Bloomberg's List Of World's Richest Families

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.

That is why most of the developed countries have introduced an ‘inheritance tax’ for such families so that the disparities amongst the economic classes could be reduced. BloombergThe company is now run by Johnson’s granddaughter, Abigail. The mutual fund firm, Fidelity Investments, was founded by Edward C. Johnson II in 1946 in Boston and is the largest financial service firm in the world and provides investment services to millions of people. Lin , co-founder of the National Young Arts Foundation and Miami’s New World Symphony, is the matriarch of this family, whose fortune stems from her late husband Ted’s Carnival Cruise Lines. Ted’s son Micky is chairman of the board , and investor Shari, Ted’s daughter, is said to be Israel’s richest woman.

The largest university endowment belongs to Harvard with some $74 billion in assets under management. However, the largest endowment fund overall belongs to Ensign Peak Advisors. They represent The Church of Jesus Christ of Latter-day Saints , with some $124 billion in assets. Buy side institutionTotal assetsMutual Funds, ETFs$21 trillionPrivate equity$5 trillionHedge funds$3 trillionVenture capital$0.5 trillionAlso, buy-side jobs appear to be more sought after across financial career forums.

Walmart is the world’s largest retailer, one of the world’s largest businesses in terms of yearly revenue, and the world’s largest private employer, with little over 2.2 million employees. Alice Walton also has a net worth of $60.1 billion, making her the world’s 14th wealthiest person and the richest woman. Late brothers Karl and Theo Albrecht founded Aldi in 1946 in Essen. The supermarket chain split into two different entities in 1960, Aldi Nord and Aldi Süd, after the siblings disagreed over whether to stock cigarettes. Both groups went on to expand internationally, and Aldi Nord snapped up US chain Trader Joe's in 1979.

The German pharmaceutical company, Boehringer Ingelheim was founded in 1885 by Albert Boehringer. One of the richest families in real estate, the Goldman clan owns more than 700 properties across the country as well as stakes in the World Trade Center developments in lower Manhattan, says Forbes. The Ambani family is the wealthiest family of India and is the owner of Asia’s biggest conglomerate Reliance Industries. Reliance was founded by Dhirubhai Ambani in 1957, and the company oversees refining, petrochemicals, oil, gas, and textiles, and both brothers have their own telecommunication company. Mukesh Ambani has the biggest telecommunication company, Jio of India, and Ani’s elder son, Anmol, is also the executive director of Reliance Capital.

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 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 powerful families 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.