The allure of wealthy families is a reflection of a society that idolizes riches and the wealthy. The top tier of business executives is seen as celebrities and judged on their prowess in sports, acting, and politics. Whatever your financial situation, monitoring the super-wealthy with adoration, envy, or resentment—is undoubtedly more enjoyable and less time-consuming than looking into mortgages, looking for internet brokers, or learning finance and economics.
So here is the list of some of the most influential wealthy families in the world here:
1. Walton family
The Walton family is very much American and is one of the wealthiest families in the country because of their combined fortune from Walmart. Since 2001, the three most notable members have constantly been included in the top twenty of the Forbes 400 list, as did John and Helen before they passed away. Following John Walton’s passing, Christy Walton assumed his position on the list.
The Walton ancestry, which includes Walmart co-founders Bud and Sam Walton, makes up the majority of the family’s wealth. With little more than 2.2 million people, Walmart ranks as the largest private employer in the world, one of the largest businesses in terms of yearly sales, and the largest retailer in the world.
2. Mars family
The name-brand candy company Mars, Inc. is owned by the American Mars family and is one of the wealthiest families in the country. The family was named by Fortune magazine as the wealthiest in the USA in 1988. According to Forbes, the three kids of Forrest Mars had a combined net worth of $11 billion, standing for 52nd place among some of the world’s wealthiest individuals in March 2010.
Forrest Mars Jr., one of these sons, passed away in 2016, and his four daughters received his riches; as of 2019, three of them were employed by the business. The family members’ combined private wealth was projected to be approximately $126 billion as of April 2020, making them one of the wealthiest families in the world.
3. Koch family
The Koch family one of the wealthiest families in the country is a prominent corporate family that is best known for their involvement in politics and ownership of Koch Industries, the second-largest privately held company in the US. Fred C. Koch founded the family firm after creating a novel cracking technique for turning heavy crude oil into gasoline.
Charles Koch and David Koch, also known as the Koch brothers part of one of the wealthiest families in the country, were both the only sons of Fred Koch who were still working for Koch Industries as of 2019. Charles and David Koch invested their financial resources in television & multi-media advertising while establishing a structure of libertarian and conservative contributors.
4. House of Saud
The Saudi Arabian royal family in power known as the House of Saud is one of the wealthiest families in the country. Although the dominant side of the family is primarily led by the ancestors of Abdulaziz bin Abdul Rahman, it is made up of the successors of Muhammad bin Saud, the founder of the Emirate of Diriyah, sometimes known as the First Saudi Kingdom, and his brothers.
The Saudi Arabian monarchy was set up so that each of Abdulaziz’s sons would succeed to the throne. The present monarch, King Salman, first chose his nephew Muhammad bin Nayef to succeed his brother Muqrin as crown prince. Before 2006, when a royal decree said that future Saudi monarchs are to be selected by a committee of Saudi princes, the kingdom was hereditary through agnatic seniority.
5. Ambani family
In 1958, Dhirubhai Ambani came back to India. Together with his cousin Champaklal, he founded the textile company “Majin”. In the past, Majin imported polyester and exported items like spices plus rayon to Yamen. Dhirubhai Ambani and Champaklal’s partnership dissolved in 1956. It was thought that the reason their collaboration didn’t work out well was that both had different perspectives on how to run a firm.
Ambani had strong marketing skills, was seen as a risk-taker, and thought that increasing inventories would increase income. He founded a business in 1966 under the name Reliance Commercial Corporation, which was later renamed Reliance Industries and also become one of the wealthiest families in the country.
6. Wertheimer family
Since their father, Jacques Wertheimer, passed away in 1974, Alain and Gerard Wertheimer became the co-owners of the Chanel company. Chanel’s president is Alain, and Gerard is in charge of the watch department. During the period, Chanel as a brand had all but disappeared, leaving just the perfume line offered in official stores and pharmacies.
Alain, who has been dubbed a “marketing genius,” understood how to make the best of Lagerfeld’s creations to establish a prestigious fashion image, popularising the Chanel brand not only among elite circles but also throughout the rest of the world. Alain quickly revived the classy fashion house whilst also expanding the ready-to-wear section and re-establishing market share to open the way for the luxury perfume sector.
7. Johnson family
One of the biggest financial services companies in the world, Fidelity Investments was established by Edward C. Johnson II in 1946 and offers investment services to millions of clients. Abigail Johnson, Johnson’s granddaughter, is currently in charge of the company. Abigail Johnson with a net worth of $21.2 billion, is ranked 75th on Forbes’ list of the world’s wealthiest people and also one of the wealthiest families in the country.
8. Thomson family
Roy Thomson’s media and publishing enterprise is currently run by David Thomson and his family one of the wealthiest families in the country. Over 320 million stocks of Thomson Reuters, wherein Thomson is chairman, are the family’s largest holding. In 2018, Thomson Reuters announced that it would pay Blackstone $17 billion to acquire the controlling interest in financial data company Refinitiv. The family also owns a part in Bell Canada, a major player in the telecom industry, as well as the Globe and Mail, a newspaper based in Toronto.
9. Boehringer family
Among the top 20 pharmaceutical corporations in the world and the second-largest in Germany is the Boehringer Ingelheim group also one of the wealthiest families in the country. Albert Boehringer began the family business by purchasing a small tartar manufacturer in Germany in 1885. After his father, Christoph Heinrich Boehringer, Albert renamed the business C.H. Boehringer Sohn in 1893.
Lactic acid is created in 1893 as scientists are experimenting with the synthesis of citric acid. Albert created this procedure to manufacture lactic acid more widely. The firm produced lactic acid on an industrial scale within two years, making the Boehringer family extremely successful and wealthy.
10. Duncan family
The former Dan Duncan cofounded the 1968 pipeline behemoth Enterprise Product Partners, and the Duncan family currently owns around one-third of the company’s stock also one of the wealthiest families in the country.
Dan was reared by his grandmother in a small Texas community after grieving his mother at the age of 7 before finding financial success in pipelines. Dan left a $10 billion estate to his children Scott Duncan, Danny Duncan Avara, Milane Frantz, and Randa Duncan Williams when he passed away in 2010.
Ever since the family’s wealth has nearly doubled as a result of growing stock prices and significant dividend payments. The only child of Dan that has a position within the business is Randa, who has been the board chairman since 2013.
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