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Wednesday, March 29, 2023

C-Suite Advisory

Ranked By Net Worth: Richest Families In The United States, 2018

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajC-Suite Advisory

With a total family wealth of $151 billion, the Walton family of Walmart is the wealthiest clan in the United States for 2018 — more than the entire GDP of Hungary, Ukraine, or Kuwait.

Sam and Bud Walton founded Walmart in 1962, today, Walmart reports sales of $500 billion, making it the world’s largest retailer by revenue. The Walton family fortune is dispersed among 7 family members, including Jim Walton, S. Robson Walton, Lukas Walton, Ann Walton Kroenke, Christy Walton, Nancy Walton Laurie, and Alice Louise Walton. Alice is also the wealthiest woman in the world with a $43.7 billion fortune.

The Koch family, of Koch Industries, is ranked second with $98.7 billion, followed by Mars family, Cargill-MacMillan family, and Cox family. And coming in sixth is the Pritzker family, with $33.5 billion, known for Hyatt Hotels.

Here is the list of the top 25 richest families in the United States:

25. The Gallo family
Gina Gallo and her husband Jean-Charles Boisset.
Net worth: $10.7 billion
Source of wealth: E & J Gallo Winery

24. The Rockefeller family
Net worth: $11 billion
Source of wealth: Standard Oil

23. The Butt family
Net worth: $11 billion
Source of wealth: H.E. Butt

22. The Mellon family
Net worth: $11.5 billion
Source of wealth: Mellon Bank

21. The Marshall family
Net worth: $12 billion
Source of wealth: Investments

20. The Brown family
Net worth: $12.3 billion
Source of wealth: Brown-Forman Corp.

19. The Sackler family
Net worth: $13 billion
Source of wealth: Purdue Pharma

18. The Busch family
Net worth: $13.4 billion
Source of wealth: Anheuser-Busch

16 (TIE). The Goldman family
Net worth: $13.7 billion
Source of wealth: Solil Management

16 (TIE). The Hunt family
Net worth: $13.7 billion
Source of wealth: Hunt Oil Company

15. The du Pont family
Net worth: $14.3 billion
Source of wealth: DuPont

14. The Ziff family
Net worth: $14.4 billion
Source of wealth: Ziff Davis Inc.

13. The Dorrance family
Net worth: $17.1 billion
Source of wealth: Campbell’s Soup

12. The Newhouse family
Net worth: $18.5 billion
Source of wealth: Advance Publications

11. The Lauder family
Net worth: $24.3 billion
Source of wealth: Estée Lauder

10. The Hearst family
Net worth: $24.5 billion
Source of wealth: Hearst Corporation

9. The Duncan family
Net worth: $26 billion
Source of wealth: Enterprise Products Partners

8. The SC Johnson family
Net worth: $28.2 billion
Source of wealth: SC Johnson

7. (Edward) Johnson family
Net worth: $28.5 billion
Source of wealth: Fidelity

6. The Pritzker family
Net worth: $33.5 billion
Source of wealth: Hyatt Hotels

5. The Cox family
Net worth: $33.6 billion
Source of wealth: Cox Enterprises

4. The Cargill-MacMillan family
Net worth: $42.3 billion
Source of wealth: Cargill Inc.

3. The Mars family
Net worth: $89.7 billion
Source of wealth: Mars Inc.

2. The Koch family
Net worth: $98.7 billion
Source of wealth: Koch Industries

1. The Walton family
Net worth: $151.5 billion
Source of wealth: Walmart

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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