There are many prestigious families in the world mostly known for their super successful business ventures who have made millions and billions of fortune for themselves. Among them, the Walton Family is the richest with an estimated net worth of $242 billion shared among the different members of the family. In this article we are going to discuss the top 10 richest families in the world 2023-2024 and also learn a little bit of detail about them.
Top 10 Richest Families in the World 2023
The table provides the list of the top 10 richest families in the world along with their net worth in the year 2023 and their source of income.
|Families||Net worth (2023)||Source of income|
|Walton Family||$242 billion||Walmart|
|Mars Family||$150 billion||Mars Inc.|
|Koch Family||$124 billion||Koch Industries|
|Hermès Family||$112 billion||Hermès|
|House of Saud||$100 billion||Saudi Aramco|
|Ambani Family||$94 billion||Reliance Industries|
|Wertheimer Family||$62 billion||Chanel|
|Johnson Family||$61 billion||Johnson & Johnson|
|Thomson Family||$61 billion||Thomson Reuters|
|Boehringer, von Baumbach Families||$59 billion||Boehringer Ingelheim|
World’s 10 Richest Families 2023
Now that you know about the world’s 10 richest families, their net worth and source of income, let us learn a little bit detail about them in detail.
The Walton Family holds the title of richest family of the world with total net worth of $242 billion. The family hails from United States and have garnered their massive wealth through their retail corporation Walmart. Walmart is the world’s largest retailer, world’s largest private employer and one of the largest business enterprises. The Waltons are also major philanthropist and have donated billions to the charity.
Mars Inc. is one of the biggest manufacturer of confectionery items and it is owned by the Mars family. The success of the company has made the Mars one of the richest families in the world with an estimated combined net worth of $150 billion. The family is very private and do not involve with the media so much.
The Koch family controls the Koch Industries which was founded by Fred C. Koch, an American chemical engineer and entrepreneur. It is one of the wealthiest families with the Koch Industries being their major source of income. Out of Koch’s four sons, two were involved with the business and are attributed with taking the Koch Industries to a new height. Check Richest People in the world
With a combined net worth of $112 billion, the Hermès family is among the top 10 richest families in the world 2023, thanks to their super successful business venture with Hermes International. Established as a harness workshop for English nobles by Thierry Hermès, the company gradually turned into a French luxury design house. Other than the Hermès family, the Dumas family is also associated with this company.
House of Saud
House of Saud is the royal family of Saudi Arabia that was founded more than 300 years ago in 1720. After so many years, the family has only gotten richer and stronger and currently stands as one of the wealthiest families in the world. Saudi Aramco, a petroleum and natural gas company is one of the major source of wealth for this family.
Check: Richest Families in America
Dhirubhai Ambani founded the multi-industry company Reliance Industries which made the family one of the richest in the world. One of the biggest company in the world, Reliance Industries was also the first Indian company to cross 100 billion dollars in revenues. Mukesh Ambani, the eldest son of Dhirubhai Ambani, is the current chairman and managing director of the Reliance Industry that has a net worth of $94 billion.
The fortune of Wertheimer family turned in the 1920s when Pierre Wertheimer funded designer Coco Chanel. Now the company is managed by Pierre’s two grandsons, Alain and Gerard Wertheimer who have turned this company into an international luxury fashion house. The immense popularity of Chanel in turn have made the Wertheimer family pretty rich and powerful.
The owners of Johnson & Johnson, a renowned pharmaceutical company, the Johnson family ranks eighth in the list of top 10 richest families in the world 2023. Started as dental floss and first-aid kits manufacturing company, Johnson & Johnson turned into a global brand with the efforts of Robert Wood Johnson II. The current net worth of the family is estimated to be $61 billion.
Roy Thomson was the founder of the Thomson family when he established a media and publishing empire known as the Thomson Reuters. The family also owns the Toronto-based Globe and Mail newspaper and holds a stake in telecom giant Bell Canada. David Thomson is a key member of the family who looks over the complete family business.
Boehringer, von Baumbach Families
Boehringer, von Baumbach Families is the tenth richest family in the world with a net worth of around $59 billion. The huge fortune of the family comes from the pharmaceutical company Boehringer Ingelheim founded in 1885 by Albert Boehringer. Boehringer Ingelheim is second largest pharmaceutical company of Germany and is managed by Hubertus von Baumbach, great-grandson of the company’s founder.
242 billion dollars