‘The richest in the world’ is one of those lists that even common people along with business enthusiasts and investors always have an eye on. Here is the list of the richest families in the world in 2021.
It is very human nature to track people who are on the top, sometimes with admiration and other times for information. We always seek to have a check on the best of our desirable fields and businesses. Although, people are usually very obvious of the richest individuals in the world as they have become very household names from Jeff Bezos to Elon Musk or Bill Gates.But what’s better is if you have your family in the business using that trade gene right. In this post, let’s see who are the richest families in the world right now.
Business is a genre that has run on hierarchy since ancient times. While there has been major separation among families due to money reasons, there are some families which stick together in this money-making business together and alone.
Family businesses are rather more successful and stable due to a shared set of responsibilities and belonging towards the heritage of it. With all the huge numbers, the readers and spectators always have an eye on the royal living and high-class net worth of business families.
Let’s move on to the List of the 10 Richest Families in the world right now-
1. Walton Family
Estimated Wealth: $215 Billion
The Waltons are the owners of the largest retail store chain in the world namely “Walmart”, with more than 10,500 stores around the world. They are the richest business family in the world owning 48% of the retailer’s stock. Walmart is so big of a retail store chain that there’s no home in America not buying daily necessities from them directly or indirectly.
It all started with Sam Walton buying his first store in 1945 and since then the Waltons have seen a generational hierarchy of being the best in the business. Walmart has generated its peak revenue with sales of nearly $560 billion in the stores worldwide. Improving a well-said phrase we can say for the Waltons, “A family that trades together, earns together.”
2. Mars Family
Estimated Wealth: $140 Billion
Mars is in the business of multi-generational candy making. A business that seems as common as candies are equally popular across every corner of the world. They own the company “Mars” which makes highly acclaimed candy brands including very popular M&Ms, Milky Way and Snickers.
Although, half of the company’s revenue comes from pet-care products made by the company. The legacy of Mars started when Frank Mars started selling candies in 1902 and since then, the biggest candy-making company is held closely among the family ensuring success.
3. Koch Family
Estimated Wealth: $120 Billion
The Koch Family are the industrial elites who own the Koch Industries, which is a Conglomerate company. They deal with multiple business entities including necessities, mineral processing, fertilisers and refining oils also having subsidiaries in trading and investments. Fred Koch’s oil firm was inherited by his 4 sons which later on went through a fraternal feud in the 1980s which led Frederick and William to leave the family business while Charles and David stayed to take this family business further.
The duo took the company into a conglomerate with annual revenue of about $115 billion. After the death of David Koch’s death, his part of the company is handled by his wife Julia Koch. While Charles Koch continues to head the Koch Industries on his part.
4. Dumas Family
Estimated Wealth: $112 Billion
The Dumas own a six-generational family business dealing with luxury goods. The French luxury fashion brand ‘Hermès’ owned by the Dumas family has a large legacy of success in the luxury goods business very famous for its Birkin handbags, which cost a whopping hundred of thousands of dollars, satisfying the luxury status both ways.
Famous for its artistic précisions, the company is headed by Axel Dumas as the CEO and Pierre-Alexis Dumas as the artistic director. The company’s evident art has been the fusion of classic stuff onto new world technologies, for example, the Hermès Apple Watches that come for nothing less than a thousand and a half dollars.
5. Al-Saud Family
Estimated Wealth: $100 Billion
The Saudi Royal Family, very evident by their name, have a century-long legacy of royal status with a monarchical history. The $100 billion of net worth mainly comes from the nation’s oil reserves which have been a never going fortune since the oil boom. The extended royal family members can be numbered around no less than 1500 and have firm control over the government of Saudi Arabia.
Saudi Aramco, the world’s most profitable company, is owned by the Al-Saud family which controls the land and oil industries. Crown Prince of Saudi Arabia, Mohammad bin Salman is currently the head of all the assets, although he has a net worth of more than a billion dollars by himself. The royal family lives the royal life effortlessly, as they should.
6. The Ambani Family
Estimated Wealth: $ 93.7 Billion
The Indian elites who own the conglomerate Reliance Industries, live as big as anyone can aspire. The Ambani Family have their trade roots from oil refineries, petroleum, daily necessities, telecommunications to power industries and whatnot. Established by Dhirubhai Ambani, Reliance Industries surged to the skies under the leadership of Mukesh Ambani.
He lives in a 27-storey mansion that is said to be the most equipped and expensive private residence in the whole world. The Ambani Family also holds decent shares in Indian sports with being the title sponsor of many teams and tournaments. In short, the Ambanis own many things and all of them.
7. Wertheimer Family
Estimated Wealth: $ 61.8 Billion
The Wertheimer Family owns the very famous and expensive brand of Chanel. Headed by Alain and Gerard Wertheimer, Chanel is the result of their grandfather’s foundation of this brand with Coco Chanel back in the Paris of 1920s.
They serve fashion to the world in its most elite form. They introduced the “little black dress” to the world which only added glory to their brand value. They made nearly $10.1 billion in 2020 only. The Wertheimers also own race horses and vineyards which is no less than the businesses of the richest families in the world.
8. Johnson Family
Estimated Wealth: $61.2 Billion
Johnson Family owns Fidelity Investments which is one of the largest financial services companies in the world. This mutual-fund empire was established by Edward C. Johnson II back in 1946 in Boston which is now run by his granddaughter Abigail.
The firm has been closely held by the family and deals with mutual funds, ratio funds and building a digital asset arm. Fidelity Investments provide financial aid to more than a million people.
9. Thomson Family
Estimated Wealth: $61 Billion
Thomson Family holds multi-generational ownership of the Thomson Reuters company which is the richest family in Canada. Thomson Reuters deals with radio, newspapers and the media industry mainly. The family also has extended holds on about two-thirds stake in Thomson Reuters through the investment firm Woodbridge.
It all started with the Ontario radio station started by Roy Thomson in the early 1930s and since then they have emerged to be the media giants. The recent figures of the company suggest $6 billion of revenue only last year. The Thomson family are those few families which held their business close and firm for a long time now.
10. Boehringer, von Baumbach Families
Estimated Wealth: $59 Billion
The family owns ‘Boehringer Ingelheim’ which is a German pharmaceutical giant with a huge history of more than 130 years in the pharma fields. The company is held closely in the family with Hubertus von Baumbach as the Chairman.
The pharmaceutical company has its ownership shared among the Boehringer, Liebrecht and von Baumbach families coming together to top the list of the richest families in the world.