There are a number of families who are billionaires. They own assets and businesses valued at billions of dollars. Some of them have wealthy that is inter-generational.
These families made their fortune through years of doing business.
Below is the list of richest families in the world:
- Walton Family
The Walton Family owns Walmart. Their net-worth is valued at $224.5 billion. Members of the family rank highly on the Forbes list of billionaires.
Walmart is a large retail company operating 10,500 retail stores globally and 4,700 stores in the United States alone as of December 2022.
2. Mars Family
The Mars Family operates the world’s largest candy and pet food business. Mars Inc was founded by Frank Mars in 1911. According to Business Inside, the family has a net worth of $160 billion. The family is known for Snickers, Milky Way Bars M&M and Twix candy empire. Their companies also produce Petcare products, gum and drinks. The family is good at avoiding the press. That is, they are very private.
3. Koch Family
The Koch Families are well known for Koch Industries whose net worth is valued at $128.8 billion. Charles Koch is the most well known because of his political activities. He using his deep pockets to finance think tanks as well as political candidates.
4. Al Saud Family
This is a Saudi Royal Family whose net worth is valued at $105 billion. The family has ties to the Saudi Aramco which makes it possible for the family to continue accumulating their wealth.
5. Harmes Family
The owns a company known as Hermes which is valued at $94.6 billion. The company deals with fashion producing and selling scarfs, perfumes, ties and handbags.
6. Ambani Family
Ambani Family are the owners of Reliance Industries which is valued at Ksh. 84.6 billion. Their company was established in 1957. Now, it has operations in oil & gas, refineries, telecommunications, textiles, power generation, asset management and entertainment.
7. Wertheimer Family
Wertheimer Family owns Chanel which is valued at $79 billion. The company was founded by Karl Lagerfeld. He died in 2019 and the company is being managed by other family members.
8. Cargill, MacMillan Family
Cargill is a company owned by the Cargill and MacMillan families. It’s wealth is estimated to be
$65.2 billion. This is a commodities and grain storage business. The company is controlled by John H. MacMillan and William Cargill families.
9. Thomson Family
Thomson Family owns the media company known as Thomson Reuters. Roy Thomson established a radio station in Ontario, Canada. They later expanded into newspapers. The family business is valued at $53.9 billion.
10. Hoffmann & Oeri Family
In 1896, Fritz Hoffmann-La Roche founded a pharmaceutical company known as Roche. The family makes a lot of money from selling oncology drugs.
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