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The Gondi family of Florence, financial partners of the Medici family in the 15th century. The Fugger family of mercantile bankers and venture capitalists, the richest family in the 16th century. [61] The Welser family, alongside the Fugger one of the most important families of merchant bankers in 16th-century Europe.
- Bernard Arnault & family. $194.8 B 72 France.
- Jeff Bezos. $193.4 B 57 United States.
- Elon Musk. $153.2 B 49 United States.
- Bill Gates. $126.8 B 65 United States.
Jul 23, 2024 · Summary. • The Rothschild family is estimated to have a net worth of over $400 billion. • The Walton family, heirs to the Walmart empire, is the wealthiest family in the United States. • The Koch family, owners of Koch Industries, is one of the largest privately owned companies in the world. • The Lee family, owners of Samsung, is one ...
- Overview
- Al Nahyan Family
- Walton Family
- Hermès Family
- Mars Family
- Al Thani Family
- Koch Family
- Al Saud Family
- Ambani Family
- Wertheimer Family
Regardless of your financial status, keeping tabs on the ultrarich—whether with admiration, envy, or resentment—is probably more pleasurable and less demanding than researching a
, shopping for online brokers, or studying finance and economics.
The appeal of wealthy families reflects a culture that idolizes wealth and fetishizes the rich. Those in the upper echelons of business are celebrities in many people's eyes, and they are scrutinized for their ability (or failure) to maintain this elite status.
This list is limited to families who originally made their fortunes through business (even if some of the current heirs enjoy the family inheritance without ever having contributed to it.)
At $305 billion, the Al Nahyan family—oil tycoons, politicians, and royalty—is the richest family in the world.
The Waltons are the second richest family in the world with a fortune estimated at $259.7 billion thanks to their massive stake in Walmart (and only recently, in 2023, were usurped by the Al Nahyan family for the top spot.)
The Al Nahyan family, also referred to as the "House of Nahyan," is the richest family in the world. The leader of the family, Sheikh Mohammed bin Zayed Al Nahyan, is the ruler of Abu Dhabi and the President of the United Arab Emirates (UAE). The economy of the UAE (and the finances of its rulers and royal families) has been transformed by the vast oil reserves in the country. Abu Dhabi is one of the richest emirates, and especially oil-rich.
Sheikh Mohamed became the ruler of Abu Dhabi and the President of the UAE in 2022. Before that, his brother, Sheikh Khalifa, was the country's leader from 2004 to 2022. And before that, his father, Sheikh Zayed bin Sultan Al Nahyan, was the President of the country, from its founding in 1971 until 2004, when his son succeeded him.
are the second-richest family in the world. At the top of the value chain, Jim, Rob, and Alice Walton are each worth around $57 billion and ranked No. 19, 20, and 21, respectively, on
' billionaire list as of Dec. 24, 2023.
Walmart is a retail behemoth. Founded by Sam Walton in Arkansas in 1962, Walmart is the world’s largest company by revenues in fiscal year 2022, with $611 billion in revenues and over 2.1 million global associates.
Walmart operates over 10,500 retail stores worldwide and 5,215 stores in the U.S. as of December 24, 2023.
French fashion house and luxury purveyor Hermès has dazzled the world with its signature scarves, neckties, and perfumes, as well as its iconic Kelly and Birkin handbags. Back in the 19th century, Thierry Hermès fashioned riding apparel for the aristocracy.
Today, the company dresses basketball royalty such as LeBron James. Fusing old-school and new technology, Hermès Apple Watches sell for $1,249 and up. Axel Dumas currently serves as the company’s executive director, and Pierre-Alexis Dumas is the artistic executive vice president.
is the Walmart of candy—a multigenerational family business that is ubiquitous and wildly popular. Today, the company is better known for making M&Ms than for its eponymous Mars bar. In 2017, the world’s largest candy company diversified with the purchase of VCA, a pet care company, for $9.1 billion.
Siblings Jacqueline and John Mars, whose grandfather, Frank Mars, founded the company, each have a
of $38.3 billion and are tied for No. 31 on
' list of billionaires as of Dec. 24, 2023. The company is now being run by some of their children, the fourth generation of Mars family members.
Royal Family of Qatar
The Al Thani family has ruled Qatar since the middle of the 19th century. The family's reign has lasted through the founding of modern Qatar, wars, and two coup attempts.
Sheikh Hamad bin Khalifa Al Thani turned Qatar into a major world power during his 18 years in power. (He gained complete power of Qatar by deposing his father in a bloodless coup in 1995. This involved freezing all of his father's assets to prevent any counter-coups.)
The country's natural gas production skyrocketed as a result of mining offshore gas fields and the discovery of untapped oil fields. In 2010, the average income in the country was $86,440 a year per person.
Charles Koch owes his staggering fortune to an oil business founded by his father, but today, he is perhaps better known to the general public for his politics, digging into his deep pockets to place his stamp on it—financing candidates and libertarian think tanks, funding university professorships, and lobbying for policy positions, all aimed at furthering a conservative agenda.
Charles partnered with his brother David until the latter died in 2019. Charles is worth an estimated $59 billion, ranked No. 17 on the
The House of Saud, the Saudi royal family, has a monarchical history extending back nearly a century. The family’s massive fortune, estimated at $112 billion, has grown thanks to decades of payments from the Royal Diwan, the king’s executive office.
, one of the world’s most profitable companies and a behemoth of the oil industry, ensure that the Saudi royal family continues to accumulate wealth. It’s difficult to accurately assess the wealth of the House of Saud, in part because the family contains as many as 15,000 extended members, many of whom have founded businesses, received government contracts, and more.
Indian industrial conglomerate Reliance Industries, the only Asian company on our list, might be the least well-known to average readers.
, whose late father founded the company in 1957, is ninth on
French high-fashion house Chanel is legendary for the timeless “little black dress,” the No.5 perfume, and the late high-profile designer Karl Lagerfeld, who died on Feb. 19, 2019.
Brothers Alain and Gerhard Wertheimer now co-own the company that their grandfather staked with founder Gabrielle Coco Chanel. The brothers are both ranked 41st on the
1 day ago · As of October 16, 2024, 6:02 PM EDT. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on ...
Sep 3, 2020 · The World’s Richest Families in 2020. The COVID-19 pandemic hasn’t stopped the world’s wealthiest families from growing their fortunes. Over the past year, the richest family—the Waltons—grew their wealth by $25 billion, or almost $3 million per hour. This graphic, using data from Bloomberg, ranks the 25 most wealthy families in the ...
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Sep 17, 2021 · 1898: James M. Cox, 28, borrows $26,000 from friends and family to purchase the Dayton Evening News in Ohio. 1957: Jim Cox Jr. takes over the company after his father's death. 1988: Jim Kennedy ...
