The world's largest 500 family businesses generated US $7.28 trillion in revenues, employing 24.1 million people across 45 jurisdictions.

These and other findings have been published in the 2021 EY and University of St Gallen Family Business Index which reveals how the largest family-owned businesses have responded to the recent turbulence in the global economy.

While family businesses, especially those in the hospitality and tourism industries, have felt th...