The global economy has seen a huge decline since March because somewhere the coronavirus has slowed the markets. But, when you are among the richest families in the world, then all these things have very little effect on you. For example, since January, Mukesh Ambani has jumped nine places on the Bloomberg Billionaires Index. As of August 18, Indian billionaires dropped from fourth place to sixth place on the Forbes Real-Time Billionaires list.
Today, we are going to tell you the names of 10 such families who appear in the list of top 10 richest families in the world.
1. The Walton Family
Walmart is the largest retail chain in the world. According to Bloomberg, their sales in more than 11,000 stores worldwide are $ 524 billion, or 39 lakh crores. The Walton family has been investing money for three generations now and still holds about half of the stake in the company. This is the reason that they occupy the top position among the world's wealthiest families. Currently, Stuart Walton is a director of the company.
Earnings - Walmart Chain of Stores
Total Value - $ 215 billion
2. Mars Family
Frank Mars learned to dip chocolate by hand as a school student and then later opened a company called Mark Ink. However, more than half of the company's $ 38 billion revenue comes from pet care products. Five generations of the Mars family have been part of the business, with Victoria Mars currently holding the post of chairperson.
Earnings - Mars Inc.
Total value - 120 million dollars
3. Coach Family
Four brothers, Fredrick, Charles, David, and William, inherited their father's oil firm. But after a family feud in the 1980s, Charles and David took over the reins of the firm, while Fredrick and William left. The firm then moved on to Koch Industries and achieved a staggering annual revenue of approximately $ 115 billion. Last year, David Koch died. On the other hand, Charles Koch remains CEO.
Earning Point - Coach Industries
Total Value - $ 109.7 billion
4. Al Saud Family
Al Saud is the family that has been in power in the United Arab Emirates for the last 88 years and turned the desert into a gold mine. It is controlled by an estimated 15,000 extended members. Their sources of income include government deals, land deals, and other businesses. Crown Prince Mohammed bin Salman, the son of the seventh emperor of Saudi, has assets of more than 1 billion dollars.
Total Value - $ 95 billion
5. Ambani Family
Mukesh Ambani and his family are the only Indians among the top 10 richest families in the world. Reliance Industries was founded in 1957 by Dhirubhai Ambani, which was divided between his sons, Mukesh and Anil after his death in 2002. Mukesh Ambani today heads one of the largest conglomerates in Mumbai, and Reliance Industries owns the world's largest oil refining complex.
His house, the famous Antilla, is one of the most expensive private residences in the world. Mukesh Ambani's children, Akash, Isha, and Anant Ambani, have joined the family business.
Monetization - Reliance Industries
Total Value - 81.3 Billion Dollars
6. Duma Family
When you hear about Armeus, you think of Birkin bags, beautiful silk scarves, and signature "H" belts. Due to the efforts of Jean Luz Dumas, Aramaic became a global luxury brand and lived up to everyone's wishes. He was the chairman and artistic director of the ARMES Group from 1978 to 2006. He died in 2010. However, family members Pier-Alexis Dumas and Axel Dumas remained artistic directors and presidents, respectively.
Earnings - ARMES
Total value - $ 63.9 billion
7. Wertheimer Family
According to Bloomberg, in 2019 Shanel received $ 12 billion in revenue. While we all know Coco Chanel, Pier Wertheimer was the one who signed a perfume contract with him. Her grandchildren, Ellen and Gerrard, are the main people currently running the fashion house. In addition to Shanel, the Wertheimer family also owns horse riding.
Channel of earning
Total Value - $ 54.4 billion
8. Johnson Family
Edward C. Johnson II established a mutual fund firm in Boston in 1946, which has now turned into an empire, and is now handled by his granddaughter Abigail.
Way of earning - Fidelity investment
Total Value - $ 46.3 billion
9. Behringer became Baumbach family
The two richest families in the world are from Germany. The first is the Behringer Bun Baumbach family and the second is the Albrecht family. In 1885, Albert Behringer founded a German pharmaceutical company, named Behringer Ingelheim. The company is now more than 130 years old, but continues to grow.
At the time of the coronavirus, the company is investigating more than one million compounds that can identify potential molecules and help fight the virus.
Earnings - Behringer Ingelheim
Total Value - $ 45.7 Billion
10. Albrecht Family
The two brothers, Theo and Carl, started handling their parents' grocery store after being on duty during World War II. Over the years, the two brothers converted the store to Aldi, a German chain of discount supermarkets. However, in 1960 the two split up and formed their own companies, ie, Aldi Nord and Aldi Sued. In 1979, Theo put both his sons in this business, while in 2014, after Carl's death, both of his sons started taking over the business.
Means of earning- Aldi
Total Value - $ 41 billion
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