Wealth is not spread evenly in our youth, as we all know. There are just a few families in the world who are the wealthiest. The majority of these families have amassed their wealth through diverse companies, including retail, electronics, beauty, fashion, entertainment, restaurants, and many more. If you’re interested in learning more about the world’s wealthiest families, here’s a list of 12 of them.
12 Richest Families In The World
Here is a list of the world’s 12 wealthiest families.
1. The Walton Family – $215 Billion
Industry – Walmart
When it comes to the world’s wealthiest families, the Walton family is unquestionably at the top. By some estimates, the Walton’s are not just America’s wealthiest family, but also the world’s wealthiest dynasty. Because of their share in Walmart, the world’s largest retailer by sales, the Walton’s are the wealthiest family in America. Since 2001, the three most notable living members (Jim, Rob, and Alice Walton), as well as John (d. 2005) and Helen (d. 2007), have continuously been in the top twenty of the Forbes 400 list.
Following her husband John’s death, Christy Walton assumed his place in the rankings. Bud and Sam Walton, the co-founders of Walmart, are responsible for the majority of the family’s wealth. Walmart is the world’s largest retailer, one of the world’s largest businesses in terms of yearly revenue, and the world’s largest private employer, with little over 2.2 million employees. Alice Walton also has a net worth of $60.1 billion, making her the world’s 14th wealthiest person and the richest woman. That was all there had to say about this great family.
2. The Mars Family – $120 Billion
Industry – Candy
The Mars family is the owners of the candy company Mars, Inc., which bears their name. Fortune magazine once listed the family as the wealthiest in the United States of America in 1988. The Mars Family has grown significantly in recent years, and it now ranks second among the world’s wealthiest families.
With the exception of Jacqueline Mars and Victoria B. Mars, the Mars family is highly private, rarely if ever giving media interviews or even being photographed in public. The Mars family was one of 18 wealthiest families who successfully lobby Congress to repeal the estate tax.
3. The Koch Family – $109 Billion
Industry – Manufacturing, Oil
The Koch family is an American business family most known for their political campaigning and ownership of Koch Industries, the country’s largest privately held corporation. Fred C. Koch founded the family firm after developing a novel cracking method for refining heavy crude oil into gasoline. During the 1980s and 1990s, Fred’s four sons were involved in a legal battle over their commercial interests.
Charles Koch and David Koch, also known as the Koch brothers, were the only two of Fred Koch’s four sons still working for Koch Industry in 2019. Charles and David Koch established a political alliance of libertarian and conservative benefactors, and they invested their money in television and other forms of media advertising.
4. The Al-Saud Family – $95 Billion
Industry – Oil
Saudi Arabia’s ruling royal family is known as the House of Saudis. It is made up of the heirs of Muhammad bin Saud, the founder of the Emirate of Diriyah, sometimes known as the First Saudi Kingdom (1744–1818), and his brothers, while the dominant faction is primarily led by Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia.
The King of Saudi Arabia, an absolute monarch, wields the most power in the royal family. The family is thought to have around 15,000 members in total, but only roughly 2,000 of them wield the majority of power, influence, and riches. The royal family’s total net worth is predicted to be around $100 billion by 2020, making them the wealthiest royal family among all monarchs and one of the wealthiest families in the world.
5. The Ambani Family – $81.3 Billion
Industry – Reliance Industries
According to Forbes, Mukesh Ambani, a member of the Ambani family, is the richest person in Asia and the 11th richest person in the world as of September 3rd, 2021, with a net worth of US$95.7 billion.
Dhirubhai Ambani began his career as a gas station attendant, but instead of accepting his fate, he established Reliance Commercial Corporation. Mukesh Ambani, one of Ambani’s children, now runs the energy behemoth Reliance Industries.
6. The Dumas Family -$63.9 Billion
Industry – Hermes
Hermes, a luxury French fashion brand, is known for its characteristic scarves, neckties, and perfumes, as well as its renowned Kelly and Birkin purses. Thierry Hermes designed aristocratic riding attire in the nineteenth century. Today, LeBron James, the king of basketball, wears the brand.
Hermes is known for its trademark ‘H’ belts, Birkin handbags, and beautiful silk scarves. Thierry Hermes began creating riding equipment for noblemen in the 1800s, and the firm grew from there.
7. The Wertheimer Family – $54.4 Billion
Industry – Chanel
You must all be aware of Chanel and how expensive and well-known the brand is. The Wertheimer family’s fortune began with their grandfather’s purchase of Chanel, the French fashion business that they now co-own.
They also have vineyards all around the world. Chanel’s chairman, Alain Wertheimer, is a French luxury brand. He owns the business alongside his brother Gerard, who is in charge of the watch section.
8. The Johnson Family – $46.3 Billion
Industry – Fidelity Investments
Edward C. Johnson II founded the company in 1946 as Fidelity Management & Research (FMR). Fidelity Investments Inc., or Fidelity, is an American multinational financial services corporation based in Boston, Massachusetts. It was previously known as Fidelity Management & Research or FMR.
The company was founded in 1946 and is now one of the world’s largest asset managers, with $4.9 trillion in assets under management and a total customer asset value of $8.3 trillion as of June 2020. Johnson’s granddaughter, Abigail Johnson, who is ranked 124th on the Forbes billionaires list with a net worth of $10.8 billion, now runs the company.
9. The Boehringer and Von Baumbach – $45.7 Billion
Industry – Boehringer Ingelheim (Healthcare)
Albert Boehringer, a poor druggist, founded a company that sold tartar and other dental adhesives in 1885. Look at the company now. Hubertus Von Baumbach, the chairman and CEO of Boehringer Ingelheim, Germany’s second largest pharmaceutical company, is a German businessman. Hubertus Von Baumbach is the son of Erich von Baumbach and Ulrike Boehringer, and a great-grandson of Albert Boehringer, the company’s founder.
10. The Albrecht Family – $41 Billion
Industry – Aldi
Theodor Paul Albrecht was a businessman from Germany. With his brother Karl Albrecht, he founded the inexpensive supermarket business Aldi. Forbes listed Theo as the world’s 31st richest person in 2010, with a net worth of $16.7 billion.
Albrecht learnt how to run a grocery store from his mother in order to avoid his father’s destiny in the mines. Albrecht Diskont, one of Europe’s major grocery chains, as stated before was founded by him and his brother Karl with the motto “Best quality at the lowest price,” and is today known by its acronym, Aldi.
11. The Thomson Family – $40.6 Billion
Industry – Publishing (Thomson Corporation)
David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born June 12, 1957) is a media entrepreneur and Canadian hereditary peer. Thomson became chairman of Thomson Corporation after his father died in 2006, and he also inherited his father’s British title, Baron Thomson of Fleet.
He became chairman of the amalgamated business, Thomson Reuters, after the acquisition of Reuters in 2008. Thomson was the wealthiest person in Canada as of June 2021, with an estimated net worth of $45.7 billion.
12. The Hoffmann and Oeri Families – $38.8 Billion
Industry – Roche (Healthcare)
Fritz Hoffmann-La Roche founded the company in 1896, and it was known for creating numerous vitamin preparations and derivatives from the start. Descendants of the original Hoffmann and Oeri families possess somewhat more than half of the bearer shares with voting rights, with Swiss pharma major Novartis owning the remaining third.
Basel is home to the company’s headquarters. Roche is the world’s largest pharmaceutical company and the world’s leading cancer treatment provider.
So there you have it,12 of the world’s wealthiest families, all of whom are still creating money and increasing their fortunes. These family businesses started from the ground up. So, if you want to become a billionaire someday, never give up.