Top 10 Wealthiest Families in the World

Top 8 Wealthiest Families in the World

  1. Walton Family

Estimated Wealth: $238 billion

Company: Walmart

The Waltons are the richest family in America—and, by some measures, the wealthiest in the world. At the top of the value chain, in 2021, Alice, Jim, and Rob Walton are each worth $60 billion and ranked No. 17, 18, and 19, respectively, on Forbes’ billionaire list.2

Walmart is a retail behemoth. Founded by Sam Walton in Arkansas in 1962, Walmart is now the world’s largest company by 2021 revenues, with $524 billion and over 2.2 million U.S. associates.34

If Walmart employees comprised their own city, it would be the fifth most populous American city. The company operates nearly 10,566 retail stores worldwide and 4,742 stores in the U.S. as of February 2022.56

Best known for big-box stores in rural and suburban America, Walmart is celebrated for its low-priced products and criticized for its labor practices.78 The company failed to bring its big-box consumer lifestyle to New York City, unlike its competitor, Target.9

  1. Mars Family

Estimated Wealth: $142 billion

Company: Mars

Mars 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.10

Siblings Jacqueline and John Mars, whose grandfather, Frank Mars, founded the company, each has a net worth of $31 billion and are tied for No. 48 on Forbes’ list of billionaires.2 The company is now being run by some of their children, the fourth generation of Mars family members.11

  1. Koch Family

Estimated Wealth: $124 billion

Company: Koch Industries

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.1213

Charles partnered with his brother David until the latter’s death in 2019.14 Charles is worth an estimated $46 billion, tied for the 27th spot with David’s widow Julia Koch and family on Forbes billionaires list.2

  1. Hermès Family

Estimated Wealth: $112 billion

Company: Hermès

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.15161718 Back in the 19th century, Thierry Hermès fashioned riding apparel for the aristocracy.19

Today, the company dresses basketball royalty such as LeBron James.20 Fusing old-school and new technology, Hermès Apple Watches sell for $1,300 to $2,000 and up.21

Axel Dumas currently serves as the company’s CEO and chair, and Pierre-Alexis Dumas is the artistic director.22

  1. Al Saud

Estimated Wealth: $100 billion

Company: Saudi Royal Family

The House of Saud, the Saudi royal family, has a monarchical history extending back nearly a century. The family’s massive fortune, estimated at $100 billion, has grown thanks to decades of payments from the Royal Diwan, the king’s executive office.

 

Ties with Saudi Aramco, the world’s most profitable company 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.1

  1. Ambani Family

Estimated Wealth: $94 billion

Company: Reliance Industries

Indian industrial conglomerate Reliance Industries, the only Asian company on our list, might be the least well known to average readers. Nevertheless, CEO Mukesh Ambani, whose late father founded the company in 1957, is 10th on Forbes’ billionaires’ list, overseeing the company’s refining, petrochemicals, oil, gas, and textiles; his brother, Anil, manages telecommunications, asset management, entertainment, and power generation.23224

  1. Wertheimer Family

Estimated Wealth: $62 billion

Company: Chanel

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, 2019.2526

Brothers Alain and Gerhard Wertheimer now co-own the company that their grandfather staked with founder Gabrielle Coco Chanel.27 The brothers are both ranked 41st on the Forbes billionaires list, with a net worth of $35 billion each.2

  1. Johnson Family

Estimated Wealth: $610 billion

Company: Fidelity Investments

Fidelity Investments was founded by Edward C. Johnson II in 1946 and is one of the largest financial services firms in the world, providing investment services to millions of people.28

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