Introduction to Richest Families in the World
When anybody asks who is the ruler of the world, the safe answer would be “wealthy families.” Several big corporations and conglomerates operate through family businesses. That’s why their legacy continues to grow, and they leave a global mark on the entire world. From the chocolate empire of Mars to the wealthy heirs of Walmart, plenty of families can be “Rich.” But everyone gets curious to learn who exactly is the wealthiest. So here is the list of the richest families in the world.
Let’s talk about what made them global leaders and how many billion dollars they have in their bank accounts.
Top 5 Richest Families in the World
#1 Walton Family
- The company they own: Walmart
- Estimated wealth: $224.5 billion
(Image Credit: Economic Times)
The wealthiest family today is the Waltons. As soon as somebody wonders about the kind of lifestyle and luxury experienced by wealthy families, the mind instantly shifts to these Walmart owners. Everyone knows Walmart is a big deal worldwide because of its cheaply-priced commodities and huge stores everywhere. Currently, the Walton family holds 47% of the company’s revenue shares, and Walmart can now bank approximately $524 billion yearly. Rob Walton was the company’s chairman in 2015, which was later rightfully passed on to Greg Penner, his son-in-law. In 2022, the net worth of Rob Walton, Jim, and Alice stood at approximately $65 billion.
#2 The Mars Family
- The company they own: Mars
- Estimated wealth: $160 billion
(Image Credit: Economic Times)
No one in the world hasn’t heard about the delicious Mars chocolates. The family that owns the empire is not only involved in one of the best family businesses but is extremely rich. From Snickers bars, and M&Ms, to the Milky Way, they have ownership of every Mars chocolate. Frank Mars founded it in 1902 when he was 19 years old and selling molasses candies. But soon, the business took off and introduced new types of chocolates to the company.
John and Jacqueline, grandchildren of Frank, took over the business, and Jacqueline currently owns 25% of the business. The company generates approximately $45 billion yearly in revenue and is not stopping them. In 2017, the company acquired a pet care venture – VCA, for $9.1 billion. It is today the biggest supplier of veterinary services and pet care products. Talk about business expansion! Jacqueline and John currently have a $31,7 billion net worth, and their kids run the company.
#3 Koch Family
- The company they own: Koch Industries
- Estimated wealth: $128.8 billion
(Image Credit: Economic Times)
Fred Koch started this oil business, taken over by his kids – Charles, David, Frederick, and William. One of the richest families in the world, their estimated net worth is relatively high. However, Charles Koch now runs this company, which partnered with David. William and Frederick Koch left the business due to a family feud. Today, Charles Koch is well-known for his political activities as he digs into his money to place a stamp on political funding. He also gives university professorships and libertarian candidates to boost his conservative agenda. Charles’ net worth stands at $60 billion today.
#4 Al Saud Family
- The company they own: Saudi Royal Family
- Estimated wealth: $105 billion
The Saudi Royal Family is one of the richest families in the world. Their “House of Saud” traces the monarchical back 100 years. The family’s fortune is massive and has continuously grown because of the Royal Diwan payments. Al Saud Family has tied hands with Saudi Aramco. It is the top-most profitable company in the world and is operating in the oil industry.
#5 Hermès Family
- The company they own: Hermès
- Estimated wealth: $94 billion
(Image Credit: Economic Times)
Hermès is a France-based luxury brand that is synonymous with celebrity favorites. It is an A-lister company that has launched several popular collections like Birkin and Kelly under its name. Hollywood celebrities and socialites like Kylie Jenner, Victoria Beckham, and Kim Kardashian love Hermès. In this business, every family member has a leadership position.
It is one of the richest families in the world and it was 1802 formed by Thierry Hermès. He started the company by creating riding gear for noblemen of England, and today, Hermès is at the top! Axel Dumas and Pierre-Alexis Dumas run this luxury company. Both of them are the descendant sons-in-law of the family.
The above-listed richest families in the world have established a global name for themselves. Apart from them, the families of Ambani, Wertheimer, Cargill, MacMillan, Thomson, and Hoffmann are also listed. Many members of these families have been consistently falling on the Forbes List.
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