Keeping track of the wealthiest people has been commonplace for people ever since outlets have begun covering their lives. People are put in awe by rich entities who built their empire over the years that have passed. Here are some of the richest families in the world, and the empires they have built.
(This list will only contain rich families who have amassed massive wealth from starting their own businesses.)
Walton Family- Walmart
Estimated Wealth: $190.5 Billion
We are sure you’re encountered Walmart. They are the wealthiest family in America. Some even speculate that they are the wealthiest family in the world. At the top sits Jim and Alice Walton with $44 billion apiece. This puts them in the 16th and 17th spots in Forbes’ list of billionaires.
Walmart is popular for its big-box stores across America. In 2019, it registered a whopping $514 billion in sales. The company operates more than 12,000 stores worldwide with almost half of those in America alone.
Mars Family- Mars
Estimated Wealth: $126.5 Billion
Investopedia considers Mars as the Walmart of candy. Strangely, the company is most famous for its M&Ms over Mars. Siblings John and Jacqueline Mars are at the helm of the company today, with their children running the operations. They have a net worth of $23.9 billion apiece, tied at the 33rd spot in Forbes’ list.
Koch Brothers- Koch Industries
Estimated Wealth: $124.5 Billion
Koch Industries was built by the oil industry. They are more popularly known for politics. Koch Industries is known for lobbying policy positions, funding libertarians, sponsoring university professors, and furthering conservative agenda. Charles and David Koch are ranked at the 11th spot in Forbes with $50.5 billion apiece.
Al Saud- Saudi Royal Family
Estimated Wealth: $100 Billion
The Saudi Royal Family has a long history, dating back to centuries before. Their wealth primarily grew because of the decades of payments made by the king’s executive office, the Royal Diwan. The family also has ties with the Saudi Aramco, a giant in the oil industry. It is believed that the house has over 15,000 family members many of whom have founded their own business or were given seats in the government.
Wertheimer Family- Chanel
Estimated Wealth: $57.6 Billion
Lastly, this wouldn’t be complete if no luxury brand appears at least once. Chanel cemented its legacy in the fashion world with the timeless “Little Black Dress” and Perfume No. 5. The French fashion house and luxury brand are also known for the late legendary designer, Karl Lagerfeld, who worked with Gabrielle Coco Chanel to put the brand in the map of the fashion industry.
Do you think these families will continue to grow in the future? Let us know in the comments!
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