Three SG firms enter 2025 Global 500 Family Business Index

Golden Agri-Resources Ltd. secured 204th place.

Three Singapore-based companies have secured spots in the 2025 EY and University of St. Gallen Global 500 Family Business Index.

Golden Agri-Resources Ltd. ranked 204th, reporting $13.13b (US$9.76b) in revenue and employing 101,000 people. Palm oil giant Musim Mas Group followed at 229th place, with $11.96b (US$8.90b) in revenue and 42,000 employees. Meanwhile, real estate developer Yanlord Land Group Ltd. secured the 327th spot, generating $8.25b (US$6.14b) in revenue with 12,000 employees.

The 500 companies featured in the index collectively generated $11.83t (US$8.8t) in revenue and employed 25.1 million people globally.

The index, published biennially since 2015, ranks the 500 largest family-controlled businesses by revenue. To qualify, companies must have substantial family voting control (50% or more, or at least 32% for publicly listed firms), generate revenue from financial information published within the last 24 months, and demonstrate trans-generational involvement or be over 50 years old. If a family controls multiple businesses, only the one with the highest revenue is featured.