Top 10 Richest Family In The World

It is considered normal for the family members to inherit their parent's business and there are some that make the shares in their company go public as well as sharing the wealth only among the family members by privatizing the company.

Despite the cumbersome economy due to the Covid-19 pandemic, this has not stopped these families from growing their wealth exponentially making them the richest family in the world.

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Here are the families that manage to make it to the top of the list.

1. Walton 

If you live in the US, then the company Walmart is considered the biggest there not just in terms of the number of workers but also the company's revenue. In 2020 alone the company's wealth is $215 billion.

Walmart has been the company that conquered the retail sectors in the US for the past 4 decades. The company was founded by Sam Walton and later on expanded by his family members until it became the retail giant that we see today.

2. Mars

The company originally focused on selling chocolates and later on expanded its business towards selling pet food. Their most famous confectionary will be non-other than the popular M&M. The company's wealth stands at a staggering $120 billion.

The company was founded by a man called Franklin Clarence Mars. Surprisingly, half of the company's revenue comes from its pet food sales. Well, at least for now though.

3. Koch

This company at first started out as an oil and gas company in the 1940s and now it is the second biggest company in the US when you're talking about a private company.

Charles and David happened to be the ones responsible for the establishment of Koch industries ever since their father passed away until it became the giant company in the chemical industry that you see today. The company is worth $109.7 billion.

4. Al Saud

Saudi Arabia has been known to be a country rich in oil and gas and it is also well-known that the royal family of Saudi Arabia runs a business in this field and makes huge chunks of money.

 Not just that but prince Mohammed bin Salman is also active in getting involved in investments outside their country making their net worth skyrocket even more. The family is estimated to be worth $95 billion. 

5. Ambani

The Ambani family happens to own India's largest conglomerate company and ever since the death of his parent, the company was split into two different entities owned separately by Mukesh and Anil. The family stands at $83.1 billion.

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The fortunate thing happens to Mukesh as he happens successfully expanded his father's business towards becoming the billionaire that we see today, however, the opposite was experienced by his brother Anil as he nearly lost all his business due to lacking a strategic business plan.

6. Hermès

Someone who just loves luxury items, as well as handbags, will definitely have heard of this brand especially since it is one of the competitors for the famous company that sells designer handbags, Louis Vuitton.

The family is estimated at around $63.9 billion and the company Hermès also sells high-quality and posh handbags among the wealthiest people around the world.

7. Wertheimer

The wealth that has been acquired by this family was from the company channel and it is one of the most luxurious companies in France. The company sells mainly cosmetic products like makeup and perfumes as well as fancy handbags.

The company was founded by Coco Chanel who happens to be a club singer who has a passion for the fashion industry. The family's wealth is roughly $54.4 billion.

8. Johnson

When you think about finances and investment then this company will probably be on one of your lists and not just that but it is also one of the biggest financial advisor companies in the world. The company was started by Edward C. Johnson II who was a lawyer.

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The company manages funds of as much as $2.46 trillion and is one of the earliest to provide the service of mutual funds in the United States. The family owns 25% of the company's shares and the family is valued at $46.3 billion. 

9. Boehringer, Von Baumbach

Medicine is their specialty and it is the biggest private pharmaceutical company in the world. The company mainly focuses on immunology and oncology for cancer treatment.

As of now, it seems that the company is changing its path to focus on food technology for animals. The family is worth $45.7 billion.

10. Albrecht

This family owns Aldi which is the biggest retailer in Germany at the start was founded by two siblings Karl Albrecht and Theo Albrecht. The company was split into two management in 1960 but they still kept on with their core business.

The two split up simply because of a disagreement about selling tobacco products in their supermarket. But now, Aldi has expanded all across Europe and it is considered one of the biggest retailers in that region.

Source: Visual Capitalist

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