Everyone seems to be familiar with the phrase, “the family that prays together stay together”. But some don’t just simply stay together but also work to become part of the wealthiest families on this planet.
Many of the following are old families that have accumulated their wealth through working together and supporting each other. They own businesses which are involved in many sectors, diversifying themselves as the years go by.
Who are the 10 richest families in the world 2020?
From owning some of the biggest retail brands and banks to hotels, supermarkets and more, their businesses are parts of our life and we probably don’t even know it. This unbelievable accumulation of wealth seems to be sitting well with the members of the richest families in the world 2020.
In this list of the top 10 richest families 2020, we have representatives from five different countries with the US having the highest number of families in the list.
These Are The Richest Families in the World 2020
10. The Cox Family – United States: $34.5 billion
The Cox enterprise is a conglomerate owned by the Cox family which was founded by James M. Cox in 1898 after purchasing the Dayton Daily News and is currently run by James C. Kennedy, the chairperson, and John Dyer who is the president and CEO.
With an overall worth of $ 34.5 billion, this family is 10th in the list of the top 10 richest families in theworld today.
Cox Enterprises has three subsidiaries, Cox Communications, Cox Media Group, and Cox Automotive. This company has its hands in many sectors including newspaper, radio stations, and television stations.
9. The Arnault Family – France: $37.7 billion
France has maintained a spot in the aspect of luxury goods and fashion apparel. We are all acquainted with luxury brands like Moet, Hennessy, and Louis Vuitton. All these companies belong to the LVMH Group headed by Bernard Arnault, the 10th richest man in the world today. With a family net worth of $ 37.7 billion, this family is 9th on this list.
8. The Bettencourt Family – France: $42.7 billion
At No 8 on this list, we have the Bettencourt Family. This family is in the cosmetics business. The Bettencourt family started with Liliane Bettencourt as one of the principal shareholders in one of the largest beauty products company, L’Oreal.
This company has made great strides. The Bettencourt’s have used their wealth to start the Bettencourt Schueller Foundation whose key motive is to support and develop medical, cultural and humanitarian projects. The family has a total worth of $42.7 billion with Lilliane having the credit of being the wealthiest woman in the world today.
7. The Cargill-MacMillan Family – United States: $45 billion
At No 7, we have the Cargill-MacMillan family. This family is a unique family having the highest number of billionaires in the world, 14 in number. This company has interests in crops, foods, and trade commodities. With a net worth of $45 billion, this company is the largest private company in the US today.
6. The Slim Family – Mexico: $77.1 billion
The Slims are a Mexican family and they own the conglomerate Grupo Carso. Headed by Carlos Slim, the sixth richest man in the world today, this family is worth $ 77.1 billion to occupy the 6th position. This group has diverse interests such as arts, education & health care, sports, and downtown restoration.
5. The Mars Family – United States: $80 billion
The Mars family has made their fortune through the candy company which has their name on it. Founded by Franklin Mars in 1911, this family is worth $ 80 billion today making them the notable No. 5 on this list.
They are a very private family and only a few of the members have ever been photographed or interviewed.
4. The Koch Family – United States: $89 billion
The Koch family ranks at No.4 on the list. Founded by an engineer, Fred Koch in 1940, this company started out as an oil and refining company; they have subsidiaries in diverse fields such as commodity trading, finance, chemicals, etc. This company is the second largest privately owned company in the United States.
3. The Walton Family – United States: $152 billion
This is the family that gave us the gift of the largest and most successful supermarket chain in the world, Walmart.
Opening its first store in 1962 by Sam Walton, this company is the pioneer in the setting up of franchisee stores. The Walton family owns 54% of the total shares of the company, making them the 3rd richest family in the world 2020.
2. The House of Saud – Saudi Arabia: $1.4 trillion
At No. 2, we have a royal family from Saudi Arabia. The Al-Saud family has ruled over Saudi Arabia since the eighteenth century. When you speak of Saudi Arabia, the only business that could come to mind is the oil business.
Headed by King Salman bin Abdulaziz Al Saud, the family has a leaning towards political affairs as well.
1. The Rothschild family – Germany: $2 trillion
This German family, whose net worth is about $2 trillion, associated with international banking since the start of the eighteenth century. The first member to start the business was Mayer Amschel Rothschild in 1760. He served as the finance manager of the German Royal Family.
Having its roots in Germany, his five sons branched out into Frankfurt, Vienna, London, Paris, and Naples to start a multi-century financial empire. This family has a history of maintaining a low profile and hence it is very difficult to ascertain their actual net worth. However, reliable sources put their net worth in the range of $ 2 trillion, making them the richest family in the world2020.
The above families are pure testament to the fact that hard work and harmony plays an immense role in preserving family heritage. It’s observed that these families worked hard for at least a hundred years each, over various generations to attain this position today