When it comes to the richest families in America, most people are not familiar with the clans or their identities. The individual clans may not be household names; however, their companies are very famous. Walmart retailers and Vogue are recognised all over the world. Below is a list of the wealthiest clans and their net worth value.
Since the 19th century, these clans have acquired great wealth and built the business empires seen today. Forbes' top 50 list shows a collective net worth value of around $1.2 trillion, which is an increase from the 2015 value by 30%.
10 richest families in America
All the families that have been listed here have a net worth of at least $30 billion. There is also a lot of diversity in relation to the type of companies that generate revenues for these families. Here are the top 10 wealthiest clans.
1. Walton family - $247 billion
The Waltons rank first in the list of richest families in the USA, with a net worth of $247 billion. The most significant source of their wealth is their stake with Walmart, the world's largest retailer in sales. Walmart was founded by brothers Sam Walton and James "Bud" and cumulatively, the heirs hold about half of the retailer's stock. The family is also the Arvest Bank owner, which has 16 bank branches in Missouri, Arkansas, Kansas, and Oklahoma.
2. Koch family - $100 billion
The family owns Koch Industries, which is America's largest private company. Fred C. Koch co-founded it in 1940 as the Wood River Oil and Refining Company. The family still owns 42% of its shares and has a net worth of $100 billion.
3. Mars family - $94 billion
According to Forbes, the Mars family has a net worth of $94 billion. Frank Mars founded the company in 1911. The company produces candy, with their most popular product being the M&Ms. In 2017, they diversified after purchasing VAC, which is a pet care company.
4. Cargill-MacMillan family - $47 billion
The Cargill-MacMillans are among the richest families in American history. They have a net worth valued at $47 billion and own Cargill, which brings revenues of up to $114.6 billion. Accumulatively, the family members own 88% of the shares.
5. Lauder family - $40 billion
Estée Lauder, together with her husband, founded a cosmetics firm in 1946 while using her kitchen as a start-up location for developing skin creams. Today the company generates more than $14 billion in sales and owns 29 big brands, including MAC, Clinique, and Origins. The family has a net worth of $40 billion and runs the company with William Launder as its chairman.
6. S.C. Johnson family - $37 billion
The Wisconsin-based family owns the SC Johnson, which generates revenues of up to $10.5 billion. S. C. Johnson started the company in 1886. The family has a net worth of $37 billion, making the family among the richest families in American history.
7. (Edward) Johnson family - $36 billion
Edward C. Johnson II founded Fidelity Investments in 1946, and it is among the largest financial firms in the world. The firm is run by Abigail Johnson, the founder's granddaughter. The family accumulatively owns 49% of the company and has a net worth of $36 billion.
8. Cox family - $34.5 billion
The Cox family is among the richest families in America, with a $34.5 billion net worth. The family owns Cox Enterprises, which is a media and automotive company. James M. Cox founded it in 1898, and its revenues in 2019 had gone to ups of $21.1 billion.
9. Pritzker family - $32.5 billion
According to Forbes, the family has a net worth of $32.5 billion. Their primary source of revenue is generated from hotels and investments since the year 1936. A. N. Pritzker founded Hyatt together with his sons, and currently, the chairman of the company is Thomas Pritzker.
10. Newhouse family - $30 billion
Newhouse stems its fortune from the giant publication company, Advance Publications. The publishing empire was founded in 1922 by Sam Newhouse and publishes magazines such as The New Yorker, Vogue, Vanity Fair, and newspapers in over 20 states in the US. The family generally runs the company and has a net worth of $30 billion.
Frequently asked questions
Over the years, there have been different billionaires in the ranking list. The year 2020 saw 267 lose their billionaire status while also welcoming 178 others into the list. Here are some FAQs in line with the topic in discussion:
Who is the richest person in USA 2021?
According to the Bloomberg Billionaires Index, the richest person as of 10th February is Elon Musk, founder of Tesla. He has a net worth of $202 billion, surpassing Jeff Bezos, who has a net worth of $193 billion.
How many billionaires are there in the US in 2020?
According to Forbes, as of October 2020, the listed number of billionaires counted in the USA was 614. The total number of billionaires in the world that featured in the same list was 2095.
Who are the 13 richest people in the world?
The following are the top thirteen wealthiest people as of 10th February 2021:
- Elon Musk $202B (United States)
- Jeff Bezos $193B (United States)
- Bill Gates $136B (United States)
- Bernard Arnault $116B (France)
- Mark Zuckerberg $102B (United States)
- Larry Page $95.8B (United States)
- Sergey Brin $92.6B (United States)
- Zhong Shanshan $91.7B (China)
- Warren Buffett $91.0B (United States)
- Steve Ballmer $87.7B (United States)
- Larry Ellison $81.5B (United States)
- Mukesh Ambani $75.8B (India)
- Francoise Bettencourt Meyers $75.7B (France)
Despite being the richest families in America, some of them have numerous troubles and feuds. All in all, with such dynasties that are still running decades down the line, it means that they are doing something right. You can learn a thing or two from the business gurus.
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Source: Briefly News