The richest families in the world
The richest families in the world live in 4 countries. Among them there are heirs to huge fortunes, pioneers of the international financial market, dynasties of entrepreneurs and a manufacturer of confectionery. One of them is headed by a woman. Two gained wealth through politics and privileged access to resources, and more than 2 million people work under the guidance of one. Each family has a fortune of at least $ 34 billion, and two more than $ 1 trillion.
1. Rothschild Family, Germany
British actress Joanna Lumley with Lord Jacob Rothschild receiving the Prince of Wales medal for charity
• Condition ? $ 350 billion – $ 2 trillion
The richest families in the world can not do without these people. The surname Rothschild has been associated with international banking since the late 1700s. Mayer Rothschild, with whom this rich dynasty began, was the elected assistant and financial manager of the German royal family. He used his position in the courts to give great development to banking for the German aristocracy. When his five sons came of age, they were based in Frankfurt, Naples, London, Vienna and Paris, managing the affairs of local banks. From that moment began the prosperity of a centuries-old financial empire.
Due to relative restraint and isolation in matters of doing business, the Rothschilds formed the impression of conspirators and secret sculptors of history. It is difficult to track their assets and capital among a large number of descendants, but we can say for sure that they are still very rich. No wonder the family motto Concordia Integritas Industria calls for harmony, integrity and industry.
2. The Royal House of Saudis, Saudi Arabia
King Salman bin Abdulaziz Al Saud
• Condition ? $ 1.4 trillion
Despite the fact that the modern government of Saudi Arabia was formed in 1932, the Al-Saud family has maintained an absolute monarchy in the country since the 1700s. Since 2016, the family has been led by King Salman bin Abdulaziz al Saud. The state he controls has huge oil reserves, which accounts for the gigantic state of the Saudis.
3. The Walton Family, USA
The son of founder Sam Walton, chairman of Wal-Mart Stores Inc. Rob Walton on stage during the annual shareholders meeting
• Condition ? $ 152 billion
Sam Walton built a retail empire in a relatively short period. In the late 1940s and 50s, he gained sales experience in various franchise stores. In July 1962, in the city of Rogers, Arkansas, Walton opened the first store, named Walmart, and then – Walmart Discount City. Since 2016, the network is called Wal-Mart Stores Inc. [WMT].
Walton has revolutionized the retail industry. Success was brought by the original strategy – to open large stores with a large assortment of goods in small cities where there is no fierce competition. In the process of development, the company began to provide services for the search, selection and delivery of goods.
The six heirs of Sam Walton own a 54% stake in Wal-Mart Corporation. Now it is the largest non-governmental employer in the world, which provides jobs for approximately 2.1 million people (according to 2015).
4. Koch Family, USA
Brothers David and Charles Kokhi
• Condition ? $ 89 billion
Koch Industries is the second largest privately held company in the world. It is a multinational conglomerate whose activities cover real estate, finance, oil production and refining, trade in consumer goods, and the production of chemicals and fertilizers..
It all started in 1940 when Frederic Koch launched an oil refinery. Things were going well, but the real heyday of the company began in the 1980s, when the business came under the control of his sons Charles and David.
5. Mars family, USA
Business Tycoon. The son of Forrest Mars Sr. and grandson of Frank Mars, founder of the American confectionery company Mars
• Condition ? $ 80 billion
The richest families in the world love a sweet life. Most of the fortunes of these people are made thanks to the world’s largest candy and confectionery corporation – Mars Inc.
The company was founded in 1911 by Franklin Mars. His son Forest Mars became a worthy successor to the confectionery empire, and developed the success of the enterprise, including through the launch of products such as Mars bars and M candies&Ms.
6. Slim Family, Mexico
Carlos Slim Elu is a Mexican businessman of Lebanese descent, the son of Lebanese Maronite immigrants
• Condition ? $ 77 billion
Carlos Slim Elu in 2016 was in fourth place in the list of the richest people on the planet according to Forbes magazine. In the period from 2010 to 2013, he occupied first place in this rating. Slim is the founder of Grupo Carso, a holding conglomerate that controls approximately 40% of the Mexican stock exchange (when calculating the total cost of shares). The main leaders of the financial empire are Carlos Slim himself and his sons.
7. Cargill-McMillan Family, USA
Cargill CEO and President – Dave McMillan
• Condition ? $ 45 billion
The only private company in the world that costs more than Koch Industries is Cargill Inc. (American food company). It was founded in 1865 by William Wallace Cargill. 88% of the company belongs to the Cargill-McMillan family, which has $ 14 billionaires. It is more than in any other family in the world..
8. Betancourt family, France
Liliane Betancourt with her daughter
• Condition ? $ 42.7 billion
In 1909, a young Franco-German chemist named Eugene Schuller developed a unique hair dye formula. Since Paris was the fashionable capital of the world at that time, Eugene easily found a market among wealthy Parisians and hairdressers. As a result, Schuller’s business has become the giant of the cosmetics market L’Oreal [OTC: LRLCY]. His daughter, Lilian, took control of the company after the death of her father and husband Andre Betancourt in 2016. And in 2017, the daughter of Lilian Francoise Betancourt Myers, the richest woman in the world, inherited the largest cosmetic business.
9. Arnault family, France
Bernard Arnault – French businessman, president of the Louis Vuitton Moet Hennessy group of companies
• Condition ? $ 37.7 billion
Another French family of billionaires, Arnault, is best known as the owner of luxury brands Moet Hennessy, Louis Vuitton and Christian Dior. The head of the family, Bernard Jean Etienne Arnault, is still the chairman and CEO of Louis Vuitton. His two children, Antoine and Dolphin, also participate in the administration of the empire..
10. Cox Family, USA
James Cox – American politician, 46th and 48th governor of Ohio, presidential candidate in the 1920 elections
• Condition ? $ 34.5 billion
The last place in the rating about the richest families in the world is occupied by the surname Cox. They learned how to turn access to government into wealth passed down from generation to generation. James Middleton Cox worked two terms (not in a row) as governor of Ohio. In 1920, he participated in the unsuccessful presidential campaign of the Democratic Party.
After political experiments, he opened several newspapers and built a media brand, without moving away from the Democratic Party and Franklin D. Roosevelt, who chose him as his assistant in 1920. Cox Enterprises is now managed by the two grandchildren of James Cox..
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Could you provide more information about the Rothschild family’s connection to Germany? Were they originally from Germany or did they have significant investments or influence in Germany?