The 10 Richest Families in the World
1. Walton Family
Company: Walmart
Net Worth: $173.1 billion
The Walton family has demonstrated exceptional expertise in generating retail revenue, particularly through their association with the renowned mega-retailer Walmart. With an impressive estimated global revenue of $611.3 billion, Walmart has significantly contributed to their wealth. As the family possesses close to 50% ownership in the company, their financial comfort is expected to extend for future generations.
2. Mars Family
Company: Mars
Net Worth: $160 billion
The Mars family’s journey began in 1902 with the sale of molasses candy. Over time, their company, renowned for M&Ms and Mars bars, has expanded its portfolio to include diverse assets, including pet care. Remarkably, even after four generations, several members of the Mars family continue to play key roles in running the company.
3. Koch Family
Company: Koch Industries
Net Worth: $128 billion
The Koch family exemplifies the adage that there is wealth to be found in the oil industry. Although family dynamics can be complicated, the Koch brothers, after a tumultuous period of conflict in the 1980s, emerged as the driving force behind their inherited oil firm. Today, the Koch brothers, through their conglomerate Koch Industries, oversee a vast empire that generates an impressive annual revenue of approximately $115 billion.
4. Al Saud Family
Company: Saudi Royal Family
Net Worth: $105 billion
The House of Saud, although not classified as a company, represents the Saudi royal family, an established monarchy that has spanned nearly a century. Assessing the exact wealth of the family proves challenging due to this unique structure. However, their wealth primarily originates from the nation’s abundant oil reserves and earnings from the Royal Diwan. Additionally, the family engages in government contracts and land transactions, further contributing to their financial influence.
5. Hermes Family
Company: Hermes
Net Worth: $94.6 billion
While many individuals simply keep money in handbags, the family associated with the renowned French fashion house has managed to accumulate a significant portion of their wealth by crafting and selling them. The creation and sale of Birkin handbags, along with other luxurious items such as scarves, ties, and designer apparel, often command prices reaching thousands of dollars, contributing to the family’s fortune.
6. Ambani Family
Company: Reliance Industries
Net Worth: $83.4 billion
Following the passing of their father Dhirubhai Ambani, his sons inherited his substantial wealth, leading to Mukesh Ambani assuming the leadership of Reliance Industries, the Mumbai-based conglomerate renowned as the world’s largest oil refining complex. Meanwhile, Anil Ambani oversees telecommunications and asset management ventures within the family’s business empire.
7. Cargill, MacMillan Family
Company: Cargill
Net Worth: $65.2 billion
From its humble beginnings as a grain storage warehouse, Cargill has transformed into one of the largest agricultural companies globally, boasting an impressive estimated annual revenue of $165 billion. The names Cargill and MacMillan originate from the descendants of the company’s founder, William W. Cargill, and his son-in-law, John H. MacMillan. Remarkably, these descendants continue to actively manage and operate the company, maintaining its legacy to this day.
8. Wertheimer Family
Company: Chanel
Net Worth: $63.2 billion
The renowned and adored fashion house came into existence through the support of the Wertheimer family, who provided funding for Coco Chanel’s designs during the 1920s. Ever since, the company has upheld the legacy of iconic creations like the timeless No. 5 perfume and the celebrated little black dress, which have become enduring best-sellers in the fashion industry.
9. Thomson Family
Company: Thomson Reuters
Net Worth: $54.4 billion
The Thomson family not only ranks among the wealthiest families globally but also holds the esteemed title of being Canada’s richest family. Their wealth originated in the media industry, initially with radio ventures. Presently, they possess a two-thirds ownership stake in Thomson Reuters, a prominent provider of financial data and services.
10. Hoffman, Oeri Family
Company: Roche
Net Worth: $45.1 billion
The pharmaceutical industry holds immense potential for substantial wealth, as evident in the fortunes accumulated by Roche Holdings, a renowned drug manufacturer. Established in 1896 by Fritz Hoffman-La Roche, the company currently generates a significant portion of its revenue through the production of oncology drugs. Notably, descendants of the family continue to maintain control of 9% of the company, ensuring their ongoing involvement in its operations.
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