List Of Wealthiest Families

Brothers Theo and Karl Albrecht created the discount supermarket Aldi, Bloomberg reported. Today, there are more than 10,000 stores between the two branches, Aldi Nord and Aldi Sud. Theo also invested in Trader Joe's, transforming it into a chain with more than 350 stores. The Ferrero fortune dates back to 1940s Italy, when Michele Ferrero created what is now known as Nutella.

That is why most of the developed countries have introduced an ‘inheritance tax’ for such families so that the disparities amongst the economic classes could be reduced. BloombergThe company is now run by Johnson’s granddaughter, Abigail. The mutual fund firm, Fidelity Investments, was founded by Edward C. Johnson II in 1946 in Boston and is the largest financial service firm in the world and provides investment services to millions of people. Lin , co-founder of the National Young Arts Foundation and Miami’s New World Symphony, is the matriarch of this family, whose fortune stems from her late husband Ted’s Carnival Cruise Lines. Ted’s son Micky is chairman of the board , and investor Shari, Ted’s daughter, is said to be Israel’s richest woman.

The largest university endowment belongs to Harvard with some $74 billion in assets under management. However, the largest endowment fund overall belongs to Ensign Peak Advisors. They represent The Church of Jesus Christ of Latter-day Saints , with some $124 billion in assets. Buy side institutionTotal assetsMutual Funds, ETFs$21 trillionPrivate equity$5 trillionHedge funds$3 trillionVenture capital$0.5 trillionAlso, buy-side jobs appear to be more sought after across financial career forums.

Walmart is the world’s largest retailer, one of the world’s largest businesses in terms of yearly revenue, and the world’s largest private employer, with little over 2.2 million employees. Alice Walton also has a net worth of $60.1 billion, making her the world’s 14th wealthiest person and the richest woman. Late brothers Karl and Theo Albrecht founded Aldi in 1946 in Essen. The supermarket chain split into two different entities in 1960, Aldi Nord and Aldi Süd, after the siblings disagreed over whether to stock cigarettes. Both groups went on to expand internationally, and Aldi Nord snapped up US chain Trader Joe's in 1979.

The German pharmaceutical company, Boehringer Ingelheim was founded in 1885 by Albert Boehringer. One of the richest families in real estate, the Goldman clan owns more than 700 properties across the country as well as stakes in the World Trade Center developments in lower Manhattan, says Forbes. The Ambani family is the wealthiest family of India and is the owner of Asia’s biggest conglomerate Reliance Industries. Reliance was founded by Dhirubhai Ambani in 1957, and the company oversees refining, petrochemicals, oil, gas, and textiles, and both brothers have their own telecommunication company. Mukesh Ambani has the biggest telecommunication company, Jio of India, and Ani’s elder son, Anmol, is also the executive director of Reliance Capital.

The chain has also been called the "Walmart of France." Association Familiale Mulliez, the family holding company, also controls Leroy Merlin, a home improvement chain, and Decathlon, a sports equipment retailer. The Johnson family is behindSC Johnson, which produces cleaning products such as Pledge, Glade, and Windex.The company was founded by its namesake in 1882 and was eventually taken over by son Herbert Fisk Johnson. Fifth-generation Herbert Fisk Johnson III acts as the current CEO and chairman of the company. Today, his descendants control Tetra Laval, one of the world's biggest packaging companies, which is comprised of Tetra Pak, Sidel, and DeLaval, per Bloomberg. Since being listed in the 1970s by Kwok Tak-seng, Sun Hung Kai Properties has evolved into one of the biggest property developers in Hong Kong. Thomas and Raymond Kwok control the company after ousting their third brother, Walter Kwok, in 2008 following a feud, Business Insider previously reported.

Crown Prince Mohammed bin Salman alone has assets estimated to be worth more than $1 billion, and has been known to drop millions on mansions and yachts. They own vineyards in France and Napa Valley and breed and race thoroughbreds, Business Insider previously reported. The collective net worth of the Belgian beer-making families behind Anheuser-Busch InBev dropped $16 billion in the past year alone. With 123% projected GDP growth, Libya’s economy is estimated to have the sharpest rise. Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses . As the infographic above shows, corporate finance branches out far and wide, handles trillions of dollars, and plays a key part in making modern markets and economies possible.

The Koch family is one of the most political, American families engaged in business, and they control the Koch Industries. The Koch Industries is the second-largest privately owned company in the United States. The family business was started by Fred C. Koch, and he founded the oil refinery firm back then, which later became Koch Industries. Later after his death in 1967, Fred’s four sons litigated against each other in the 1980s and 1990s.

Today,the fortuneis split among 13 family members, 11 of whom are billionaires. They reportedly spent much of the 2000s arguing over trusts, ultimately dividing up the fortune at the end. GDP accounts for roughly 25% of the global economy, a share that has actually changed significantly over the last 60 years. The finance, insurance, and real estate ($4.7 trillion) industries add the most to the country’s economy, followed by professional and business services ($2.7 trillion) and government ($2.6 trillion). Despite a global recession, most of the world’s wealthiest families seem to be doing just fine—however, not everyone on the list has been thriving this year.

According to Bloomberg, the world's 25 richest families control $1.4 trillion of wealth. The granddaughter of L'Oréal founder Eugéne Schueller, Bettencourt Meyers, who is pictured here with her sons Nicolas and Jean-Victor, devotes her time top 10 to writing Bible commentaries and improving Jewish-Christian relations. Founded in 1885 in Germany by Albert Boehringer, Boehringer Ingelheim initially produced tartaric acid for the food industry before branching out into pharmaceuticals. Today, the drugmaker is among the 20 biggest pharma companies in the world. Boehringer's descendants control the family firm, with scion Hubertus von Baumbach serving as company chairman.