Wouldn’t it be great to be born in one of the richest families of the world? Yes, some things are easier for them but they certainly don’t get everything on a platter. Most of these families started their businesses almost hundred years ago and each generation has worked really hard to expand their business and stay on top.
We have curated a list of top 10 richest families of the world, according to Bloomberg Billionaire Index. The list excludes first-generation fortunes and those in the hands of a single heir.
The Walton family is an American whose collective revenue of $151.5 billion makes them the richest family of the world. They derive their major fortune from the world’s largest retailer, Walmart which were co-founded by Bud and Sam Walton. Currently, there are nearly 12,000 stores spread across the world. The family also possesses Walton Family Holdings Trust, the world. The third generation of the Walton family is holding the reins of the world’s biggest business empire.
The Koch Brothers
Koch industries is the second largest privately owned company in the United States. The company’ worth at present is around $98.7 billion. The family business was started by Fred C. Koch, who developed an innovative method for the refinement of heavy crude oil into gasoline. Four brothers Frederick, Charles, David, and William inherited their father’s oil refinery business. After a family feud in 1980s and 1990s, Charles G. Koch and David H. Koch were left to command the multi-billion empire. Koch industries are also affiliated with several conservative and libertarian political organizations.
This family is the one that gave the world Milky Way and the Mars Bars. The family’s net worth is $89.7 billion. It was once the richest families of the world. The business was established by Franklin Clarence Mars in 1911. Very few people know that half of their revenue comes from pet care products.
Also read: TOP 10 MARKETERS IN THE WORLD YOU SHOULD KNOW ABOUT
Van Damme, De Mevius and De Spoelberch families
These three families have been connected with each other since the 14th century. No doubt that together, they own one of the largest brewing companies of all the world. The whole world is thankful to them for giving us some of our favorite beer brands including Stella Artois, Budweiser, and Corona. Their combined worth is $54.1 billion.
This family established the brand Hermes. It started with manufacturing the riding gear for noblemen in 1837. Today, Hermès is a French high fashion luxury goods manufacturer. It specializes in leather, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Its logo, since the 1950s, is of a Duc carriage with horse. Family members Pierre-Alexis Dumas and Axel Dumas now lead the company which values at $49.2 billion.
Wertheimer family is a Jewish family which gave massive funding to fashionista Coco Chanel. The company is a major shareholder of Chanel. The company is currently run by Alain Wertheimer. His grandfather, Pierre, co-founded the House of Chanel. The company values at $45.6 billion.
The Reliance industries was founded by Dhirubhai Ambani in 1957. It is now run by his son Mukesh Ambani. He is the elder son of the late Dhirubhai Ambani and Kokilaben Ambani and the brother of Anil Ambani. As of January 2018, Mukesh Ambani was ranked by Forbes as 18th-wealthiest person in the world, with a net worth of $43.2 billion. The industries has interests in petroleum, natural gas, petrochemicals, retail and more recently telecom, among other fields.
Also read: 10 TOOLS THAT ARE ESSENTIAL FOR YOUR STARTUP GROWTH
The automobile giant BMW was founded by Karl Rapp. But it is Herbert Quandt a German industrialist who is regarded as having saved BMW when it was at the point of bankruptcy and made huge profit in doing so. His children Stefan Quandt and Susanne Klatten continue to run the company.
The Cargill family is one of the wealthiest families in the world. The family owns 90% of Cargill, the largest privately owned corporation in the United States. The family members are the descendants of William W. Cargill who founded the company in Minnesota after the Civil War. The exact wealth of the family is unknown, as the Cargill company is a privately owned business entity with no obligation to disclose exact ownership. The company’s interests are in food and agriculture.
Boehringer, Von baumbach family
The Boehringer Ingelheim group is one of the world’s 20 leading pharmaceutical companies. Still headquartered in Ingelheim, it operates globally with 146 affiliates and more than 47,700 employees. The company’s key areas of interest are respiratory diseases, metabolism, immunology, oncology and diseases of the central nervous system. After more than a century, the Boehringer family are still in control of the company along with the extended von Baumbachs.
Also read: SCOOTER STARTUP BIRD RAISES $400 MILLION AT A VALUATION OF AROUND $2 BILLION
To Read Our Daily News Updates, Please Visit Inventiva Or Subscribe Our Newsletter & Push.