11 of your favorite companies that are family owned by Shelby Slauer on Aug 29, 2018, 2:39 PM Advertisement
 - Many companies, regardless of how much they've grown, have remained in the family since they were established.
- LG is now in its fourth generation of family leadership since its founding.
- Hallmark has stayed in the Hall family since it began in 1910.
There's something special about a company that is family owned. Not only are family-owned businesses currently smoking the competition, there's also much to learn from a business that managed to remain that way. To keep a business in the family is an impressive feat, but it's one that more of your favorite brands have accomplished than you might think. Keep scrolling to see which ones. SEE ALSO: The 25 richest American families, ranked Nike is led by the Knight family. The company was founded in 1964.  Phil Knight, a runner at University of Oregon at the time, was one of the founders of Nike in 1964, along with Bill Bowerman, a track and field coach. Phil Knight's son, Travis Knight, followed in his father's footsteps when he was appointed to the board of directors in 2015. Today, Nike is valued at $110.3 billion, with around $35.26 billion in annual sales.
Mars has stayed in the family throughout its 107-year history.  Frank C. Mars started making and selling homemade butter cream candy in 1911. Today, the company is known for chocolates like Mars, Snickers, and M&Ms, to name a few. It has also expanded, now also selling Wrigley's gum, Uncle Ben’s rice, and Eukanuba pet food. As of 2017, Mars brings in $35 billion in revenue. Members of the Mars family own Mars Inc. the company, and sit on the board of directors. Theyre worth an estimated $78 billion.
Hallmark Cards has had family leadership since it began in 1910.  Hallmark Cards was started by Joyce Clyde Hall in 1910, when he began selling postcards in order to make money. It has since become the oldest card manufacturer in the nation. The company is now run by two grandsons of the original founder, Donald J. Hall and David E. Hall. Hallmark makes around $4 billion a year, and Americans purchase more than 6.5 billion Hallmark cards annually.
See the rest of the story at Business Insider
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