Let’s have a look at some of the richest families in the world and learn about their wealth and businesses.
Source: Bloomberg
The Thomson family controls a 70% stake in Thomson Reuters through their company Woodbridge. Thomson acquired financial news provider Reuters for $17.2 billion in 2008.
The Wertheimer family owns Chanel, famous for luxury fashion. The family has also invested in racehorses and vineyards, bringing in substantial revenue.
Mukesh Ambani controls Reliance Industries, India’s largest oil refinery. The Ambani family has key petrochemical and telecommunications holdings in the country.
Mars, founded by Frank Mars in 1902, produces iconic snacks like M&M’s, Milky Way and Snickers. The family also operates a $35.9 billion pet care division.
The Al Saud family controls Saudi Arabia’s vast oil resources, including the sovereign funds worth $925 billion. The family dominates the nation’s political and economic spaces.
Koch Industries, started by Fred Koch as an oil firm, is a conglomerate with a revenue of $125 billion. The family split in the 1980s and is currently run by Charles Koch.
The sixth-generation Hermès family with more than 100 members runs the iconic luxury brand Hermes and is known for its expensive bags which sell for a fortune at auctions.
The Al Thani family, rulers of Qatar since the 19th century, gained wealth from vast natural gas reserves. They own numerous assets and key political positions in the country.
UAE’s ruling Al Nahyan family controls Abu Dhabi’s vast oil wealth, including sovereign assets worth $1.5 trillion. Sheikh Mohammed bin Zayed Al Nahyan is the UAE’s president.
The Walton family owns Walmart, the world’s largest retailer, with a massive 46% stake. They lead the global retail market with $648 billion in revenue in 2023.
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