25 Richest Families In The World Are Worth More Than $1 Trillion

Some of the members have founded businesses, and many have received government contracts. The family is also known as the house of Saud, and they are descendants of Muhammad bin Saud. The worth of the company has significantly fallen as in 2016; the family was ranked as the fourth wealthiest family in America, and Cargill Inc. is currently the most significant private-owned corporation in the United States. The Reimann family is the group behind JAB Holding Company, which is a private German conglomerate that is headquartered in Luxemburg, and it includes investments in a different company.

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.

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.

This wealthy dynasty owns media and automotive company Cox Enterprises, founded by James M. Cox in 1898, when he borrowed $26,000 from his family and friends and purchased the Dayton Evening News . These hotel heirs spent years battling over the family trusts left behind by Jay Pritzker, who, along with his brothers Robert and Donald and their father A.N. Pritzker, created Hyatt and invested in industrial holding company Marmon Group. Samuel Jr. passed away in 2017, but Donald Newhouse remains owner and shares the title of co-president with his son Steven. Randa joined the family business in 1994, became president and CEO of Enterprise Products in 2001 and has served as chairman of the board since 2013.

The chain has also been called the "Walmart of France." Association Familiale Mulliez, the family holding company, also controls Leroy Merlin, a home improvement chain, and Decathlon, a sports equipment retailer. The Johnson family is behindSC Johnson, which produces cleaning products such as Pledge, Glade, and Windex.The company was founded by its namesake in 1882 and was eventually taken over by son Herbert Fisk Johnson. Fifth-generation Herbert Fisk Johnson III acts as the current CEO and chairman of the company. Today, his descendants control Tetra Laval, one of the world's biggest packaging companies, which is comprised of Tetra Pak, Sidel, and DeLaval, per Bloomberg. Since being listed in the 1970s by Kwok Tak-seng, Sun Hung Kai Properties has evolved into one of the biggest property developers in Hong Kong. Thomas and Raymond Kwok control the company after ousting their third brother, Walter Kwok, in 2008 following a feud, Business Insider previously reported.

His three grandchildren inherited an estimated 13% stake in the company, and granddaughter Ronda Stryker has sat on the board of directors since 1984. The Saudi royal family has a tremendous monarchical history, and the massive fortune of the family is estimated to be around $100 billion. The wealth has been growing over the years due to the decades of payments from the Royal Diwan, which is the king’s executive office. One of the oldest Belgian brewers has a history extending back more than 500 years. The family can be traced to 1535, and Van Damme clan joined the efforts of the De Mevius and De Spoelberch in 1987, and there was the formation of Interbrew. The merger is of a total of three families, and significant stakes are handled by the Spoelberch.

The Walton family fortune grew astoundingly in the past year — to powerful families the tune of $23 billion. Thierry Hermès fashioned riding apparel for the aristocracy in the 19th century. Today the luxury fashion brand, Hermes is famous for its signature scarves, neckties, and perfumes, as well as its iconic Kelly and Birkin handbags. William became president of Kansas City’s Commerce Bank in the early 1900s. Other members run United Missouri Bank and the Kemper Insurance behemoth.

The company currently cooperates in the areas of consumer goods, forestry, coffee, fast food, and luxury goods. They also have some minority stake in the consumer products company Reckitt Benckiser. They have majority stakes in Coty, Peet’s Coffee & Tea, Caribou Coffee Company, and Einstein Noah Restaurant Group and in Jimmy Choo. Together some of the families possess a lot of money, and today we will see the wealthiest families all over the globe. The Walton family fortune is dispersed among three generations of family members, including cofounder Sam Walton's three children, Rob, Jim, and Alice; who is one of the richest women in the world with a $56.8 billion fortune. The three Belgian families of Van Damme, de Spoelberch, and de Mevius share claim to more than $54 billion in wealth from beer company Anheuser-Busch InBev.

The combined net worth of the five generations of the families fell more than that of any other family on this ranking —$16 billion — per Bloomberg. The Quandt family is Germany's wealthiest family, thanks to their nearly 50% stake in luxury vehicle maker BMW. They also have stakes in Logwin, a German logistics company, and Gemalto, a security software company. The Koch family’s fortune dropped by $15 billion from 2019 to 2020, and the current political climate in Hong Kong has had a negative impact on the Kwok family’s real estate empire. The Scudder Family,John Pitman, Chandrani Ghosh, David Armstrong, The Dynasties, Forbes, 28 February 2002.