Even when the world struggled economically and the market took a severe financial hit since the beginning of the pandemic, many of the richest families in the world have only added fortunes to their accounts. According to a Chinese proverb, family fortunes are lost in three generations. But these wealthy families of the world have managed to keep their fortunes intact for as long as six generation in some cases.
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Here is a list of the top 8 richest families in the world.
1. The Walton Family:
The Walton family is the richest family in the United States and the world as well. The family has a net worth of around $238 billion and this wealth is derived from various industries, including retail, media, agribusiness, technology, including the retail giants in the US, Walmart. The three important living members of the family, Jim, Rob and Alice Walton have always featured in the Forbes list of top 40 billionaires since 2001.
2. The Mars Family:
The Mars family owns the Mars, Incorporated which is a manufacturer of confectionery, pet food, and other food products and a provider of animal care services. The family has a net worth of $142 billion. Earlier the company was associated with the production of candies which included their wildly popular Mars bars and M&Ms. In 2017, the world’s largest candy company diversified with the purchase of VCA, a pet care company, for $9.1 billion.
3. The Koch Family:
The Koch family is the owner of Koch Industries which is the largest privately owned company in the United States. The family has a net worth of $124 billion which makes them one of the richest families in the world. The family is also well known for their political activities as well like opposing climate change legislation etc.
4. The Hermes Family:
The sixth-generation family members own the French luxury fashion company famous for its Birkin handbags which can run into the hundreds of thousands of dollars. The Hermes Family has an approximated net worth of $111 billion. The company was started way back in 1837 when Thierry Hermes started to make riding gear for noblemen.
5. The Al Saud Family:
The House of Saud, the Saudi royal family, has a monarchical history extending back nearly a century. The family has a known net worth of $100 billion dollars. The immense wealth of Saudi Arabia’s royal family comes from a combination of proceeds from Saudi Arabia’s oil industry. The family has ties with Saudi Aramco, which is the most profitable company in the world.
6. The Ambani Family:
The only Asian family that has made the list of the richest families in the world is the Ambani family. The late father of present CEO Mukesh Ambani founded Reliance Industries in 1957. The industry deals in a variety of fields ranging from telecommunications to oil and petroleum. The family has a combined net worth of approximately $94 billion. Mukesh Ambani also owns the world’s most expensive private residence which is worth around two billion dollars.
7. The Wertheimer Family:
The fortune of Wertheimer family dates back to 1920s when a French businessman in Paris named Pierre Wertheimer funded designer Coco Chanel and both of them co founded the French luxury Fashion House, Chanel. Today the family has a net worth of $61.8 billion while the company is worth around $9 billion making the Wertheimer Family one of the wealthiest families in the world.
8. The Johnson Family:
The mutual fund empire was started when Edward C. Johnson II founded Fidelity Investments in Boston in 1946. Today the company provides financial services to millions of people across the globe and his run by Johnson’s granddaughter, Abigail Johnson. Forbes has rated Abigail Johnson as one of the most powerful women for several years now. The Johnson family has an estimated net worth of $61.2 billion.
The list has excluded first-generation billionaires around the globe. With an estimated net worth of $238 billion, the Walton family has topped the list of the Top richest families in the world once again.
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