Everything stays in the family: these are the eight richest dynasties in the world

While most of the world’s people saw much of their income decline during the pandemic, the fortunes of the world’s 10 richest people rose from $700 billion to $1.5 trillion, according to a study by the organization. non-governmental organization on inequality Oxfam.

1 – Walton Family (USA)

And not only them, since the fortunes of large families also benefited during the pandemic, as is the case with the Waltons. With 238,200 million dollars, in 2021, according to a report prepared by Bloomberg, thanks to its massive participation in Walmart, the largest company in the world by income. Ahead even of the two great billionaires of our era, such as Elon Musk (234,000 million dollars) or Jeff Bezos (176,000 million).

The American hypermarket giant, based in Bentoville, Arkansas (USA), is the world’s largest retailer by revenue, with sales of 559,000 million dollars in its more than 10,500 stores in 24 countries. The family, which has three generations, owns 48% of the company. In addition, it is the largest company in terms of number of employees, with 2,300,000.

The first store was created on July 2, 1962. Ten years later, in 1972, Walmart was listed on the New York Stock Exchange and by 1988 it was already considered the most profitable retailer in the United States. In 1989 it was already the largest company in terms of revenue. He is currently the member of the family with the highest net worth (63.5 billion dollars), ranking 17th among the richest in the world, according to the .

2 – Mars Family (USA)

of all kinds of food, both for people (M&M, Milky Way, Mars and Snickers, among others; also Orbit or Juicy Fruit gum) and for pets (Royal Canin, Eukanuba, Whiskas, Chappi and Pedigree). Surprisingly, pet products account for nearly half of the company’s $39.2 billion in revenue. The family fortune reached 141.9 billion dollars in 2021, almost 100 billion less than that of the Waltons.

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Frank Mars started selling molasses candies at just 19 years old, and nine years later, in 1911, he founded the Mars company, based in McLean, Virginia (USA). Business of five generations in which Jacqueline Mars, denies Frank Mars, is one of the women with the most money in the world, with a current estimated wealth of 50.7 billion dollars, the same amount as her brother John Mars (positions 26 and 27 of the great fortunes).

3 – Koch Family (USA)

Koch is an American conglomerate, headquartered in Wichita, USA, with numerous subsidiaries engaged in manufacturing, trading, and investment, owned by the Koch brothers. It owns companies such as Invista, Georgia-Pacific, Flint Hill Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals or Matador Cattle Company? In 2021, the third-generation Koch family fortune reached $124.4 billion.

Brothers Frederick, Charles, David and William inherited the oil company from their father, who founded it in 1940. However, a brotherly dispute over control of Koch Industries in the early 1980s led Frederick and William to leave the business. familiar while Charles and David followed. According to the Bloomberg Wealth Index, both Charles Koch and Julia Koch (daughter of the late David) have a net worth of $60.4 billion (21st and 22nd richest people in the world).

4 – Hermès Family (France)

The sixth generation of the Hermès family owns the French luxury fashion and accessories company best known for its Birkin bags, which can cost hundreds of thousands of dollars. The family estate amounts to the amount of 111,600 million dollars.

Of great family tradition, which ended up passing over the years to the sons-in-law of his grandchildren. One of them was Jean-Louis Dumas, who died in 2010 and who was able to break company turnover records and whose name appeared for many years on the list of the richest men in all of France. In addition, he managed to position Hermès throughout the world with a network of 300 stores. Among the family members who hold high positions in the company are Pierre-Alexis Dumas, the artistic director, and Axel Dumas.

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In the third quarter of 2021, Hermès invoiced 2,704 million dollars, 31.5% more compared to the same period of the previous year, while in the first nine months it recorded revenues of 7,543 million dollars, 54% more than in the same period of 2020.

5 – Al Saud Family (Saudi Arabia)

The royal family has a monarchical history stretching back almost a century and for which Saudi Arabia is named, it can attribute its $100 billion fortune to the nation’s oil reserves. Crown Prince Mohammed bin Salman, son of the seventh Saudi monarch, King Salman, personally controls assets worth more than $1,000.

Links to Saudi Aramco, the world’s most profitable company and an oil industry giant, ensure the Saudi royal family continues to amass wealth. It’s difficult to assess precisely, in part because the family has as many as 15,000 extended members, many of whom have founded businesses, government contracts and more, making their family wealth much greater.

6 – Ambani Family (India)

The Ambani family is known for being the owners of Reliance Industries, a conglomerate of companies based in Mumbai, India, which is considered the largest oil refining complex in the world. Dhirubhai Ambani, the father of Mukesh and Anil, started building Reliance Industries in the 1950s. When Dhirubhai died in 2002 without a will, his widow brokered a deal between her sons over control of the family fortune. Mukesh is now at the helm of the Mumbai-based conglomerate and lives in a 27-story mansion that has been called the most expensive private residence in the world.

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The Ambani’s fortune reaches 93.7 billion dollars, while that of , eleventh richest person in the world and first in Asia ahead of , has a heritage of 90.2 billion dollars. Reliance Industries revenue in the third quarter of 2021 was $26,143 million, compared to $17,193 million in the prior year.

7 – Wertheimer Family (France)

The Wertheimers own the legendary Chanel, one of the most prestigious French luxury houses in the world, known, among other things, for giving birth to its famous “little black dress” and Chanel number 5 perfume. The French brothers Alain and Gerhard Wertheimer are now co-owners of the company their grandfather founded together with designer Gabrielle.

The third generation of the Wertheimers has a fortune of 61.8 billion dollars, and both brothers are ranked 47 and 48 on the list of billionaires of Bloomberg, with a net worth of 29.8 billion dollars each.

8 – Johnson Family (USA)

Fidelity Investments or Fidelity Management and Research is an American company specializing in asset management and pension funds. Directed by Edward C. Johnson III and his daughter Abigail Johnson, it is headquartered in Boston, United States.

With three generations behind them, the Johnson family has a net worth of $61.2 billion. In position 77 of the great fortunes is Abigail Johnson, with 21,400 million dollars.

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