It is a well-known fact that a family that works together succeeds together, and it is very true in the case of these ten families that have created a great fortune over the years and are now included among the ten richest families in the world 2020.
All of these families belong to five countries, including Germany, the United States of America, Saudi Arabia, Mexico, and France. The way these families have earned their fortune is to be a pioneer of international finance or to be the royalty of mighty Saudi Arabia, or to be a successful entrepreneur or even start a candy business.
This list includes some very famous names like the Rothschild family, the Cargill MacMillan family, the Cox family, the Mars family, and the house of Saud. They are the royalty of Saudi Arabia.
So Here Are The Top 10 Richest Families In The World 2020.
10: The Cox Family – United States
The Cox family is one of the wealthiest families in the world and originally belongs to the United States of America. They are primarily known as the founders of Cox Enterprises. The family leader and formerly founder of Cox Enterprises is James Middleton Cox. He is also famous for the fact that he has been Governor of Ohio twice and even tried to run for President in 1920. What makes this family so successful is that they knew how to use their political ties to promote their business, and they just did it that The family’s current net worth is estimated to be around $ 34.5 billion.
09: The Arnault family – France
Estimated net worth: $ 37.7 billion The Arnault family originally belongs to France and is known by the two very famous brands known by the name of Moet Hennessy Louis Vuitton, more commonly known as Louis Vuitton and Christian Dior. Louis Vuitton is particularly renowned around the world for its fancy shoes and bags, while Christian Dior is also known for its anti-aging creams and cosmetics. These two brands are so popular around the world that they are a status symbol, as only the wealthiest people could afford them. The current net worth of the Arnault family is estimated to be around USD 37.7 billion.
08: The Bettencourt family – France
The Bettencourt family, which initially belongs to France, is a very influential family and owner of the world-renowned company L’Oreal SA. What makes this company so unique is that it is the only company run by the richest woman in the world in the world, Liliane Bettencourt. Liliane Bettencourt took over the company in 2016, although it was initially created by Eugene Schueller, who was a Franco-German chemist. Eugene initially started the company by creating a very special hair dye that became very popular and led to the creation of the company. The company’s current net worth is estimated to be around USD 42.7 billion.
07: The Cargill-MacMillan Family – United States
The Cargill-MacMillan family is a United States-based family who discovered that Wallace Cargill initially founded Cargill Inc. in 1865. Since then, the company has only been successful and prospered over the years, converting Cargill- Macmillan is one of the top 10 wealthiest families in the world by earning them a vast fortune. The family has complete control over the company, and this is demonstrated by the fact that they own more than 88% of the company and its shares. The Cargill-MacMillan family’s estimated current net worth is approximately $45 billion.
06: The Slim family – Mexico
The Slim family is a very famous Mexican family, particularly known for finding the Grupo Carso Company. It was originally founded by Carlos Slim Helu, who is also the head of the family. The reason this person is so famous is that from 2010 to 2013, he was ranked as the richest man in the world, according to Forbes; however, in 2016, he was the fourth richest man. Yet, this family has had its fair share of the spotlight, and that too for a good reason. The Slim family’s current net worth is estimated to be at least $ 77.1 billion.
05: The Mars Family – United States
The famous Mars family are residents of the United States of America, mainly known for the world-famous Mars chocolate. It is an extremely favorite company loved by millions worldwide. The company’s popularity has only grown over the years. It was started by Franklin Mars in 1911 and has since been extended and carried by his son Franklin Mars. Franklin Mars is also very famous and deserves credit for the immense success in adding the famous M & Ms and Mars Bars. The current estimated net worth of the Mars Family is approximately USD 80 billion.
04: The Koch Family – United States
The Koch family is a resident of the United States and is known primarily for the renowned Koch industries. Koch Industries is a very distinguished group of Industries that is also the second-largest private company not only in the United States but also in the world. Initially, it was founded by Fred C. Koch in 1940, who originated it as an oil refinery, but eventually, it grew over the years, and real estate, livestock, chemicals, finance, and many more also began. Their current net worth is approximately $ 80 billion US dollars, making them one of the ten wealthiest families in the world.
03: The Walton Family – United States
The Walton family is a family based in the United States. They are known for their famous retail store named after Walmart, which has hundreds of branches across the United States. The Walmart store was initially created by the head of the family Sam Walton, who opened it in 1962, and since then, it has gained considerable popularity and has only grown over the years. Although he didn’t correctly do it from the beginning before this, he’s trying to open two store franchises that didn’t work. The Walton family’s current net worth is $ 152 billion.
02: The House of Saud – Saudi Arabia
The House of Saud is the royal family of the high country of Saudi Arabia. They have ruled the country for many years, almost since the 18th century. Basically, this wealth comes from the vast amount of oil reserves in Saudi Arabia that they have been trading with some mighty nations like the United States and that, in return, has been making lots of money. The family is headed by King Salman Bin Abdul Aziz Al Saud, who became the leader in 2016. The family’s current net worth is approximately $ 1.4 trillion US dollars, making them one of the ten wealthiest families in the world.
01: The Rothschild family – Germany
The Rothschild family belongs to Germany and has mainly earned their vast fortune with international banking. They have been the leading name in international banking since the 1700s, demonstrating just how established this family really is. The head of the family was Mayor Rothschild, known primarily as the assistant and finance manager of the German royal family at the time. He used his name and fame to start the banking and financial business, and then his five children joined him. Their immense success over the years has given them a total net worth of nearly $ 2 trillion, making them the wealthiest family in the world.