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Which Are The Wealthiest Families In The World In 2024?

Finance BY upasana Dec 12, 2023
Which Are The Wealthiest Families In The World In 2024?

Who wouldn’t want to be rich? It is still a dream for a lot of us to drive a Maserati and carry an exclusive Birkin at work. However, I don’t see mine coming true anytime soon. No matter where your financial status stands now, looking out for the wealthiest families in the world is one of the most pleasurable things one can do. It can be out of envy, admiration, or resentment; one would preferably look around for these families rather than shopping for online brokers, looking for mortgages, or studying economics and finance.

The appeal that the wealthy families have reflects not only fetishes wealth but also lionizes the rich. The upper giants of business are generally known to be celebrities. They are always under scrutiny because of their ability to perform like actors, athletes, and politicians.

Most of the successful businesses offer universal appeal. There is very little chance for a lot of us to become billionaires. But all of us have a family. What is more, family business implies the value of tradition, authenticity, heritage, quality, and lineage. Moreover, wealthy families are an incarnation of royalty, mainly if they have their wealth passed down through generations.

In this article, we have simplified and listed down some of the wealthiest families in the world. These are the folks who initially gathered their wealth through family businesses. They also have some of the heirs who enjoy the fortune without having to participate in the business.

Key Takeaways   

  • At $224.5 billion, we have the Walton family. They are the richest family in the world. The major portion of their fortune comes from their huge stake at Walmart. It is the largest company in the world in terms of revenue.
  • The fourth generation of the Mars family recently runs the infamous Mars chocolate company. They are the second wealthiest family with $160 billion in fortune.
  • Though the estimation counts to be $105 billion, it is difficult to assess the exact worth of the House of Saud. This is because of the huge portion of the royal family.
  • By focusing mainly on the families, this list will not include the richest people in the world, such as Elon Musk or Jeff Bezos.

The Walton Family   

The Walton Family

With an estimated worth of $224.5 billion, the owners of Walmart are one of the wealthiest families in the world. At the very top of the value chain are Rob, Jim, and Alice Walton. Each of them has a worth of around $58 billion. According to Forbes, they have their names on the billionaire list for 2023.

Walmart is one of the retail giants in the whole world. Sam Walton found it back in 1962 in Arkansas. The company has some of the highest revenues in 2022, with an amount of $611 billion. The company also has more than 2.1 billion associates globally.

The Mars Family   

The Mars Family

With an estimation of $160 billion, these folks are the owners of Mars Incorporated. Mars is a lot like Walmart but for candies. Mars is a multigenerational business that is omnipresent and extremely popular. Today, the company is more popular for making M&Ms than its signature Mars bar.

Siblings John Mars and Jacqueline Mars are now the owners of the company. It was originally founded by their grandfather, Frank Marks. Each of the siblings has a net worth of $38.3 billion. They share the 31st position on the Forbes billionaire list.

The Koch Family  

The Koch Family

The Koch family is one of the wealthiest families in the world and has an estimated worth of $128.8 billion. At present, Charles Koch owns the immense fortune of the family’s own business, which was originally established by his father.

Charles had a partnership with his brother, David Koch until David passed away back in 2019. Currently, Charles has an estimated net worth of $54 billion and holds the 17th position on the Forbes billionaires list.

Al Saud Family   

Al Saud Family- Wealthiest Families in the World

The House of Saud, or the Saudi royal family, has an estimated worth of around $105 billion. They also have a monarchical history that dates back to approximately a century. The massive fortune of the family has grown over the years. For this, a big thanks should be given to the years of payments they received from the Royal Diwan. It is the executive office of the king.

The Hermes Family   

The Hermes Family

This is the one family that needs no introduction. With an estimation of $94.6 billion, the French fashion house Hermes has kept the world on its toes with its neckties, scarves, and perfumes. Also, can anyone ever mention Hermes and forget about their iconic Birkin bags?

Today, the brand has been dressing up the basketball royalty LeBron James. Axel Dumas is the recent executive director for the company, with Perrie-Alexix Dumas serving as the artistic executive vice president.

The Ambani Family   

The Ambani Family- Wealthiest Families in the World

The Ambani family is one of the wealthiest families in the world and the wealthiest family in India. They have an estimated worth of $84.6 billion and are the owner of Reliance Industries.

The company was established by Dhirubhai Ambani, who is the father of Mukesh Ambani, the current CEO. The man ranks 9th on the Forbes billionaires list with an estimated net worth of $83.4 billion.

The Wertheimer Family   

The Wertheimer Family

This family is the owner of the high-end fashion house Chanel. The brand is legendary for introducing the “little black dress” and the No. 5 perfume. The late designer Karl Lagerfeld was also associated with the brand till his death on 19th February 2019.

The company, which was originally staked by their grandfather with founder Gabrielle Coco Chanel, is now owned by the brothers Gerhard Wertheimer and Alain Wertheimer. Each of them has a net worth of $31.6 billion and shares the 41st rank on the Forbes billionaires list.

The Cargill, MacMillan Family   

Cargill is one of the biggest and most successful agricultural brands in the whole world. It was an initiative by William W. Cargill who established a commodities business with a grain storing warehouse in 1865 in Iowa.

At present, the descendants of William W. Cargill and his son-in-law, John H. MacMillan, look after the company. Hence, the company has the conjoined name of both families.

The Thomson Family   

With an estimation of %53.9 billion, the Thomson family receives its wealth from the news agency Thomson Reuters. The business was established by Roy Thomson in the 1930s.

At present, David Thomson, the grandson of Roy Thomson, holds the position of chairman of Thomson Group. With a net worth of $54.5 billion, he comes 22nd on the Forbes list of billionaires.

The Hoffmann, Oeri Family   

The owners of Roche, the popular Swiss pharmaceutical company which was established by Fritz Hoffmann-La Roche in 1896, this family has a net worth of $45.1 billion. The revenue of the company comes from its oncology drugs.

The Bottom Line   

These were some of the wealthiest families in the world. All of these people have wealth that flows down from one generation to the other. So much so that there are members of the family who do not even have to take part in the family business to enjoy the fortunes it offers.

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Upasana is a budding journalist who has a keen interest in writing. She considers writing as therapeutic and is most confident when she writes. She is passionate about music, movies and fashion. She writes in a way that connects with the audience in a personal level. She is optimistic, fun loving and opinionated.

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