Top 10 richest families in the world & their net worth

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Top 10 richest families in the world & their net worth

Top 10 richest families in the world & their net worth

More than half of the world’s wealth is accumulated by 1 percent of the richest people in the world. This ratio is constantly increasing across the world. The top 1% owns 50.1 percent of the world’s wealth, which has increased from 45.5% in 2001.

However, the outbreak of the Coronavirus pandemic has forced the global economic markets to slow down since March 2020. But if we talk about the richest families in the world, there is hardly anything that could affect their wealth.

In the coming years, we can see a rise in the number of the world’s millionaires. Presently, there are around 36 million millionaires in the world and, this number could increase up to 44 by 2022. Over the past 12 months, the total wealth in the world grew by 6 percent approximately, to $280 trillion. Since 2012 this is the fastest wealth creation.

The U.S. ranked first in the world of millionaires, with 15.3 million people having their net worth of $1 million or more. The second position is acquired by Japan with 2.7 million millionaires, while the U.K. stands third with 2.2 million millionaires.

With a millionaire population of 1.9 million millionaires, China ranks fifth in the world of millionaires and is expected to hit 2.8 million by 2022.

In this article, we will talk about the top ten richest families in the world and their total estimated net worth.

  • The Walton Family- Walmart: They are the wealthiest clan in the world and the richest family in America. In 2019, on Forbes annual list of billionaires, Jim and Alice Walton ranked 16th and 17th, each worth more than $44 billion. Walmart is now the world’s largest company founded by Sam Walton in Arkansas in 1962, with a revenue of $514.4 billion and over 1.5 million U.S. In more than 11,000 Walmart stores worldwide, they have a revenue worth $524 billion. For over three generations, the Walton family has been making money, and this is why they are in this position. Their estimated wealth is $215 billion.
  • The Mars Family- Mars: Our favorite chocolates M&M’s, Twix, Snickers, Mars comes from the factory owned by Mars Inc. This successful Mars Inc set up by Frank Mars, who learned to make hand-dip chocolates as a schoolboy. However, around $38-billion revenue of the company comes from pet care products. Five generations have been a part of this business. Their estimated wealth is $120 billion.
  • The Koch Family- Koch Industries: Initially, the four brothers Charles, Frederick, William, and David, owe their father’s oil firm. But Charles and David took over the company after the family dispute in 1980. They led the firm to grew into Koch Industries with annual revenue of about $115 billion. David Koch passed away in 2019 and, Charles continued as the CEO of the company. Their estimated wealth is $109.7 billion.
  • Al Saud- Saudi Royal Family: Al Saud is considered as the UAE’s royalty. For the last 88 years, Al Saud is ruling over UAE. They are the ones who turned the dessert into the gold mines. Their main source of income is their oil mines, brokering land deals, government deals, and setting up a business that aims at servicing the state. Son of Saudi’s seventh monarch, Crown Prince Mohammed bin Salman has assets of more than $1 billion. Their estimated wealth is $95 billion.
  • The Ambani Family- Reliance Industries: The only Indians among the top 10 richest families in the world are Mukesh Ambani and his family. Dhirubhai Ambani founded the reliance industries in 1957, which was then divided among his sons Anil Ambani and Mukesh Ambani after his death in 2002. Presently, Mukesh Ambani leads Reliance Industries, which is one of the biggest Mumbai-based conglomerates and owns the world’s largest oil refining complex. He and his family live in one of the most expensive private residences in the world, known as the famous Antilla. Their estimated wealth is $81.3 billion.
  • The Dumas Family- Hermes: Whenever we hear about Hermes’ the first thing that came to our mind is their beautiful silk scarves, signature H belts, Birkin bags, neckties, and their perfumes. Jean-Louis Dumas founded this global luxury brand and was the chairman and the artistic director from 1978 to 2006. After he died in 2006, Pierre-Alexis Dumas and Axel Dumas continue to be the artistic director and the chairman, respectively. Their estimated wealth is $63.9 Billion.
  • The Wertheimer family- Chanel: Chanel is a no.5 perfume brand that had annual revenue of over $12 billion. Pierre Wertheimer was the one who founded this brand. Currently, his grandsons, Gerard and Alain, run this fashion house. Their estimated wealth is $54.4 billion.
  • The Johnson Family- Fidelity Investments: In 1946, in Boston, Edward C Johnson II founded a mutual fund firm company now managed by his granddaughter. Their estimated wealth is $46.3 billion.
  • The Boehringer-Von Baumbach Family: This is one of the richest families in Germany. Boehringer Ingelheim is a pharmaceutical company that is 130 years old now. Their estimated wealth is $45.7 billion.
  • The Albrecht family- Albrecht is the last on the list of top 10 richest families in the world. Two brothers, Theo and Karl, updated their parent’s grocery store into a nation-wide German chain of supermarkets now known as Aldi. Their estimated wealth is $41 billion.