Some families have been able to accumulate vast amounts of wealth across different generations. It is quite remarkable that their wealth continues to endure and even grow despite the test of time and financial market upheavals. This article looks at some of the wealthiest families in the world and how they were able to amass such wealth.
- Walton Family
The Walton family is ranked as the wealthiest family in the world with its estimated worth being around $152 billion. This family acquired their great wealth as a result of its shares in Walmart, a company founded by Sam Walton in 1945 that has since become the world’s largest retailer. Apart from Walmart, the family has also made investments in other companies such as Solar City, South Korean video streaming services and even private jet cards.
- Koch Family
The Koch family from Kansas has earned its fortune from their ownership of Koch Industries Inc, a private conglomerate based in the US that is the second-largest privately held firm in the US. The Koch family is estimated to be worth approximately $89 billion, with their primary source of wealth being Koch industries which is involved in the manufacturing and refining of petrochemicals and other materials.
- Mars Family
The Mars family, based in the US, is worth an estimated $79 billion and is renowned for their confectionary products such as M&Ms, Milkyway, and Snickers. The success of the company can be attributed to their continuity in business operations as well as their keenness in taking risks on new products. They have also been able to expand their business operations over the years due to their well-established distribution networks.
- Al Saud Family
The Al Saud family is estimated to be worth an estimated $73 billion and earns its wealth primarily from their ownership of Saudi Arabia’s oil resources. The family commands an impressive amount of influence in the country, with the late King Abdullah of Saudi Arabia being the head of the family until his death in 2015. The family has also been involved with various ventures in the private and public sector area and continues to amass wealth on a regular basis.
- Ambani Family
The Ambani family is worth an estimated $50 billion, with the wealth largely attributed to their ownership of Reliance Industries which is a major oil and petrochemical company based in India. The company has been run by the family since 1966 and is currently the largest publicly traded company in India with a market capitalization of around $180 billion.
- Johnson Family
The Johnson family from Florida is estimated to be worth $37 billion and earn their wealth from their involvement in the retail sector. The family is the owners of the American discount retail chain Walmart, a company that has been in existence for over half a century and is still going strong. The company’s success is largely attributed to its commitment to offering the lowest prices for their customers, something which has been a hallmark of the company for many years.
We have looked at some of the wealthiest families in the world and have seen some common characteristics. These common traits amongst the families include a commitment to their business, taking risks, and staying true to their respective visions. It is remarkable that these families have continued to amass huge wealth across multiple generations, something which is testament to their business acumen and resilience.
