The allure of the richest family in the world mirrors a culture that idolizes affluence and elevates the affluent to celebrity status.
The upper strata of business leaders are akin to celebrities, dissected for their prowess just like athletes, actors, or politicians.
Successful family businesses hold a universal charm.
Top 1o Richest Family In The World
1. Walton Family: First Richest Family In The World
Estimated Wealth: $224.5 billion
Company: Walmart
The Waltons hold the title of the richest family in the world.
Jim, Rob, and Alice Walton lead the way with approximately $58 billion each, securing the 19th, 20th, and 21st spots, respectively, on Forbes’ billionaire list as of September 20, 2023.
Walmart
Walmart, the retail giant, was established by Sam Walton in Arkansas in 1962.
It stands as the world’s largest company by revenue, amassing $611 billion in revenues and employing over 2.1 million global associates.
Walmart’s employees would constitute the fifth-largest U.S. city.
Walmart operates 10,500+ global stores, with 5,215 in the U.S.
Known for affordability, Walmart’s labor practices draw criticism.
2.Mars Family: Second Richest Family In The World
Estimated Wealth: $160 billion
Company: Mars
Mars, known as the “Walmart of candy,” is a multigenerational family business.
In 2017, it diversified by acquiring VCA, a pet care company, for $9.1 billion.
Siblings Jacqueline and John Mars, descendants of the company’s founder, each have a net worth of $38.3 billion.
3.Koch Family: Third Richest Family In The World
Estimated Wealth: $128.8 billion
Company: Koch Industries
Charles Koch, known for his political involvement, is worth an estimated $54 billion.
David’s Widow, Julia Koch, and family have a net worth of $59 billion.
4.Al Saud Family
Estimated Wealth: $105 billion
Company: Saudi Royal Family
The Saudi royal family, the House of Saud, has a monarchical history spanning nearly a century.
Their wealth is estimated at $105 billion, primarily from payments from the Royal Diwan and ties with Saudi Aramco.
5.Hermès Family
Estimated Wealth: $94.6 billion
Company: Hermès
French fashion house Hermès is renowned for luxury products.
Axel Dumas and Pierre-Alexis Dumas are key figures in the company.
6.Ambani Family
Estimated Wealth: $84.6 billion
Company: Reliance Industries
Indian conglomerate Reliance Industries is led by Mukesh Ambani, overseeing various sectors.
His brother, Anil, manages other areas of the business.
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7.Wertheimer Family
Estimated Wealth: $79 billion
Company: Chanel
Chanel, a high-fashion house, is known for iconic products.
Brothers Alain and Gerhard Wertheimer co-own the company.
8.Cargill, MacMillan Family
Estimated Wealth: $65.2 billion
Company: Cargill
Cargill is a major agricultural company founded by William W. Cargill and John H. MacMillan.
9.Thomson Family
Estimated Wealth: $53.9 billion
Company: Thomson Reuters
The Thomson family’s wealth comes from media company Thomson Reuters.
David Thomson serves as the chairman.
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10.Hoffmann, Oeri Family
Estimated Wealth: $45.1 billion
Company: Roche
Roche is a Swiss pharmaceutical company founded by Fritz Hoffmann-La Roche.
The descendants of La Roche control 9% of the company.
