17 Richest Family In The World Ideas

Brothers Theo and Karl Albrecht created the discount supermarket Aldi, Bloomberg reported. Today, there are more than 10,000 stores between the two branches, Aldi Nord and Aldi Sud. Theo also invested in Trader Joe's, transforming it into a chain with more than 350 stores. The Ferrero fortune dates back to 1940s Italy, when Michele Ferrero created what is now known as Nutella.

That is why most of the developed countries have introduced an ‘inheritance tax’ for such families so that the disparities amongst the economic classes could be reduced. BloombergThe company is now run by Johnson’s granddaughter, Abigail. The mutual fund firm, Fidelity Investments, was founded by Edward C. Johnson II in 1946 in Boston and is the largest financial service firm in the world and provides investment services to millions of people. Lin , co-founder of the National Young Arts Foundation and Miami’s New World Symphony, is the matriarch of this family, whose fortune stems from her late husband Ted’s Carnival Cruise Lines. Ted’s son Micky is chairman of the board , and investor Shari, Ted’s daughter, is said to be Israel’s richest woman.

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.

Dan serves as chairman and CEO, while Bubba is executive vice president. Gary Rollins, Wayne’s son, presides over the family business as CEO and chairman. The family now owns about 53% of Rollins Inc., along with stakes in oil-and-gas company RPC Inc. and boat dealer Marine Products Corp. They have ties with Saudi Aramco, which is the world’s most profitable company and is the biggest oil company in the oil industry.

A newcomer to Bloomberg’s list this year is the Al Saud royal family of Saudi Arabia. Since last year's wealthiest families report — published in June — the Waltons of Walmart have increased their fortune $39 billion to reach a total of $191 billion, as they are still the richest family in the world. According to Bloomberg's most recent financial report, the Waltons rake in an insane $70,000 per top 10 minute, $4 million per hour, and $100 million per day.

Ahead of her are brothers Jim ($63.7 billion, No. 17 worldwide) and Rob ($63.3 billion, No. 18 worldwide). Descendants of Sam and his brother, Bud, control more than 1.3 billion shares of Walmart stock either directly or through family trusts, Bloomberg says. Even though the Waltons have liquidated $6 billion in Walmart stock this year, they’re now worth more in 2021 than they were in 2020. This list of ‘richest families of the world’ shows the rising global inequality of wealth in the world.

The Koch family is one of the most political, American families engaged in business, and they control the Koch Industries. The Koch Industries is the second-largest privately owned company in the United States. The family business was started by Fred C. Koch, and he founded the oil refinery firm back then, which later became Koch Industries. Later after his death in 1967, Fred’s four sons litigated against each other in the 1980s and 1990s.

Bill (pictured left with his twin David; they eventually healed the rift) and Frederick, on the other hand, were worth substantially less. David and Frederick both passed away recently, with David leaving control of the company to his brother Charles. So there you have it,12 of the world’s wealthiest families, all of whom are still creating money and increasing their fortunes. 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.

Howard Marshall II was a business partner of founder Fred C. Koch and owned an estimated 16% stake in the company. The Dorrance descendants are now one of the richest families in the U.S. They own about 41% of the company collectively, reported CNBC in 2018. So this was the list of 15 wealthiest families worldwide, and it includes some of the wealthiest and most prominent families of the world. The company was founded by Sam Walton in Arkansas in 1962, and it is the world’s largest company by 2022 revenues. The company has over 12,000 retail stores worldwide and 5,362 stores in the U.S. as of 2019.