Top 10 Richest Families in the World

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When your family’s net worth is more than many countries’ gross domestic products, there stands a chance it is amongst the richest families in the world. Family wealth is more than an individual striking it rich, it is both systemic and generational. These family units are not millionaires, they are multibillionaires.

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The 10 Richest Families in the World

So, who is the richest family in the world? The title currently goes to the Walton family with a net worth of $224.5 billion. Keep reading to find out what other families made the list of the top 10 richest families in the world.

1. Walton Family 

Company: Walmart

Net Worth: $224.5 billion

The Walton family knows its way around some retail revenue. Its namesake, mega-retailer Walmart, has an estimated global revenue of $573 billion. As the family owns nearly half of the company, they should be quite comfortable for generations to come.

2. Mars Family 

Company: Mars

Net Worth: $160 billion

The Mars family got its start in 1902 by selling molasses candy. Now better known for M&Ms than even its Mars bar, the company has diversified its assets into areas such as pet care. Even after four generations, the company is still being run by quite a few members of the Mars family.

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3. Koch Family 

Company: Koch Industries

Net Worth: $128.8 billion

It is said there is money in oil, and if the Koch family is any indicator, this holds to be true. Not all families get along and after fighting in the 1980s, the four brothers that owned the inherited oil firm whittled down to two brothers who are running the show. It is estimated that the Koch brothers conglomerate, Koch Industries, generates an annual revenue of $125 billion.

4. Al Saud Family 

Company: Saudi Royal Family

Net Worth: $105 billion

The House of Saud, though technically not a company, correlates to the Saudi royal family which is a nearly century-old monarchy. Due to this fact, the family’s exact wealth is harder to estimate exactly. Ultimately, the wealth stems from the nation’s extensive oil reserves and payouts from the Royal Diwan, however, the family also deals with government contracts and land deals. 

5. Hermes Family 

Company: Hermes

Net Worth: $94.6 billion

Most people just keep money in handbags, but the family behind the French fashion house made some of their fortune from making and selling them. Birkin handbags as well as scarves, ties and other designer apparel can set customers back thousands of dollars.

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6. Ambani Family 

Company: Reliance Industries

Net Worth: $84.6 billion

The sons of Dhirubhai Ambani inherited their father’s fortune after which Reliance Industries had son Mukesh Ambani as the head of the company. This Mumbai-based conglomerate is the world’s largest oil refining complex. Son, Anil Ambani, runs telecommunications and asset management.

7. Wertheimer Family 

Company: Chanel

Net Worth: $79 billion

The beloved and esteemed fashion house was founded when the Wertheimer family funded the designs of Coco Chanel in the 1920s. Since then, the company has maintained such best-selling staples as the No. 5 perfume and the famous little black dress.

8. Cargill, MacMillan Family 

Company: Cargill

Net Worth: $65.2 billion

What started as a grain storage warehouse is now one of the largest agricultural companies in the world. Cargill also has an estimated annual revenue of $165 billion. The two names derive from descendants of the founder William W. Cargill and his son-in-law John H. MacMillan. These descendants still run the company to this day.

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9. Thomson Family 

Company: Thomson Reuters

Net Worth: $53.9 billion

Not only is the Thomson family one of the richest families in the world, but it holds the status of the richest family in Canada. The family made its money in media starting with radio and now owns a two-thirds stake in Thomson Reuters which is a financial data and service provider.

10. Hoffman, Oeri Family

Company: Roche

Net Worth: $45.1 billion

There can be big money in pharmaceuticals which is inherent when you look at the fortune amassed by drug maker Roche Holdings. It was founded in 1896 by Fritz Hoffman-La Roche and makes much of its revenue today by producing oncology drugs. Today, family descendants still control 9% of the company.

Final Take

It may be hard to imagine this kind of wealth, it is the kind of wealth that lasts generations and builds on itself. These families can no longer be thought of as families but rather as dynasties, some of which have lasted centuries, and likely will continue to endure into the future.

FAQ

Here are the answers to some commonly asked questions about the richest families in the world.
  • Who are the five richest families in the world?
    • The top five richest families in the world currently rank as follows:
      • 1. Walton: $224.5 billion
      • 2. Mars: $160 billion
      • 3. Koch: $128.8 billion
      • 4. Al Saud: $105 billion
      • 5. Hermes: $94.6 billion
  • Who is the richest family in the world of all time?
    • Though dollar for dollar, the Rothschild family is considered to be the richest family in modern history. But due to the dilution of wealth generationally across the entire family, they no longer rank in the current top 10 richest families in the world. The current richest family in the world is the Walton Family with a net worth of $224.5 billion.
  • Is the Rothschild family the richest family in the world?
    • Though it is estimated that the Rothschild family once had a net worth of between $500 billion to $1 trillion, the family no longer makes the list as one of the wealthiest families due to the dilution of wealth across the whole family as well as the dissolution of common business enterprises.
    • The Rothschild family possessed the largest private fortune in the world during the 19th century, even in modern world history, but the family's wealth declined over the 20th century and was divided among many descendants, of whom only a few remain billionaires individually.

Data is accurate as of Jan. 17, 2023, and is subject to change.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

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About the Author

Caitlyn Moorhead has written content for a variety of businesses and publications. After graduating from Central Michigan University cum laude, she moved to New York City where she wrote columns, articles and plays for several years before relocating to Austin, Texas in the fall of 2020.
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