17 Richest Family In The World Ideas



For starters, mutual funds are the largest entity, and have been around since 1924. Hedge funds didn’t come to life until around 1950 and for ETFs, this stretched to the 1990s. Hermes, a luxury French fashion brand, is known for its characteristic scarves, neckties, and perfumes, as well as its renowned Kelly and Birkin purses. Thierry Hermes designed aristocratic riding attire in the nineteenth century.

Today, Adelson's widow Miriam owns more than half of the gambling empire. New York-based Lauders of cosmetics-maker Estee Lauder entered the list as the combined wealth of 25 richest families showed their net worth was worth $1.7 trillion as they gained $312 billion in past one year. TheDassaultfamily which owns the aviation company also entered the elite rich list. The richest family in the world by a long shot, the royal House of Saud, which has ruled the country that bears its name since 1744, is estimated to be worth an absolutely eye-watering $1.4 trillion (£1.1tn). The owners of French luxury goods firm Hermès, the Dumas family has an estimated combined fortune of $49.2 billion (£36bn) according to Bloomberg. The clan's company was founded by patriarch Thierry Hermès in 1837 and started out as a Parisian harness workshop, before branching out into the high-end fashion and luxury goods business.

Following the tunnel vision of great-great-granddad Warren, scion Brendan recently became chairman and CEO of Bechtel Group, the largest construction company in the United States. More than 100 years ago, Frank Mars founded the Candy company, Mars. Despite the infamous candies from Mars-like M&Ms, Snickers, Twix, and Dove, it has been earlier reported by FOX Business that pet-care products are the source of over 50 percent of the company’s revenue. The Waltons’ wealth does exceed the wealth of the second richest man in the world, Jeff Bezos, whose worth is currently $205.4 billion, as per Forbes. Although, according to Bloomberg’s September report, the Mars and Koch families have not made it to Bezos’ wealth. The company started up in early 2020, state records show, several months before the Walton's family office transferred $48 billion to a separate trust established to divest the clan's shares in the retail giant.

Now son Henry runs the businesses with help from his daughter Sonia, who oversees the Rosewood Hotel Group (including the Carlyle and Hôtel de Crillon), and son Adrian . Check out below to know more regarding the three wealthiest families in the world, as reported by Bloomberg. To develop the list, the ranking excluded first-generation fortunes (like Jeff Bezos’s or Bill Gates) and those fortunes controlled by a single heir.

The Baring family, owners of an important merchant bank in London in the 18th to 19th centuries.

The fashion empire Kering now owns brands including Stella McCartney, Saint Laurent and Alexander McQueen, and is run by Pinault's son François-Henri, who is married to Hollywood actor Salma Hayek. Brothers Raymond and Thomas Kwok are property magnates with an empire that includes real estate in Hong Kong and China. Their late father Kwok Tak-Seng created Sun Hung Kai Properties in 1972. Brother Walter, who died in October 2018, was at the helm from 1990 to 2008, then Thomas and Raymond assumed the running of the firm, with their mother Kwong Siu-hing as key shareholder. However, Thomas was jailed for top 10 five years in 2014 on corruption charges and was only released in early 2019. Samuel Curtis (S.C.) Johnson started out with a flooring company in 1886, before developing his famous floor wax.

Ahead of her are brothers Jim ($63.7 billion, No. 17 worldwide) and Rob ($63.3 billion, No. 18 worldwide). Descendants of Sam and his brother, Bud, control more than 1.3 billion shares of Walmart stock either directly or through family trusts, Bloomberg says. Even though the Waltons have liquidated $6 billion in Walmart stock this year, they’re now worth more in 2021 than they were in 2020. This list of ‘richest families of the world’ shows the rising global inequality of wealth in the world.

The Koch family is one of the most political, American families engaged in business, and they control the Koch Industries. The Koch Industries is the second-largest privately owned company in the United States. The family business was started by Fred C. Koch, and he founded the oil refinery firm back then, which later became Koch Industries. Later after his death in 1967, Fred’s four sons litigated against each other in the 1980s and 1990s.

Today,the fortuneis split among 13 family members, 11 of whom are billionaires. They reportedly spent much of the 2000s arguing over trusts, ultimately dividing up the fortune at the end. GDP accounts for roughly 25% of the global economy, a share that has actually changed significantly over the last 60 years. The finance, insurance, and real estate ($4.7 trillion) industries add the most to the country’s economy, followed by professional and business services ($2.7 trillion) and government ($2.6 trillion). Despite a global recession, most of the world’s wealthiest families seem to be doing just fine—however, not everyone on the list has been thriving this year.

According to Bloomberg, the world's 25 richest families control $1.4 trillion of wealth. The granddaughter of L'Oréal founder Eugéne Schueller, Bettencourt Meyers, who is pictured here with her sons Nicolas and Jean-Victor, devotes her time to writing Bible commentaries and improving Jewish-Christian relations. Founded in 1885 in Germany by Albert Boehringer, Boehringer Ingelheim initially produced tartaric acid for the food industry before branching out into pharmaceuticals. Today, the drugmaker is among the 20 biggest pharma companies in the world. Boehringer's descendants control the family firm, with scion Hubertus von Baumbach serving as company chairman.

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