Worlds 25 Wealthiest Families Are Now Worth $1 7 Trillion; Grew Richer In One Year, World News
To put the Waltons’ one-year, $23 billion bump in wealth into perspective, Bloombergestimates the net worthof Walmart heir Lukas Walton at $22 billion. Many actors and actresses have amassed fortunes that most people can only conceive, despite the fact that they are just... RediffmailThe precursor of today’s Reliance Industries was started by Dhirubhai Ambani, father of Anil and Mukesh Ambani. House Of SaudCrown Prince Mohammed bin Salman, who is the son of the seventh monarch of Saudi Arabia has an individual net worth of more than $1 billion. Celebrity Net WorthThe duo then transformed the business into Koch Industries, a conglomerate with annual revenue of about $115 billion.
The Boehringer/Von Baumbach family runs pharmaceutical company Boehringer Ingelheim, while the Albrecht family is famous for their discount store Aldi. The media moguls of the Thomson family, founders of Thomson Reuters, round off the top 10 in rank 9. Successful business enterprises are they key to the wealth of the world’s richest families.
It didn't take into account first-generation fortunes, fortunes controlled by a single heir, or fortunes derived primarily from the state. For the purposes of this list, families whose wealth stems from a joint company or enterprise are being considered as a single entry. Industrial is the second largest sector, with 4 of the 25 families involved. It’s also one of the most lucrative sectors—out of the top five wealthiest families on the list, three are in industrials. The Koch family is the wealthiest family in this category, followed by the Al Saud family and the Ambani family, respectively. It’s important to note that many of these families have diversified their investments across a variety of industries.
According to a ranking by Bloomberg, three American families top the ranking of the world’s wealthiest. The top 2 – The Waltons and the Mars family – deal in consumer goods, while the Kochs in rank 3 are more of an industrialist clan. The Walton family’s assets come to $238 billion, while the Mars family made a fortune of $142 billion from their empire of brands such as Milky Way, Snickers, M&M's, Twix and Wrigley chewing gum. The Waltons are the richest family on the list by far, with a net worth of $215 billion—that’s $95 billion more than the second wealthiest family. 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.
The original firm split into the Samsung Group, CJ Group, Shinsegae Group and Hansol Group – all of which are run by his descendants. Brothers Jay and Donald Pritzker founded the Hyatt Hotel chain in 1957. Jay’s children – Nancy, Thomas, John, Daniel and Gigi – and Donald’s three kids – Penny, Anthony and JB – big dawg079 split the fortune and went on to be mega-successful in their own right.
The chain has also been called the "Walmart of France." Association Familiale Mulliez, the family holding company, also controls Leroy Merlin, a home improvement chain, and Decathlon, a sports equipment retailer. The Johnson family is behindSC Johnson, which produces cleaning products such as Pledge, Glade, and Windex.The company was founded by its namesake in 1882 and was eventually taken over by son Herbert Fisk Johnson. Fifth-generation Herbert Fisk Johnson III acts as the current CEO and chairman of the company. Today, his descendants control Tetra Laval, one of the world's biggest packaging companies, which is comprised of Tetra Pak, Sidel, and DeLaval, per Bloomberg. Since being listed in the 1970s by Kwok Tak-seng, Sun Hung Kai Properties has evolved into one of the biggest property developers in Hong Kong. Thomas and Raymond Kwok control the company after ousting their third brother, Walter Kwok, in 2008 following a feud, Business Insider previously reported.
Ballmer has been married to Connie Snyder since 1990 and the couple are committed philanthropists. When Forrest Mars Sr. died in 1991, the confectionery tycoon bequeathed Mars, Inc., the candy and pet foods empire his father founded in 1911, to his three children Jacqueline , Forrest Mars Jr. and John Mars. The Mars siblings have complete control over the company, which has a plethora of popular brands from Snickers and M&Ms to Whiskas and Dolmio.
If you’re interested in learning more about the world’s wealthiest families, here’s a list of 12 of them. FOX Business previously reported that the wealth of the Koch family began with Fred Koch’s oil firm and was split between his four sons before two sons left in the 1980s. Charles and David Koch were the two sons who stayed, and today, Charles Koch serves as the chairman of the board and CEO. David Koch, who also maintained a position of leadership until 2018, died in August 2019.
Kjeld’s daughter Agnete is an Olympic equestrian, and son Thomas Kirk is being groomed to take over the business. The 25 richest families in the world are now worth over $1 trillion — more than the total value of Apple or the entire GDP of Indonesia, according to a report. Today, sons Dan and Bubba Cathy lead and own the fast food franchise, which has more than 2,500 outlets in the U.S.
Top 10 richest families of Turkey 4- Erol Sabancı, Sabancı Holding. The Al Saud royal family of Saudi Arabia makes its debut among the world’s wealthiest at $100 billion. Deriving the bulk of its estimated $150 billion (£109.8bn) fortune from oil, the House of Nahyan has been the reigning royal family of Abu Dhabi since 1793.