5 Wealthy Families You Should Know

Wealthy families in the world have amassed an unimaginable scale of resources. These families were once like any others but decided to experiment with their entrepreneurial ideas. Today, they are involved in businesses that have played a significant role in engineering consumer choices and maintaining economies all over the world. From owning the oilfields to chocolates found in your fridge, they are everywhere – you just need to do your homework right.

Today, we plan to learn about some of these families. In the list given below, I have mentioned five families that are impressively affluent. Their political, social, and economic clout is exceptional, and their impact on all of us is undeniable and inevitable.

Here are the five wealthiest families you should know: 

1. The Walton Family
   When Sam and Bud Walton founded Walmart in 1962, little did they know that it would become a formidable brand. Walmart remains the largest retailer by revenue in the world, and its meteoric rise is nothing short of exceptionalism. It ended up transforming the lives of the founders and their future generations. Today, there are three generations overseeing the Walmart Group. During the pandemic, the Waltons became richer and amassed as much as USD 23 billion. The Walton family has one of the richest women in the world, Alice Walton, one of the three children of Sam Walton. 
2. The Mars Family
   Mars is one of the most globally acclaimed brands and is associated with one of the richest families in the world. The Mars Family created a massive empire dishing out memorable treats to the world. It is presently being managed by Jacqueline and John Mars, with the former’s son, Stephen Badger, being on the Board of Directors. Interestingly, present-day Mars Inc generates sizable revenue not from chocolates but from pet-care products. What Frank Mars started as a small business is now worth more than a hundred billion dollars. 
3. The Koch Family
   A family feud in the 80s caused Charles and David Koch to take up their father’s oil firm. This firm is now the juggernaut Koch Industries generating revenue of more than a hundred billion dollars. The said Koch Industries is a name to be reckoned with as it stands up on the top as the largest privately owned company in the United States. While David Koch passed away in 2019, Charles Koch remains at the helm of the Industries and leads it with a visionary and tactical temperament. The Koch Family exercises clout in political circles because of its grip on the oil industry. 
4. Al Saud Family
   Oil is money. If you control oil, you control the world. The Middle East is known for its repositories of oil mines, and there is a family that has benefited the best from it. The Al Saud Family is the royalty of the United Arab Emirates. The family has been in power for 90 years now and is a global powerhouse. Their wealth cannot be put into numbers, and their clout over domestic and international deals is just brilliant. The family generates its whooping wealth from land deals, government contracts, and any business that provides services to the state. Ties with Saudi Aramco, the world’s leviathan in the oil industry, give the family leverage so coveted in political and business circles. 
5.  The Ambani Family
   Ask any Indian about Ambanis, and they will let you know that they are everywhere. Reliance Industries is a household name, and people know that it is associated with quality and dependability. Mukesh Ambani inherited a part of his father’s business and took over the reins of Reliance Industries. His vision is exploratory and expansive; Reliance has ventured into everything and anything you can think of, from oil to clothing retail, you name it. He owns one of the most expensive houses in the world, Antilla. Now, his kids have joined the business and are taking up managerial roles.

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