Which Family Is The Richest In The World

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Which Family Is The Richest In The World

Which Family Is The Richest In The World

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Fortune Of World’s Richest Person Bernard Arnault Tops $200bn

As many countries around the world struggle with the economic fallout from the coronavirus pandemic, many of the world’s richest families are as rich as ever.

Bloomberg rounded up the world’s wealthiest families — together they have $1.4 trillion in wealth from the retail industry, media companies, agribusiness companies, tech giants and more.

Bloomberg determined the rating based on net worth figures as of July 24, 2020. First generation wealth does not include wealth controlled by one heir or received from the government. For the purposes of this specification, households whose assets are derived from a partnership or business are considered resources.

From the billionaire family behind Nutella to the Walmart heirs, here are some of the richest families in the world.

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According to Bloomberg, Samsung, which consists of 62 companies, is now the world’s largest smartphone manufacturing family. The electronics giant helped make Liz one of the wealthiest families in Asia.

A.N. Pritzker and his sons Jay, Donald and Robert built the family fortune by creating the Hyatt chain of hotels and investing in companies such as the Mormon Group. Today, the wealth is divided among 13 family members, 11 of whom are billionaires. They reportedly spent most of the 2000s arguing over trusts and eventually split the fortune.

Since being listed by Kwok Tak-seng in the 1970s, Sun Hung Kai Properties has become one of Hong Kong’s largest property developers. According to Business Insider, Thomas and Raymond Kwok are taking over the company after their third brother, Walter Kwok, was ousted.

Which Family Is The Richest In The World

Ferrero’s fortunes go back to Italy in the 1940s, when Michele Ferrero invented the so-called Nutella. Nutella’s popularity in Italy helped turn the family-run chocolatier into a multi-million dollar business that now produces Ferrero Rocher, Tic Tac Mints and Kinder Chocolate. and Butterfinger bars, Forbes reports. Despite the widespread use of this product, Ferrero and the company themselves have maintained a very low level of safety measures, even compared to NASA.

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According to Business Insider, Michele’s son Giovanni Ferrero is now the company’s CEO and Italy’s richest man.

In the year In 1921, Chia Ek Chor founded the Charon Poke Fund, a group of Thai origin. Chia’s son Danin Chiravanon is now the group’s senior chairman, and Danin’s two sons serve as Bloomberg’s CEO and chairman.

S.I. Family patriarch Newhouse founded the giant Bloomberg in 1922. Newhouse in 2010 He died in 2017, leaving a fortune between three generations of the family.

In addition to its majority stake in Reddit, Advance Publisher also owns Condé Nast magazines such as Vogue and The New York and American City Business Journals, according to its website.

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The Rausing family fortune was made in the packaging industry. Reuben Raussing invented the Tetra Pak in the 1950s. Today, his descendants lead Tetra Laval, which consists of Tetra Pak, Seidel and Delaval for Bloomberg.

Cox Enterprises touches several industries, including cable and broadband (Cox Communications), newspapers and radio stations (Cox Media Group), and automotive for Bloomberg. It has a revenue of about $21 billion.

The Quandt family is Germany’s richest family, with a nearly 50 percent stake in luxury car manufacturer BMW. Logvinda also owns a German logistics company and Gemalto, a security software company.

Which Family Is The Richest In The World

The trio of Belgian families Van Damme, de Spelberch and de Mewis have a fortune of more than $54 billion from beer company Anheuser-Busch InBev. According to a Bloomberg report, the combined net worth of five-generation families declined more than any other family — $16 billion.

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The Johnson family is behind Johnson’s, which makes cleaning products such as Covenant, Glade and Windex. The company was founded in 1882 under his name and was eventually led by his son, Herbert Fisk Johnson. Fifth generation Herbert Fisk Johnson III serves as the company’s CEO and Chairman.

William W. Cargill In 1865, agribusiness giant Cargill Inc. was founded.Today, 23 members of the Cargill-Macmillan family own 88 percent of the company. As of May 2020, it had $115 billion in revenue. 14 people from this tribe are billionaires. According to reports, this family owns Kargil. 80% of the company’s net income is retained by the company for reinvestment every year.

According to Bloomberg, the Mulliez family is behind Aucan, one of Europe’s largest supermarket chains. This chain is also known as the “French Walmart”. Associazione Familiale Mulliez, a family holding company, also controls home improvement chain Leroy Merlin and sporting goods retailer Decathlon.

Roche Holding, the source of the Hoffman-Avery family fortune, was founded in 1896. In 2019, it generated $62 billion in revenue. Descendants of founder Fritz Hoffmann LaRoche own 9% of the company.

Louis Vuitton Boss Bernard Arnault Becomes Richest Man In The World Worth A Mega $211bn

Canada’s richest family derives its wealth from Thomson Reuters’ financial information and services for Bloomberg. They share 66 per cent of the shares – not to mention their stakes in Canada’s Bell and Toronto’s Globe and Mail newspapers.

Bloomberg reports that brothers Theo and Carl Albrecht founded discount supermarket Aldi. Today there are more than 10,000 stores between the two Aldi Nord and Aldi Sud branches. Theo invested in Trader Joe’s and grew it into a chain of over 350 stores. It is still in the Albrecht family trust.

The Boehringer and von Baumbach families control the German pharmaceutical company Boehringer Ingelheim, home to Bloomberg for more than 130 years.

Which Family Is The Richest In The World

Abigail Johnson’s grandfather, CEO of Fidelity Investments, founded private equity for Bloomberg in 1946. The Boston-based billionaire shares his wealth with three generations of family members.

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According to Bloomberg, the Wertheimer family fortune began in Paris in the 1920s, when Pierre Wertheimer sponsored designer Coco Chanel. His grandsons, brothers Alan and Gerard Wertheimer, now run Chanel, which had $12.3 billion in revenue last year.

The Hermès line of luxury goods is the foundation of the Dumas family fortune. Bloomberg reports that its origins date back to the 1800s, when Thierry Hermès began making furniture for the aristocracy.

Fast forward to the 1970s and the descendants of Jean-Louis Dumas globalize the company. According to the website of the Hermès Group, today Pierre-Alexis Dumas is the artistic director and Axel Dumas is the president of the company.

According to Business Insider, the Ambani family’s wealth, Reliance Industries, an Indian company, owns the world’s largest oil refinery complex. The company has businesses in India, including companies in the retail and telecom sectors.

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Saudi Arabia’s Crown Prince Mohammed bin Salman talks with his father King Salman in 2018 in this photo released by Saudi Arabia’s state news agency.

The Saudi royal family’s vast wealth comes from royalties from the Saudi oil industry (the king’s executive power is delegated to various family members) and from government contracts and other investments. Bloomberg

Crown Prince Mohammed bin Salman alone is worth more than a billion dollars, leaving millions for houses and yachts.

Which Family Is The Richest In The World

His brothers, Charles and David Koch, expanded their father’s oil refining company into Koch Industries, while his other brothers, Frederick and William, left the business. Koch Industries generates about $115 billion in annual revenue.

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David Koch He died in August 2019 and left his $53 billion fortune to his wife, Julia Fleischer Koch, Business Insider reported at the time. She is now the fourth richest woman after L’Oreal heiress Françoise Bettincourt-Myers, Scott Mackenzie (Bezos) and Walmart heiress Alice Walton.

Jacqueline and John Mars Candy Empire Mars Inc. The heirs are part of the company that invented M&Ms, Milky Way and Mars Bars after their father died in 1999. Jacqueline’s son, Stephen Badger, was previously chairman and is currently a board member. According to Bloomberg, Mars has an annual revenue of more than $38 billion.

Business Insider reports that Sam and Bud Walton founded Walmart in 1962 in Rogers, Arkansas. Following their success, they formed Sam’s Club in 1983. Walmart in 2010 It reported sales of $514.4 billion in 2018, making it the world’s largest retailer by revenue.

The Walton family fortune is spread among three generations of family members, including Sam Walton’s three children, Rob, Jim and Alice. She is one of the richest people in the world with a fortune of 56.8 billion dollars. The Walton, March and Koch families topped the list of the world’s wealthiest families, according to a Bloomberg report in September.

The Walton Family Is One Of The Richest In The World. Retail Is The Best Business If You Get It Right

His family stayed with them

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