Have you ever wondered about the world's wealthiest families? According to a recent report, the top 25 wealthiest families govern approximately $1.4 trillion of the world's total wealth. How much do you know about the richest families in the world 2020?
Prosperous families offer universal appeal, and only a fraction of people become billionaires. A family business stands for values of authenticity, heritage, traditional history, and lineage. Below are the top 25 richest families in the world and their net worth.
1. Walton family
Walton family is the most affluent family in America and consequently the world's wealthiest clan. Forbes' yearly billionaire's list refers to the family's brand as a retail behemoth.
According to Forbes, the Walton family net worth is about $ 190.5 billion. This wealth is accumulated from 12,000 Walmart stores worldwide, which make it the richest family in the world. They have made several charitable donations. Apart from this, the Waltons have a foundation whose significant role is to provide education.
2. Mars family
Their wealth is driven from the Mars Company located in McLean, Virginia, and it has an approximated net worth of $126.5 billion. It was founded by Frank Mars as a chocolate factory in the Netherlands back in 1963.
3. The Koch family
It drives its wealth from the Koch industries located in Kansas, USA. Its net worth is about $124.5 billion.
Their then manager, David Koch, started the Koch Charitable Foundation, which has donated approximately $200 million in support of diverse causes, including medical research and science.
4. Saudi royals
The royals' wealth is attributed to political power. With about fifteen thousand extended families, the royals' net worth is $100 billion.
The Arabian Prince, Alwaleed, has continuously been donating billions of money to help the poor across the world.
5. The Wertheimers
The Chanel powerhouse was founded in the 1920s in Paris by the Wertheimer family. They have a net worth of $52.6 billion. The siblings own the fashion house that is said to have introduced the little black dress.
6. Dumas Hermes
This family owns a well-known business label, Hermes Company. The French luxury and fashion house has dazzled the world with iconic handbags, perfumes, and signature scarves. Its net worth is estimated to be $53.1 billion.
7. Van Damme, De Mevius, De Spoelberch Families
These are a combination of three families operating under one company name called Anheuser- Busch InBev. It is a brewery business in Belgium with a beverage history dated five decades ago. Today, their estimated net worth is $52.9 billion.
8. Boehringer Von Baumbach families
They run a German-based pharmaceuticals company. The Boehringer merged with Baumbach's and have remained in control for many generations. The business net worth today has grown to $51.9 billion.
The reliance industry, which is located in Mumbai, India, is the only Asian company in the top 25 richest family companies in the world. The company runs under Mukesh Ambani, the CEO.
It deals in oil, gas, petrochemicals refining as well as in textile services. Currently, the company's net worth is around $50.4 billion, and it is the world's largest oil refining complex..
10. Cargills and MacMillans
This American agricultural industry is run by 6th generation owners. The company was founded 150 years ago, and its current net worth is $42.9 billion.
The company has a foundation that gives support to nonprofit organizations across the community in Minneapolis.
Thomson Reuters is a Canadian media business of the early 1930s that started out as a radio station. Its current net worth is $39.1 billion. The Reuters wraps up the top 10 richest families in the world.
The Hong Kong-based business operates under Hung Kai Properties and leads in property development. Its net worth is $38 billion.
The Bangkok based business operates under the name Charoen Pokphand Company Group, and it deals with telecom units. Charoen wealth is estimated to be $37.9 billion.
This family runs the Fidelity investment in Boston. It was a company founded in 1946 as a management and research institute. It is estimated to be worth $37.4 billion.
15. The cox family
Cox Enterprises is a communication industry with a revenue of approximately $21 billion. Its communication division comes as third-largest in the U.S. among cable companies.
16. The Quandts
They own one of the current world's largest manufacturers of luxury vehicles. It is worth $35 billion.
They are in Chicago, and they operate under the business name Hyatt Hotels. They are worth $ 33.7 billion.
This French family operates under the business name Auchan company, and it is worth $33.1 billion.
19. The Johnson SC family
They reside in Racine, and they operate under the business name SC Johnson Company. They are worth $33 billion.
They operate in Germany under the business name Aldi Company limited. They are worth $32.6 billion.
21. Rausing Family
They are based in London, and they operate under the business name Tetra Laval. They are worth $32.5 billion.
22. Hartono Family
This Indonesian family operates under the business name Bank Central Asia. They are worth $32.4 billion.
23. The Lauders
They own a beauty company based in New York, and they operate under the business name Estee Lauder. They are worth $ 32.3 billion.
They are based in Basel operating, and they operate under the business name Roche Company limited. They are worth $31.3 billion.
25. Ferrero family
This Italian family operates under their chocolatier business name Ferrero, and they are worth $29.8 billion.
Frequently asked questions
Below are answers to some of the most asked questions about the wealthiest families in the world.
Is the Rothschild family the richest in the world?
The Rothschild family tops the richest families in the world's Jewish category. They established a banking business in the early 1760s, which has since spread across entire Europe.
The Rothschild family net worth at some point topped the list of the wealthiest families. However, it remains one of the most famous families. The Rothschild net worth of $350 billion has since been disputed.
What is the net worth of the Rockeffeller family?
The standard Oil founders of the 1870s control about 70% of the oil refining business in the United States, making John Rockefeller one of the richest men. The Rockefeller net worth is approximately $11 billion.
What is the richest family in the world 2020?
According to Forbes, the Walton family is the world’s richest family.
How many trillionaires are there in the world?
There are no trillionaires in the world. However, the world richest billionaire and the owner of the multi-billion company, Amazon, Jeff Bezos is usually awarded this title as the world believes he will one day achieve it before anyone else. His net worth is approximately $121.1 billion.
That concludes the world’s richest families in the world Forbes list. The wealth is attributed to business and power. The dynasties play a vital role in elevating their respective families to the wealthiest positions in the world.