Mapping The Richest Families In The World



To put the Waltons’ one-year, $23 billion bump in wealth into perspective, Bloombergestimates the net worthof Walmart heir Lukas Walton at $22 billion. Many actors and actresses have amassed fortunes that most people can only conceive, despite the fact that they are just... RediffmailThe precursor of today’s Reliance Industries was started by Dhirubhai Ambani, father of Anil and Mukesh Ambani. House Of SaudCrown Prince Mohammed bin Salman, who is the son of the seventh monarch of Saudi Arabia has an individual net worth of more than $1 billion. Celebrity Net WorthThe duo then transformed the business into Koch Industries, a conglomerate with annual revenue of about $115 billion.

In this infographic, we break down all $94 trillion of global GDP by country. The assets are typically accumulated through donations, and withdrawals are made frequently to fund various parts of operations, including critical ones like research. Private equity and venture capital are groups that invest in private companies. Venture capital is technically a form of PE but tends to invest in new startup companies while private equity goes for more stable and mature companies with predictable cash flow patterns. Mutual funds, ETFs, and hedge funds all generally invest in public markets.

Today he is worth some $34.2 billion (£25.1bn), while his mother Maria Franca Fissolo (pictured here with him at Michele's funeral) has a fortune of $2.1 billion (£1.5bn). Brunei's royal dynasty, the House of Bolkiah, was formed in 1363 and has ruled the southeast Asian country on and off ever since. Headed by Sultan Hassanal Bolkiah , the family has become rich thanks to Brunei's vast reserves of oil. The Safra surname means 'yellow' or 'gold' in Arabic, a suitable moniker for a family that have been involved in banking and gold trading since Ottoman times. Syria-born banker Joseph Safra founded his eponymous bank in Beirut in 1920, moving operations to Brazil during the 1950s, and went on to establish incredibly successful banks in Switzerland and the US. At his death, he had a fortune of around $19.9 billion (£14.5bn) but his wife Vicky and four children inherited 'just' $7 billion (£5.1bn).

According to a ranking by Bloomberg, three American families top the ranking of the world’s wealthiest. The top 2 – The Waltons and the Mars family – deal in consumer goods, while the Kochs in rank 3 are more of an industrialist clan. The Walton family’s assets come to $238 billion, while the Mars family made a fortune of $142 billion from their empire of brands such as Milky Way, Snickers, M&M's, Twix and Wrigley chewing gum. The Waltons are the richest family on the list by far, with a net worth of $215 billion—that’s $95 billion more than the second wealthiest family. Following her husband John’s death, Christy Walton assumed his place in the rankings. Bud and Sam Walton, the co-founders of Walmart, are responsible for the majority of the family’s wealth.

Dan serves as chairman and CEO, while Bubba is executive vice president. Gary Rollins, Wayne’s son, presides over the family business as CEO and chairman. The family now owns about 53% of Rollins Inc., along with stakes in oil-and-gas company RPC Inc. and boat dealer Marine Products Corp. They have ties with Saudi Aramco, which is the world’s most profitable company and is the biggest oil company in the oil industry.

A newcomer powerful families to Bloomberg’s list this year is the Al Saud royal family of Saudi Arabia. Since last year's wealthiest families report — published in June — the Waltons of Walmart have increased their fortune $39 billion to reach a total of $191 billion, as they are still the richest family in the world. According to Bloomberg's most recent financial report, the Waltons rake in an insane $70,000 per minute, $4 million per hour, and $100 million per day.

Ahead of her are brothers Jim ($63.7 billion, No. 17 worldwide) and Rob ($63.3 billion, No. 18 worldwide). Descendants of Sam and his brother, Bud, control more than 1.3 billion shares of Walmart stock either directly or through family trusts, Bloomberg says. Even though the Waltons have liquidated $6 billion in Walmart stock this year, they’re now worth more in 2021 than they were in 2020. This list of ‘richest families of the world’ shows the rising global inequality of wealth in the world.

The Koch family is one of the most political, American families engaged in business, and they control the Koch Industries. The Koch Industries is the second-largest privately owned company in the United States. The family business was started by Fred C. Koch, and he founded the oil refinery firm back then, which later became Koch Industries. Later after his death in 1967, Fred’s four sons litigated against each other in the 1980s and 1990s.

Bill (pictured left with his twin David; they eventually healed the rift) and Frederick, on the other hand, were worth substantially less. David and Frederick both passed away recently, with David leaving control of the company to his brother Charles. So there you have it,12 of the world’s wealthiest families, all of whom are still creating money and increasing their fortunes. The company was founded in 1946 and is now one of the world’s largest asset managers, with $4.9 trillion in assets under management and a total customer asset value of $8.3 trillion as of June 2020. Johnson’s granddaughter, Abigail Johnson, who is ranked 124th on the Forbes billionaires list with a net worth of $10.8 billion, now runs the company.

The combined net worth of the five generations of the families fell more than that of any other family on this ranking —$16 billion — per Bloomberg. The Quandt family is Germany's wealthiest family, thanks to their nearly 50% stake in luxury vehicle maker BMW. They also have stakes in Logwin, a German logistics company, and Gemalto, a security software company. The Koch family’s fortune dropped by $15 billion from 2019 to 2020, and the current political climate in Hong Kong has had a negative impact on the Kwok family’s real estate empire. The Scudder Family,John Pitman, Chandrani Ghosh, David Armstrong, The Dynasties, Forbes, 28 February 2002.

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