On the global scale, even the oldest Australian family businesses are just babies. Lionel Samson & Son claims to be the oldest, founded in 1829, but it was recently discovered that a little-known Tasmanian farm called Summerville was actually founded 18 years earlier. It had always flown under the radar, letting the Samsons take the glory but now we know who the real senior citizen of the sector is (Australia's oldest family business, July 18). But the truth is, where age is concerned, we can't hope to compare with world's family business grandparents.
In 2006, Kongō Gumi was sold after 14 centuries as a family business.