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Meet the top 5 richest families in the world
we will discuss the top 5 richest families in the world that have e been able to amass fortunes over the decades and sometimes centuries, the extent of which few will ever truly understand.
No doubt, there are many elites in this world, and then there is the elite amongst the elites. Therefore, we will discuss the top 5 richest families in the world that have e been able to amass fortunes over the decades and sometimes centuries, the extent of which few will ever truly understand.
According to Bloomberg, as the pandemic reshaped the way we live and work, the 25 wealthiest families on the planet added $312 billion to their collective fortunes, a 22 per cent gain since last August.
This family, from owning some of the biggest retail brands and banks to hotels, supermarkets and more, businesses are a part of your life and you probably don’t even know it.
Meanwhile, take a look at the world’s richest families and their mouth-watering wealth.
1. The Walton Family of the US | Fortune: $ 238.2 billion
The Waltons is the world’s richest family who heads the retail giant Walmart in the US topping the list for the fourth consecutive year. They witnessed their fortune zoom $23 billion in the last year.
Walton family members have sold $6 billion worth of shares this year. The Waltons family’s net worth is $238.2 billion, according to a Bloomberg report.
Best known for big-box stores in rural and suburban America, Walmart is celebrated for its low-priced products and criticized for its labour practices.
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2. Mars Family/Fortune: $ 141.9 billion
Furthermore, the Mars family is the second richest family in the world; they own the Mars food manufacturer that includes brands such as Milky Way, M & M’s, Skittles, Snickers, Royal Canin, Whiskas and Pedigree.
Frank C. Mars starts making and selling buttercream candy from his kitchen in Tacoma, Washington at the age of 19, now the Mars family is the second world’s richest family,
The company is now being run by some of their children, the fourth generation of Mars family members.
3. Koch Family—Koch Industries | Fortune: $124.4 billion
The third richest family goes to The Koch. Charles Koch started America’s largest private company, Koch Industries when he co-founded the Wood River Oil and Refining Company in 1940.
He is best at financing candidates and libertarian think tanks, funding university professorships, and lobbying for policy positions, all aimed at furthering a conservative agenda.
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4. The Dumas Family | Fortune: $111.6 billion
The Dumas Family of France are the fourth richest family in the world; more so, they are the family responsible for giving the world of fashion and luxury, Hermes.
Jean-Louis Dumas founded a company called Hermes, which turned the world of fashion and luxury. In the year 1837, Thierry Hermes starts making riding gears for the gentlemen.
By the 1950s, his sons-in-laws decided to diversify their operations and look at more opportunities in fashion and luxury. The net worth of the Dumas Family is estimated at $111.6 billion.
5. Al Saud Saudi Royal Family | Fortune: $100 billion
The House of Saud, the Saudi royal family is the fifth richest family in the world. They have a history extending back nearly a century. The family’s massive fortune, estimated at $95 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
According to Bloomberg’s 2021 world’s richest families report, the combined net worth of the entire royal family has been estimated at around $100 billion, which makes them the richest royal family among all monarchs, as well as one of the wealthiest families in the world.
However, these top 5 richest families in the world are stipulated according to Bloomberg report, other families we did not mention here are not a way to disrespect them but our collective decisions.