Six families float their way to fortunes

Many Australian family businesses are too small to list on the ASX, but those that have done so have reaped considerable financial rewards.

Family businesses are essentially private companies and internally focused, with the best passing on the reins of control from one generation to the next. But some (albeit not many) looking for capital and growth have chosen to list on the stock exchange.

As the Walton family (who controls Walmart) would tell you, it could open new growth opportunities and set up more formalised systems for succession planning.

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