The 10 richest families in the world

2024-05-19 2024-05-19T13:30:47Z

ArabiaWeather - The richest families in the world are linked to enormous wealth and a long history of success and expansion in various economic sectors. These families are distinguished by establishing giant companies and expanding their business to include a variety of industries and sectors.

Among these families, there are those that are famous for establishing large family businesses and successfully achieving huge profits over the years. These companies span a wide range of industries such as retail, technology, energy, pharmaceuticals, and media, while most of these families invest their wealth in various fields such as real estate, stocks, investment funds, arts, and culture.

As the richest families in the world, these families have great influence in the global economic sector, and often have a significant impact on politics and the societies in which they operate. However, many of these families remain secretive about their personal lives and wealth, making it difficult to accurately determine the extent of their wealth and the scope of their influence.

The 10 richest families in the world:

The Walton Family and Walmart Inc

Net worth: $248.5 billion.

Sam Walton and their family are mastering how to generate business revenue. Thanks to their retail giant, Walmart, their global revenues are estimated at $611.3 billion. Since the family owns nearly half of the company's stake, they will likely be financially secure for future generations.

Mars family

Net worth: $160 billion

The March family began their business in 1902 by selling sugar candy. Today, the company is better known for its M&M's candy even more than its Mars bar. The company has diversified its investments into areas such as pet care. Even after four generations, the company is still run by several members of the Mars family.

Koch family:

Net worth: $128.8 billion

Wealth is said to be evident in the oil industry, and if the Koch family is any indication, this supports that belief. Not all families get along, and after a struggle in the 1980s, the number of brothers who owned the inherited oil company was reduced from four to just two who ran things. Currently, Charles Koch runs the business alone, and Koch Industries is estimated to have annual revenue of more than $125 billion.

Saudi family:

Wealth value: $105 billion

The House of Saud is linked to the ruling family of the Kingdom of Saudi Arabia, which is one of the royal families with a long history that extends for nearly a century. Due to this fact, it is difficult to accurately estimate a family's wealth. Ultimately, the sources of wealth come from the country's extensive oil reserves and financial transfers from the royal court. In addition, the family conducts business related to government contracts and land deals.

Ermis family

Wealth value: $94.6 billion

Although most people prefer to put money in handbags, the family behind the French fashion house has made part of its fortune from manufacturing and selling these bags. Birkin bags, as well as designer-designed scarves, ties and other luxury clothing, can fetch customers thousands of dollars.

Ambani family:

Wealth value: $89.5 billion

Dhrubhai Ambani's sons inherited their father's fortune, after which Reliance Industries appointed their son Mukesh Ambani as the chairman of the company. This Mumbai-based conglomerate is the world's largest oil refining complex. Their son Anil Ambani runs the telecom and asset management business.

Wertheimer family:

Wealth value: $65.6 billion

The beloved and respected fashion house was founded when the Wertheimer family financed Coco Chanel's designs in the 1920s. Since then, the company has maintained its best-selling staples like the No. 5 fragrance and the iconic little black dress.

Cargill Family, Macmillan:

Wealth value: $65.2 billion

What started as a grain storage warehouse has today grown into one of the largest agriculture companies in the world. Cargill's total annual revenue exceeds about $177 billion as well. The company's name goes back to the descendants of founder William W. Cargill and his son-in-law John H. McMillan. These descendants still run the company today.

Thompson family

Wealth value: $56.8 billion

Not only is the Thompson family one of the richest families in the world, it also holds the position of the richest family in Canada. The family made their fortune in media, starting in radio, and now own a two-thirds corporate stake in Thomson Reuters, a data and information provider serving the legal, tax and accounting industries, as well as the news and media industries.

Hoffman Family, Owerri

Wealth value: $45.1 billion

The pharmaceutical industry can make huge profits, and this is evident when looking at the wealth amassed by Roche Holdings. Founded in 1896 by Fritz Hoffmann-La Roche, the company's main revenue generation today is from the production of drugs specialized in the treatment of cancerous tumors. To date, family descendants still own 9% of the company's stake.