Meet The World's Richest Families
Ned and daughter Abigail (no relation to J&J or S.C. Johnson) own Fidelity Investments, one of the U.S.’s largest mutual fund companies. With more than $16 billion, she’s the richest person in Massachusetts. Maria-Elisabeth and her son Georg are the owners of Schaeffler Group, one of the world’s largest producers of ball bearings. Giovanni , the third-generation scion of Ferrero, the third-largest confectionary company in the world, is chairman. His mother Maria Franca Fissolo is Italy’s richest person, with $25.2 billion, beating her son by $1.6 billion. Last year St. Louis billionaire Jack Taylor died at 94, leaving behind his Enterprise rental car company in a year that saw a record $20.9 billion in revenue.
The Boehringer/Von Baumbach family runs pharmaceutical company Boehringer Ingelheim, while the Albrecht family is famous for their discount store Aldi. The media moguls of the Thomson family, founders of Thomson Reuters, round off the top 10 in rank 9. Successful business enterprises are they key to the wealth of the world’s richest families.
It didn't take into account first-generation fortunes, fortunes controlled by a single heir, or fortunes derived primarily from the state. For the purposes of this list, families whose wealth stems from a joint company or enterprise are being considered as a single entry. Industrial is the second largest sector, with 4 of the 25 families involved. It’s also one of the most lucrative sectors—out of the top five wealthiest families on the list, three are in industrials. The Koch family is the wealthiest family in this category, followed by the Al Saud family and the Ambani family, respectively. It’s important to note that many of these families have diversified their investments across a variety of industries.
Facebook, TikTok, Google, Apple, and Pfizer all have their European headquarters in the country, which has a 12.5% corporate tax rate—or about half the global average. But these rates are set to change soon, as Ireland joined the OECD 15% minimum corporate tax rate agreement which was finalized in October 2021. It measures the total market value of final goods and services produced in a country in a specific timeframe, such as a quarter or year.
Dan serves as chairman and CEO, while Bubba is executive vice president. Gary Rollins, Wayne’s son, presides over the family business as CEO and chairman. The family now owns about 53% of Rollins Inc., along with stakes in oil-and-gas company RPC Inc. and boat dealer Marine Products Corp. They have ties with Saudi Aramco, which is the world’s most profitable company and is the biggest oil company in the oil industry.
Charles Koch and David Koch, also known as the Koch brothers, were the only two of Fred Koch’s four sons still working for Koch Industry in 2019. Charles and David Koch established a political alliance of libertarian and conservative benefactors, and they invested their money in television and other forms of media advertising. The Waltons’ wealth does surpass the wealth of Jeff Bezos, who is currently worth $205.4 billion, according to Forbes.
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.
Dirk, Robert and Daniel Ziff are heirs to media conglomerate Ziff Davis LLC, which was originally founded by their grandfather, William Bernard Ziff Sr., as a publishing company in 1927. E&J Gallo Winery, a global leader in the wine industry, today is run by their descendants. The wealthiest dynasties in America also have seen many bitter battles over inheritance and power, though some have quietly risen to the ranks of the elite without too much media scrutiny. By 2022, only Charles Koch and David Koch were running the industries, but the duo stopped after the death of David Koch in 2019, and most of the stakes when to his wife.
President Biden and congressional Democrats in the United States have suggested a slew of tax reforms aimed at the wealthy. Oxfam projects that by 2030, 3.3 billion people will be living on less than $5.50 media bar tv per day. “This is a family that is incredibly wealthy,” Sanders said of the Waltons before the wage increase took effect.
According to Wealth-X's 2021 billionaire census, nearly 60 per cent of billionaires last year were "self-made". The Waltons who own the US retail company topped the list as luxury dynasties increased their wealth, however, the wealth of the Samsung family fell last year. Luxury goods dynasty Hermès is the basis for the Dumas family fortune. Its origins trace back to the 1800s when Thierry Hermes began making riding gear for noblemen, Bloomberg reported. Founder James Cox's five grandchildren share the family fortune, according to Forbes.