Richest Families In The World

ByAgkidzone Staff

Updated: Nov 15, 2024

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While many tech billionaires grab headlines for their quick rise to riches, there’s something fascinating about family dynasties that have built and maintained their fortunes over generations. Some of these families started with a unique idea or strong business skills that turned into empires. Curious about who’s behind some of the most famous brands? Let’s take a look at the world’s richest families and their lasting legacies.

The Waltons – $175 Billion

Sam Walton began his journey in 1950 by opening a discount store in Bentonville, Arkansas. Fast forward to today, and Walmart stands as the world’s largest retailer, boasting revenues over $500 billion. The Walton family, still at the helm of this retail giant, also channels their wealth into charitable endeavors through the Walton Family Foundation.

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The Mars Family – $90 Billion

This legacy is truly sweet. The Mars family oversees Mars, Inc., the world’s largest candy company known for treats like M&Ms and Twix. Despite their success, the Mars family remains notably private, with siblings John and Jacqueline Mars frequently appearing on Forbes’ rich lists. Their net worth? A cool $90 billion.

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The Koch Brothers – $99 Billion

Fred Koch, a chemical engineer, laid the foundation for Koch Industries, which was inherited by his sons, Charles and David. From oil refineries to a multinational corporation with revenues exceeding $100 billion, the Koch family’s influence extends beyond business into American politics. Although David Koch passed away in 2019, his legacy continues through his family and brother Charles.

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The House of Saud – $1.4 Trillion

The Al Saud family has a staggering net worth, thanks to their control over Saudi Arabia and its oil reserves. Their fortune is tied to Aramco, the Saudi Arabian Oil Company, which pulls in revenues exceeding $350 billion. Crown Prince Mohammad bin Salman has taken steps to modernize the nation, steering it toward a future that leans less on oil and more on sustainability.

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The Wertheimer Family – $41 Billion

The Wertheimer name may not be as recognizable as Chanel, but they are the powerhouse behind the luxury brand. Brothers Gerard and Alain Wertheimer inherited the business from their grandfather, Pierre Wertheimer, who co-founded Chanel with Coco Chanel herself. Today, the brand thrives as a multibillion-dollar empire in fashion, perfumes, and accessories.

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The Dumas Family – $49 Billion

Another fashion dynasty, the Dumas family, owns Hermès, which began nearly 200 years ago when Thierry Hermès crafted garments for the equestrian elite. Over time, the family expanded the brand to include luxury fashion items beloved by celebrities. Hermès continues to set trends and maintain its status as a leader in luxury goods.

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The Van Damme, De Spoelberch, and De Mevius Families – $54 Billion

These Belgian families have roots in beer brewing that date back more than 500 years. They mastered the craft and grew their operations, acquiring Artois and later the American company Anheuser-Busch. Today, the families own Anheuser-Busch InBev, the world’s largest brewer, which generates revenues exceeding $50 billion annually.

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The Boehringer and Von Baumbach Families – $52 Billion

Though not widely recognized by name, the Boehringer and Von Baumbach families have led Boehringer Ingelheim, a German pharmaceutical company, for over a century. This company has been at the forefront of medical breakthroughs, producing treatments for diseases like HIV and cancer. Their combined fortune is estimated at over $50 billion.

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The Ambani Family – $56 Billion

The Ambanis are a household name in India, with Mukesh and Anil Ambani leading their conglomerates. Mukesh’s Reliance Industries began as Reliance Commercial Corp and has grown to include interests in finance, defense, and media. The family’s collective wealth makes them one of the richest in South Asia.

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The Cargill and MacMillan Families – $42 Billion

Not every wealthy family seeks the spotlight, and the Cargill and MacMillan families are prime examples. They control Cargill, Inc., one of the largest private companies in the U.S., dealing in commodities and agriculture. Philanthropic efforts by members like Muffy MacMillan have also gained recognition.

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