After being in the market for centuries and decades, there are some families that have managed to acquire billions of net worth over years. There are many billionaire families in the USA, the Waltons being the richest with a net worth of staggering $247 billion. From Waltons to Johnsons and Newhouses, the article lists the 10 richest families in America 2023-2024 along with other basic details about them. Not only USA but these families are counted as one of the richest in the world as well (although not in the same ranking).
Top 10 Richest Families in America
The table provides the list of the top 10 richest families in America along with their net worth (as in 2023) and their source of income.
|Family||Tentative Net worth (2023)||Source of income|
|Walton family||$247 billion||Walmart|
|Koch family||$100 billion||Diversified|
|Mars family||$94 billion||Candy|
|Cargill-MacMillan family||$47 billion||Cargill Inc.|
|Lauder family||$40 billion||Estee Lauder|
|S.C. Johnson family||$37 billion||Cleaning products|
|(Edward) Johnson family||$36 billion||Money management|
|Cox family||$34.5 billion||Media|
|Pritzker family||$32.5 billion||Hotels, investments|
|Newhouse family||$30 billion||Magazines, newspapers|
America’s 10 Richest Families in 2023
Let us learn a little bit about these families who are among the richest in the USA in 2023. Most of these families are also among the richest in the world.
The Walton family holds the title of the richest family in America in 2023 with a net worth of around $247 billion. Not only this, the Waltons are the richest family in the world as well, thanks to their stake in Walmart. Walmart was found by Sam and James Walton in 1962 and is currently the world’s largest retailer by sales.
The owners of Koch Industries, America’s largest private company, are te second richest richest in the USA 2023. Charles Koch is the chairman and CEO of the company since 1967 and his three other brothers also inherited stakes in the company. Charles and David still look after the company that has now grown to include paper products, chemicals and a venture capital fund.
Next in line of the richest American families comes the Mars family. The family owns the famous company Mars Inc., one of the world’s largest candy and pet food companies. Mars Inc. started in 1911 when its founder Frank Mars started selling candy out of his kitchen in Tacoma, Washington. The original candy company now also has a pet care division.
Cargill is one of America’s largest private companies and its owner, the Cargill-MacMillan family. The company started as a grain storage business in Iowa in 1865 and now sells and markets food, trades commodities and provides financial risk management. There are around 90 members of family who own 88% of the company and 8 of them are billionaires.
Estée Lauder developed skin creams from her kitchen and soon found a cosmetics firm with her husband in 1946. The company grew up to become the famous and world’s second largest cosmetics company. Today, the Lauder family has 6 millionaires and owns stakes in 29 brands including MAC, Origins and Clinique.
SC Johnson family
Started in 1885 as a parquet flooring company, the Wisconsin-based S. C. Johnson & Son, Inc. is still managed by the family members of the founder even after centuries. The company is a multinational manufacturer of household cleaning supplies and other consumer chemicals. In the list of 10 richest families in America 2023, the family ranks at fifth place.
(Edward) Johnson family
The Edward Johnson family got its riches from the mutual fund company Fidelity founded in 1946 by Edward Johnson II. The family however owns only 49% of the stakes and the other 51% is owned by employees. Managed by the granddaughter of the founder, Abigail Johnson, the company is the second-largest mutual fund company. Net worth of the family in 2023 is $36 billion.
The Cox family owns the Cox Enterprises, one of the largest media and automotive company, that generated over $21 billion in revenues in 2020. James M. Cox founded the company in 1898 and his great-grandson Alex Taylor is the current president and CEO. With a net worth of $34.5 billion, the Cox family is one of the richest in USA.
The Pritzkers runs the chain of 5-star Hyatt hotels and also managed the industrial conglomerate Marmon Group before it was purchased by Berkshire Hathaway. Hyatt was created by A.N. Pritzker in 1957 and is managed by his sons now. Thomas Priztker serves as chairman of Hyatt while his brother, Jason Pritzker, also sits on the company’s board.
The list of 10 richest families in America 2023 concludes with the Newhouse family. The family got its fortune from the publishing empire created by Sam Newhouse in 1922 as Advance Publications. The company also has stakes in Discovery Communications and social news site Reddit. Brothers Samuel and Donald manages the magazine division and the newspaper and television segment respectively.
Walmart, an American multinational retail corporation
The list of 10 richest families in America 2023 is made on the basis of data collected from reliable sources. The people mentioned in the list are currently the richest in the USA but since the market is highly unpredictable, there are chances that the list keeps changing. The data we have provided here is currently up-to-date, but if any changes occur later, we will keep you updated.