The richest family in the world has a net worth close to US$200 billion! This massive fortune is mainly shared among 3 members in this wealthy family.
The “real” richest families in the world…
Such as the Rothschilds, Rockefellers and the House of Saud from Saudi Arabia…
As well as other dynastic and royal families…
Whose wealth is intimately intertwined with the state…
Are left off this top ten list, as their fortunes are very difficult to estimate, as their wealth is too dispersed and diversified to accurately determine.
The problem with autocratic wealth…is that its often unverifiable and obfuscated…
Resulting in a sorely under-evaluated calculation of the true extent of their holdings.
We have also excluded families where the family fortunes are controlled by a single heir.
Families with first-generation fortunes (e.g. Jeff Bezos’ family) are also axed from this top ten list.
This top ten list focuses on wealthy families that have grown their mass fortunes together…
As a nuclear family unit…
…Over decades or centuries through a family-owned business…
And where the living family members have a more-or-less evenly distributed share of the wealth.
According to the Bloomberg Billionaires Index…
The 25 wealthiest families in the world are worth over $1 trillion…
And that is a low-ball figure!
From chocolate bars to department stores…
…The incredible wealth amassed on this list come from varied sources, including:
The pharmaceutical, oil and gas, agriculture, petrochemical, high-end fashion and automotive industries.
Let’s get started and find out which clan on this top ten list are the richest family in the world.
Ambani family — (net worth) — US$50.4 Billion
The Ambani fortunes were built by Dhirubhai Ambani…
Who laid the foundations in 1957, for what Reliance Industries would now become…
One of the world’s largest oil refining complex.
Dhirubhai Ambani’s widow brokered a deal between her two sons, Mukesh and Anil, who both wanted to take charge of the family business after their father died in 2002, without leaving a will.
The Ambani family is the 10th richest family in the world and the richest family in all of Asia!
Mukesh Ambani is now the head of the oil refining conglomerate which has its headquarters in Mumbai.
Mukesh resides in the most expensive residence in the world, the Antilia Building, a 27-story skyscraper that is valued at over $1 billion.
Mukesh Ambani is the richest person in the world outside of North America and Europe. He overtook Jack Ma, owner of the Alibaba Group, to become the wealthiest person in Asia.
Forbes magazine has been listing him as India’s wealthiest person for the past ten years and in 2012, they listed him as one of the wealthiest sports owners in the world.
He owns Mumbai Indians, an Indian Premier League franchise, through his company Reliance Industries.
By its market value, Reliance Industries Limited (RIL), is India’s most valuable company and mainly specializes in the oil and gas sectors; petrochemicals and oil refining.
It also has another subsidiary called Reliance Retail Ltd., which is the largest retailer in India.
This Fortune Global 500 company has diversified and expanded to provide services in the Telecommunications industry as well.
This wealthy family has an estimated net worth of US$50.4 billion.
Kamprad family — (net worth) — US$50.7 Billion
The Kamprads are the 9th richest family in the world and the richest family in Sweden.
Their net worth of US$50.7 billion is solely derived from IKEA, the multinational furniture retailer which the family owns.
Swedish business magnate, Ingvar Kamprad, founded IKEA in 1943 when he was only 17 years old and started by selling replicas of his uncles kitchen table.
Today, his sons are following in his foot-steps and run the company.
Ingvar Kamprad died in January 2018 and he was a known fascist, and a Nazi sympathizer.
The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd where he was raised.
Boehringer, von Baumbach family — (net worth) — US$51.9 Billion
The Boehringer, von Baumbach family have a net worth of around US$51.9 billion…
All thanks to their closely held company,…
…Boehringer Ingelheim GmbH, which is one of the biggest drugmakers in the world.
Albert Boehringer founded the company more than 100 years ago in 1885.
And today the Boehringer family, along with its extended von Baumbach family, still own this pharmaceutical company.
They’re the 8th richest family in the world and the richest family in Germany.
Hubertus von Baumbach is the current chairman of Boehringer Ingelheim.
The Boehringer Ingelheim group mainly focuses on…
Biopharmaceuticals, animal health and human pharmaceuticals.
The group’s headquarters are located in Ingelheim, Germany…
And it’s one of the world’s leading pharmaceutical companies.
Boehringer Ingelheim has 146 affiliates…
And more than 50,000 permanent employees around the globe…
With over 8,000 employees alone, working in their research and development facilities, which are spread across four different countries.
The Boehringer Ingelheim company are vested in producing medication for the following key sectors within the pharmaceutical industry:
Respiratory diseases, metabolism, immunology, oncology and diseases of the central nervous system.
The group also has 20 production plants in 13 countries.
The pharmaceutical giant is a registered member of the European Federation of Pharmaceutical Industries and Associations (EFPIA).
Porsche, Piëch family — (net worth) — US$52.8 Billion
The Porsches, along with its extended Piëch family is the 7th richest family in the world and the richest family in Austria.
This wealthy family owe much of their wealth to their Ancestor, automotive pioneer Ferdinand Porsche.
The Austrian industrialist started the Porsche company in the 1800’s and today, his descendants still have full ownership of the company.
The prominent Porsche family also have majority voting rights in Volkswagen AG, one of the biggest car manufacturers in the world!
Collectively, this Austrian family have an estimated net worth of US$52.8 billion.
The surname Porsche originates from the German word Bursche, which means “apprentice” or “farmhand”, and can be traced back to the 17th century in the area of Reichenberg, in northern Bohemia.
Van Damme, De Spoelberch, de Mevius family — (net worth) — US$52.9 Billion
The Van Damme, de Spoelberch and de Mevius are…
three Belgian beer-making families whose roots go all the way back to the 14th century.
The Van Damme family joined the other two, when the 1987 merger between Piedboeuf and Artois led to the creation of Interbrew, which merged with Brazil’s AmBev in 2004 to create AB Inbev.
Collectively, the families own a large stake in brewers AB Inbev and are reported to be worth US$52.9 billion.
An investment firm called Verlinvest, manages more than $2 billion worth of assets for some of the families.
Spoelberch is an old Belgian noble house, they are titled Viscount de Spoelberch.
The family are still legally recognized as being part of the nobility of the Belgian kingdom.
Today this noble house is one of the wealthiest families of the kingdom.
The de Spoelberch family alone has an estimated private fortune of €14 billion.
Until his death in 2017, André de Spoelberch, was among the twenty wealthiest Belgians.
Dumas family — (net worth) — US$53.1 Billion
As of 2019, the Dumas family is the 5th richest family in the world and the 2nd richest family in France.
This wealthy family control a massive net worth of US$53.1 billion.
The Dumas family owe their wealth to their ancestor, Thierry Hermès…
A German immigrant who founded Hermès in 1837.
Today, his descendants still run and control the luxury fashion house.
Axel Dumas, a Harvard graduate, is the chief executive officer of Hermès…
While his cousin, Pierre-Alexis Dumas, is Hermes’s artistic director. Their paternal uncle, Jean-Louis Dumas, was also an acting CEO of Hermès.
Axel Dumas obtained a masters degree in Business Administration from Harvard Business School…
After earning his bachelor’s degree in Philosophy and a master of Law from Paris-Sorbonne University.
He’s married to journalist Elisabeth Franck and she works for Libération.
Axel Dumas joined Hermès in 2003 and quickly rose up the ranks to become its CEO:
2003: Joined the fashion house as an auditor.
2006: Became the CEO of its jewelry division.
2008: Became CEO of its leather goods division.
2012: Appointed as chief operating officer and joint CEO alongside Patrick Thomas.
2014: Succeeded Thomas as CEO in February.
Wertheimer family — (net worth) — US$57.6 Billion
In the 1920’s – Paris, a Jew by the name of Pierre Wertheimer helped fund a little unknown fashion designer…
That designer’s name was Coco Chanel and together – they co-founded the House of Chanel.
Today, his grandchildren, brothers Alain and Gerard Wertheimer, are in control of the privately held company and…
Alain Wertheimer now runs the fashion house that brought us the “little black dress.”
Today, the Wertheimers are the richest family in France and the 4th richest family in the world.
This wealthy family have an estimated net worth of US$57.6 billion!
The two French brothers have vested interests in Bell & Ross. They also own several non-Chanel brands, such as:
Holland & Holland – a British gunmaker, Tanner Krolle saddles and leather goods, Eres Lingerie and beachwear.
The Wertheimer brothers own numerous vineyards across the French countryside, including:
Château Canon in Saint-Emilion and Château Rauzan-Ségla in Margaux.
They also inherited an important stable in the United States, that is known as the Wertheimer et Frère partnership in France.
The La Presle Farm or Wertheimer farm has Thoroughbred horses…
That these two enthusiastic equestrians use for competitive racing.
Koch family — (net worth) — US$124.5 Billion
The Kochs are the 3rd richest family in world.
This wealthy family are in charge of an estimated net worth of US$124.5 billion.
The family enterprise was founded by Fred C. Koch, who developed a new cracking technique for the refinement of heavy crude oil into gasoline.
Fred’s oil refinery firm was inherited by his children, his four sons (Frederick, Charles, David and William) initially ran the family business together until the early 1980’s, when a fraternal feud broke-out for the control of the company.
Charles and David won the battle and booted, Frederick and William, out of the family conglomerate. Koch Industries is a global corporation with annual revenues of more than $100 billion US dollars.
David and Charles own a family office called 1888 Management, which they use to manage a portion of their wealth.
Charles and David Koch have established an extensive political network of conservative donors, and the brothers frequently funnel their substantial funds into television and multi-media advertising.
The environmental NGO Greenpeace and investigative reporter Jane Mayer, stated that…
“The Koch brothers have played an active role in opposing climate change legislation. Anthropogenic climate change denier Willie Soon received $230,000 from the Charles G. Koch Charitable Foundation. Organizations that the Koch brothers help fund, such as Americans for Prosperity, The Heritage Foundation, the Cato Institute, and the Manhattan Institute, have been active in questioning global warming. Americans for Prosperity and the Koch brothers influenced more than 400 members of Congress to sign a pledge to vote against climate change legislation that does not include offsetting tax cuts.”
Mars family — (net worth) — US$126.5 Billion
The Mars family is the second richest family in the world, as well as in America.
They were once ranked by Forbes as the richest family in the United States in 1988, but have since been surpassed by the Walton family.
The Mars family acquired their fortunes from the confectionery company Mars Inc., a closely held corporation that is best known for its M&Ms, Milky Way and Mars chocolate bars.
Not known to many, is that more than US$35 billion of their US$126.5 billion fortune, was earned through sales of their pet-care products. Mars Inc., is solely under the ownership of the Mars family.
Frank Mars was the businessman who founded the family company and he learned to hand-dip chocolates as a schoolboy, today his offspring are still reaping the fruits of his labor.
The Mars family is very protective of their privacy, they forbid to be photographed in public and refuse to give press interviews.
According to Public Citizen, the Mars family is among 17 other billionaire families in the United States, who have been lobbying Congress to eliminate the estate tax.
These super wealthy families have spent an estimated $500 million on lobbying efforts since 1994.
Walton family — (net worth) — US$190.5 Billion
The world’s biggest family fortune is derived solely…
From the profits of Walmart, the world’s richest company in the world.
During its financial year of 2019, Walmart earned more than US$500 billion!
The Walton family owns half of Walmart through its holding companies; Walton Family Holdings Trust and Walton Enterprises.
Collectively, the Waltons own 50.8% of Walmart.
This wealthy family owe a great debt to their forefathers, Bud and Sam Walton…
They’re the ones responsible for co-founding Walmart, the world’s largest retailer.
Jim, Rob and Alice Walton are the three most prominent living members of the richest family in America…
And they’ve been consistently listed in the top 20, of Forbes 400 list since 2001.
The Waltons are the richest family in the world and control an estimated collective fortune of US$190.5 billion!
Richest Family In The World (2019)
Wikipedia.org > List of Wealthiest Families
Wikipedia.org > Alain Wertheimer
Wikipedia.org > Axel Dumas
Wikipedia.org > Boehringer Ingelheim
Wikipedia.org > Porsche, Piëch Family
Wikipedia.org > Chanel
Wikipedia.org > House of Spoelberch
Wikipedia.org > Koch Family
Wikipedia.org > Mars Family
Wikipedia.org > Mukesh Ambani
Wikipedia.org > Walton Family
Flandersnews.be > Who are the richest Belgians
Bloomberg.com > Wealthiest Families
Cnbc.com > Millionaires and Billionaires
Forbes.com > Billionaires