The Wealthiest Families in the World

Wealth is the literal ability to make dreams a reality. When used carefully, it has the depth of imagination, opens up the world, and has the potential to enrich our lives and the lives of those around us. Wealthy Families around the world earn their revenue from numerous sectors; real estate, stock exchange, buildings, steel supply to name a few. Authenticity, culture, legacy, history, and consistency are all qualities associated with family enterprises. And wealthy families imply royalty, especially if the wealth is passed down through the generations. The upper echelon of business leaders is seen as a kind of celebrities, with their abilities as performers, actors, and policymakers scrutinized.

Posted On May 12th, 2021

Walton

The Waltons are America's wealthiest family and, by some accounts, the world's wealthiest clan. Jim and Alice Walton, at the top of the value chain, are both worth $54 billion in 2020 and are numbered #8 and #9 on Forbes' annual list of billionaires, respectively. 2 Walmart is a massive retailer. Walmart, which was established in 1962 by Sam Walton in Arkansas, is now the world's largest corporation, with $524 billion in sales by 2020 and over 2.2 million employees in the United States. Walmart is praised for its cheap prices but chastised for its labour policies. Unlike its rival Target, the company struggled to carry its big-box consumer lifestyle to New York City. Their estimated wealth is $215 billion.

Mars

A multigenerational family company that is widespread, inexpensive and well-liked M&Ms is the company's most well-known product now, rather than the eponymous Mars bar. The world's largest candy company diversified in 2017 when it paid $9.1 billion for VCA, a pet care company. Jacqueline and John Mars, whose grandfather, Frank Mars, founded the firm, both have a net worth of $24.7 billion, putting them in a tie for #29 on Forbes' annual list of billionaires in 2020. Some of their daughters, the fourth generation of Mars family members, are now in charge of the firm. $120 billion is the estimated wealth of the Mars Family.

Koch

Charles Koch owes his immense wealth to his father's oil empire, but he is probably best known to the general public for his activism, reaching into his deep pockets to imprint his mark on politics: sponsoring politicians and libertarian think tanks, supporting academic professorships, and campaigning for policy posts, all to further a conservative agenda. Charles collaborated with his brother David until his brother died in 2019. Charles is reported to be worth $38.2 billion, tying him for the 18th slot on Forbes' billionaire list with Julia Koch, his kin. $109.7 billion is their estimated wealth ratio.

Al Saud

The Saudi royal family, the House of Saud, has a monarchical tradition dating back half a decade. The family's enormous wealth, valued at $95 billion, has risen over collective identities to payments from the Royal Diwan, the king's executive office. Relations with Saudi Aramco, the world's most prosperous business and oil industry giant, mean that the Saudi royal family continues to amass capital. It's difficult to reliably determine the House of Saud's fortune, in part because the family has up to 15,000 extended members, all of whom have established companies, won government contracts, and so on. The Al Saud family is estimated to have amassed at least $95 billion.

Ambani

The only Asian business on our list, Indian industrial conglomerate Reliance Industries, maybe the least well-known to ordinary readers. Nonetheless, Mukesh Ambani, whose late father founded the firm in 1957, is the company's 21st billionaire, overseeing manufacturing, petrochemicals, oil, coal, and textiles; his brother, Anil, oversees telecommunications, asset management, entertainment, and power generation. The estimated wealth of the Ambani is said to be $81.3 billion.

Hermes

Hermès, a luxurious French fashion brand, is known for its signature scarves, neckties, and perfumes, as well as its classic Kelly and Birkin handbags. Thierry Hermès designed aristocratic riding attire in the nineteenth century. Today, LeBron James, the king of basketball, wears the brand. A series of Hermès Apple Watches sells for $1,300 to $2,000 and up, fusing old school and modern technology. Axel Dumas is the CEO and chair of the group, and Pierre-Alexis Dumas is the artistic director. Their estimated wealth is said to be $63.9 billion.

Wertheimer

Alan and Gerhard Wertheimer, brothers, now share ownership of the business founded by their grandfather Gabrielle Coco Chanel. With a combined net worth of $17 billion, the brothers are ranked #48 on Forbes' billionaire list. Chanel is known for the iconic "little black dress," the No. 5 perfume, and the late, high-profile designer Karl Lagerfeld, who passed away on February 19, 2019. Their estimated wealth is approximately $54.4 billion.

Johnson

Edward C. Johnson II founded Fidelity Investments in 1946, and it is now one of the world's leading financial services companies, offering investment services to millions of individuals. Johnson's granddaughter, Abigail Johnson, who has a net worth of $10.8 billion and is ranked 124 on the Forbes billionaire list, now runs the business.

Boehringer

With an estimated net worth of $42.2 billion, the Boehringer/Von Baumbach family is the world's 9thrichest family. The Boehringer/Von Baumbach family's fortune stems from Albert Boehringer's pharmaceutical business, Boehringer Ingelheim, which was established in 1885 in Germany. The firm is now owned by the Boehringer/Von Baumbach family after more than 130 years. The Boehringer Ingelheim group is one of the world's top 20 pharmaceutical firms and Germany's second-largest. With 145 associated firms and more than 50,000 staff on the continent, it operates globally. The corporation specializes in infectious disorders, digestion, immunology, oncology, and other diseases.

Albrecht

Aldi is a multinational grocery store chain that expanded after World War II when brothers Theo and Karl Albrecht took over their parents' grocery store. Trader Joe's, a prominent American grocery store chain, is also owned by Aldi. Theo Albrecht and his family are the 51st richest people on the Forbes Billionaire List, with a net worth of $17 billion. The Albrechts are a family about which little is known. They refuse to talk to the press or host shop opens. The family, according to a German publication, does not own vacation homes, corporate planes, or yachts, preferring instead to remain in seclusion with just a few thousand euros in their bank account.