Ranked Top 10 Richest Families In The World 2020

The richest families in the world own $1.4 trillion in wealth collectively. This wealth is derived from various industries including retail, media, agriculture, technology and more. As much of the world struggles with the economic fallout of the virus pandemic. Many of the world's richest families are as wealthy as ever for the sake of simplicity. We have limited our list of riches families to those groups who originally made their fortunes through business. So, here's the list of 10 richest families in the world.

10. The Albrecht Family

The albrecht and his brother carl revolutionized the german grocery market with a low-cost business model. They had developed the supermarket as an outgrowth of their mother's small grocery store. Which she had opened in 1913. Today the supermarket chains over 10,000 stores in around 20 countries and an estimated combined turnover of more than 41 billion dollars. As per HR global magazine reports they have once said to own an island located in the north sea where they indulge their hobbies such as golf and pastimes included the collection of antique typewriters.

9. The Boehringer and Von boumbach Family

This family is stand at number nine for wealthiest family in the world with a combined 45.7 billion dollars in net worth. The family's net worth comes from the pharmaceutical company that was founded in 1885 in germany by albert boehringer with over 47,000 employees in 103 countries. Their company is one of the world's top 20 pharmaceutical companies after the worldwide virus pandemic. Their net worth has increased due to the mass production of pharmaceutical products.

8. The Johnson Family

The johnson family is among the wealthiest in america with a fortune estimated at billion dollars. Samuel johnson founded the company in 1886. After acquiring a park cave flooring company from modest beginnings as a flooring company. The family expanded and diversified into multiple household cleaning products. In addition to financial services and outdoor recreational gear. Abigail johnson is the CEO of the company. She took over for her father and has been chairman since 2016. She is also one of the richest women in the united states with an estimated revenue of 15 billion dollars.

7. The Wertheimer Family

Alaine and gerard wertheimer with a net worth of 54.4 billion dollars are co-owners of luxury brand Chanel. They are amongst the 10 richest people living in france. Their wealth while largely inherited has been grown through business deals and acquisitions spanning retail wine and horse racing. The brothers are largely tight-lipped hardly ever speaking to the press or giving interviews about their wealth companies family relationships or hobbies. They live lavish lifestyles in private and are known as fashion's quietest billionaires.

6. The Dumas Family

The dumas family airs to the 63.9 billion dollar hermes fortune turned a leather store into a luxury empire and became one of the wealthiest families in the world. There are 16 heirs to the hermes fortune but two cousins pierre alexis and axel dumas are at the head of the ultra luxurious parisian fashion house that rakes in billions of dollars in profit each year in the fashion industry. Ejemez is the ultimate status symbol its signature birken bag takes more than costs up to six figures and can be seen on the arms of celebrities and princesses.

5. The Ambani Family

The Ambani family is india's richest family in fact ambani family is the richest in asia living in their 27 story 400,000 square feet luxury mansion in india. Ambani family's wealth lies in reliance industries a conglomerate in india that owns the biggest oil refining complex in the world. It also owns businesses all throughout india including companies in the retail and telecommunication sectors. The ambani family has an estimated net worth of 81.3 billion dollars according to forbes ambani makes an average of almost $4.5 million per day.

4. The Al-assad Family

The immense wealth of saudi arabia's royal family comes from a combination of proceeds from saudi arabia's oil industry and the royals personal earnings from negotiating government contracts and other investments. The family's massive fortune estimated at 100 billion dollars has grown. Thanks to decades of payments from the royal duan the king's executive office crown prince mohammed bin salman alone has assets estimated to be worth more than 1 billion dollars and has been known to drop millions on mansions and yachts.

3. The Koch Family

This american family engaged in business is best known for their political activities and their control of coke industries. The second largest privately owned company in the united states. Coke industries generates roughly 115 billion dollars in revenue annually. Charles coke and the late david coke commonly referred to as the koch brothers are the only ones of fred koch's four sons who were still with coke industries.

2. The Mars Family

The mars family is an american family that owns the confectionary company mars inc bearing. Their name the family once was ranked as the richest family in the united states. Today the company is better known for making m&m's and mars bar. The whole family combined have a net worth of 120 billion dollars.

1. The Walton Family

The Waltons are the richest family in the world with an estimated net worth of 215 billion dollars. Jim and alice walton are each worth more than 44 billion the majority of the family's wealth derives from the heritage of bud and sam walton who were the co-founders of walmart. Walmart is also the world's largest retailer with over 2.2 million employees.