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The Richest Families in The World

  • 5th Jul 2020
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The Richest Families in The World

Hard Work always results in success, which in turn results in wealth. Money is something everyone strives for,from children to grandparents, everyone loves being rich.They love the advantages that come with it, the experience of a luxury life, travelling the world, owning exquisite art pieces, purchasing high end cars/yachts, the chance of having a high social status and subtly flex on others without making it too obvious.Only a small percentage of the world’s population got the chance to obtain this life and the rest wonder how. It is often said that you shouldn’t run behind money or else it’ll never come towards you, which I personally believe is true. So, here’s a list of 10 families who didn’t run behind the bliss but instead put their heart and soul into their work and earned it through blood, sweat and tears.




The Walton Family



Almost everyone in the States relies on Walmart for their basic necessities and supplies. So when around 33 crore people depend on and trust a particular store, the owners are bound to be wealthy,190.5 billion dollars to be exact.Jim and Alice Walton, who ranked # 16 and #17 respectively at Forbes annual list of billionaires, were at the top of the global supply chain in 2019 at more than US$ 44 billion respectively.Established by Sam Walton in 1962, this organisation has grown exponentially in terms of recognition and sales.The company operates nearly 12,000 retail stores worldwide and 5,362 stores in the U.S as of Aug. 2019.Harshly criticized for their labour policies owing to their low priced products, the company failed at establishing their superiority in New York when compared to their long time rival Target.




The Mars Family



Mars is the Walmart of candy: a ubiquitous, inexpensive and influential multigenerational family enterprise. Today, M&Ms are more popular than their iconic Mars bar. The largest candy company in the world was able to purchase a pet care company VAC for $9.1 billion in 2017. Jacqueline and John Mars, whose grandparents Frank Mars had the business inaugurated, both had a net worth of $23.9 billion. Some of their sons, the fourth generation of the family members of Mars, now run the business.




The Saud Family



It is estimated to be $1.4 trillion (£ 1.1 trillion), the world's wealthiest dynasty, the Royal House of Saud that ruled the country with its name since 1744. Such virtually unprecedented riches are spread among 15,000 or so members of the giant family. Yet a good part of the family's weight is held, along with their immediate relatives, by the present King Salman, his notorious son Crown Prince Mohammad bin Salman.




The Koch Brothers



Charles and David Koch owe their immense wealth to their father's oil business, yet today the general public are probably better recognized for their strategy, reaching deep into their wallets to stamp politics: sponsoring politicians and nationalist think tanks, supporting academic professorships and lobbying for political roles aimed at promoting a conservationist hostility. The brothers amount to $50.5 billion each, linked to the # 11 spot on the lists.




The Al-Sabah Family



Approximately 1,000 members have been in Kuwait for the Al Sabah dynasty for 267 years and Sheik Sabah IV Ahmad Al-Jaber Al-Sabah, the patriarch of a family is the new emir of the country. In 1991, Time magazine projected the fortunes of the group, many of which are linked up to US shares and securities, to be $90 billion (£69.2 billion), and analysts say it has quadrupled since then.




The Al-Thani Family



Since the mid 19th century, the House of Thani has been the royal power in Qatar. Sheik Tamim bin Hamad Al Thani, who is led by his country's chief, is estimated to be about 7,000 or 8,000 in thousands. The family oversees the legendary 328 billion dollars (€269 billion) sovereign wealth fund, comprising a London shopping mall Shard and Harrods and large holdings from leading companies such as Volkswagen and Tiffany & Co.




The Bezoz Family


Amazon, a profitable e-commerce corporation, cloud-based and aI, founded in 1994, has created an enormous fortune as the richest individual in the US. Back in April 2019, Bezos and his now ex-wife MacKenzie smashed records with the most costly divorce ever, paying $38 billion. The pair has four children and MacKenzie has maintained 4% of Amazon and is the third richest female in the world.




The Gates Family



Bill Gates is the second richest man worldwide, and together with his wife Melinda, the most influential philanthropist on the earth. Bill was co-founder of Microsoft, the world's third largest corporation. However, the couple have stated that the bulk of their wealth that they intend to spend on charitable matters will not be heredited by their trio. Using the Bill and Melinda Gates Foundation, the charitable organization they founded back in 2000 in order to counter hunger, extreme poverty, and preventable diseases, they have donated over $50 billion to date. Microsoft's board recently retired Gates to concentrate on his charity activities.




The Ambani Family



Indian industrial conglomerates Reliance Industries may be the least well recognised to the average readers, considering he is the only Asian business on our list. Nonetheless Mukesh Ambani, CEO of which the company was founded by his late father in 1957, ranks number 11 on the Forbes 2019 list, which is responsible for refining , petrochemicals, oil , gas and textiles; Mukesh 's brother Anil is responsible for telecommunication, asset management, entertainment and power generation.




The Dumas Family



According to Bloomberg, Dumas, who are the founders of the French luxury goods group Hermès, have a combined assets valued at 49.2 billion dollars. Patriarch Thierry Hermès founded the company in 1837 and began as a Parisian harness manufacturer before entering the luxury and fashion industry. The late Jean-Louis Dumas and Axel Dumas, current CEO, who turned the company into a global powerhouse, are prominent scions in the family.



WRITTEN BY

Shivangi Tiwari is currently pursuing her Bachelors in Management Studies degree at HR college. She enjoys singing, culinary and creating videos expressing her opinion on trending topics. She believes that expressing one's opinion is really important in recent times because moving forward with a bac... read more


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