Biggest wealthiest families in the world
Since, we are talking strictly about families here so I would exclude some individuals.
The Walton Family
*Owner of Walmart and Arvest Bank Group
*Net Worth: $190.5 billion as of 2019
The Walton family is an American family, whose collective fortune makes them the richest family in the United States of America and the richest non-royal family in the world.
The majority of their wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of the world's largest retailer, Walmart. The three most prominent living members (Jim, Rob and Alice) have consistently been in the top twenty of the Forbes400 since 2001, as were John (d. 2005) and Helen(d. 2007) prior to their deaths. Christy Walton took her husband John's place in that ranking after his death.
As of December 2014, the Waltons collectively owned 50.8 percent of the company.
In 2018, the family sold some of their Walmart stock and now owns just under 50%.
In October 2019, the annual Sunday Times Rich List indicated the Walton family's wealth is at $US201.4 billion
Bernard Arnault Family
*Owner of LVMH
*Net Worth: $117 billion as of January 2020
French national Bernard Arnault is the chairman and CEO of LVMH, the world's biggest luxury goods company. The company owns some of the biggest brands on earth including Louis Vuitton, Hennessey, Bulgari, Marc Jacobs, Dior, Sephora, and many more.
An engineer by training, Arnault's business chops became apparent whilst working for his father's engineering company, Ferret-Savinel. He converted the company to a real estate company in 1976.
Arnault acquired luxury goods maker Financière Agache in 1984, eventually selling all of its holdings other than Christian Dior and Le Bon Marché department store. He became chairman of the board of LVMH in 1989. His own investments are broad, including technology concerns and yacht companies.
The Koch Family
*Owner of Koch Industries
*Net Worth: $110 billion as of January 2020
Koch Industries was founded by Fred Koch in 1940 and is majority owned by his sons, better known as the Koch Brothers—David and Charles, with each owning 42% of the company. David, 79 years old, stepped down from his role with the company in 2018 due to health issues, while Charles, 83, remains Chairman and CEO.
Fred Koch: Father and Founder
At the age of 27, a chemical engineer by the name of Fred Koch developed a new and more efficient process for turning crude oil into gasoline. An MIT graduate, Fred had invented a new method of refining gasoline from viscous and common heavy oil. After a string of lawsuits from Universal Oil Products, which had patented and was licensing a similar technique, Fred brought his innovation to the Soviet Union 1929. He returned to America shortly after to start a family.
Koch Industries is the second-largest privately held company in the U.S., per Forbes annual rankings, generating $110 billion in annual revenues. This has helped position the Koch family as the second richest family in the world, behind only the Walton family (Walmart owners). The Bloomberg Billionaires Index puts the Walton family fortune at $152 billion, while the Koch family is worth $99 billion.
Al Saud - Saudi Royal Family
Estimated Wealth: $100 billion
*Owner of Saudi Aramco
*Net Worth: $100 billion as of January 2020
The House of Saud, the Saudi royal family has a monarchical history extending back nearly a century. The family's massive fortune, estimated at $100 billion, has grown thanks to decades of payments from the Royal Diwan, the king's executive office. Ties with Saudi Aramco, the world's most profitable company and a behemoth of the oil industry, ensure that the Saudi royal family continues to accumulate wealth. It's difficult to accurately assess the wealth of the House of Saud, in part because the family contains as many as 15,000 extended members, many of whom have founded businesses, received government contracts and more. Though, am not sure about this as their rightful owner is the Government of Saudi Arabia.
The Mars Family
* Owner of the Mars Chocolate Empire
*Net Worth: US$72billion (with family, March 2019)
The Mars family sits on top of a delicious empire. They're the heirs to the candy throne that is Mars Inc., maker of Snickers, Mars Bars, Milky Way Bars, Twix, M&M's, and more — not to mention a portfolio of PetCare products, drinks, and gum, among others.
'Notoriously secretive': The mysterious family behind the $127b Mars chocolate empire
The 106-year-old company has helped the Mars family build a reported fortune of $US89.7 billion ($127 billion), according to Bloomberg. The six family members who rank on the Forbes 400 list share $US72 billion of that fortune, making them America’s third-richest family wealth “dynasty”, according to the Institute for Policy Studies’“Billionaire Bonanza” report.
Carlos Slim Helu Family
*Owner of Telmex, América Móvil, and Grupo Carso
*Net Worth: US$63.4 billion (with family, October 2019)
His conglomerate includes education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-technology, retail, sports and financial services.
He accounts for 40% of the listings on the Mexican Stock Exchange,
while his net worth is equivalent to about 6 percent of Mexico's gross domestic product.
At the age of 12, he made his first stock purchase, by purchasing shares in a Mexican bank.
By the age of 15, Slim had become a shareholder in Mexico's largest bank.
At the age of 17, he earned 200 pesos a week working for his father's company.
He went on to study civil engineering at the National Autonomous University of Mexico, where he also concurrently taught algebra and linear programming
As of 2016, he is the largest single shareholder of The New York Times Company
The Ambani Family
*Owner of Reliance Industries, Communications & Jio
*Net Worth: US$60.7 billion (with family, October 2019
The Ambani family is behind the oil-to-telecom conglomerate Reliance Industries. The company's chairman and largest shareholder is Mukesh Ambani, the richest man in Asia, who is worth an estimated $60.7 billion, according to Bloomberg's Billionaires Index.
That makes him the 12th-richest person in the world, according to Bloomberg, while Forbes pegs him the 10th-richest.
Mukesh's daughter, 28-year-old Isha Ambani, married Anand Piramal, 34, heir to a real-estate and pharmaceutical business, in December 2018 at the Ambani family home in Mumbai, a 27-story skyscraper that cost an estimated $1 billion to build.
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