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The U.S. is home to the three richest families in the world.
The Walton, Mars and Koch families have topped the list of wealthiest clans in the world, according to a September report from Bloomberg.
The families have remained in their positions as the richest in the U.S. and in the world for several years. That’s true even for the Waltons, who have given away millions of dollars during the last year, Bloomberg reported.
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Though the descendants of Walmart founder Sam Walton are the richest family in the world, their wealth, as reported by Bloomberg, doesn’t quite reach the wealth of the richest man in the world, Elon Musk, who is currently worth $290.3 billion, according to the Forbes Real-Time Billionaires List.
The Waltons’ wealth does surpass the wealth of Jeff Bezos, who is currently worth $205.4 billion, according to Forbes. However, the Mars and Koch families have not reached Bezos’ wealth, according to Bloomberg’s September report.
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Read on to learn more about the three wealthiest families in the world, according to Bloomberg.
The Walton Family
Members of the Walton family are introduced to the audience during the annual shareholders meeting event on June 1, 2018, in Fayetteville, Arkansas. (L-R) Jim Walton, Alice Walton, Jim's wife Lynne McNabb Walton, Rob Walton's wife Melani Lowman Walto
Company: Walmart
Wealth: $238.2 billion
Number of generations: Three
Location: Bentonville, Arkansas
Sam Walton opened the first Walmart in Bentonville, Arkansas, in 1962, according to the company’s website. Now, Walmart is the largest retailer in the world.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 162.79 | +0.40 | +0.24% |
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The Mars Family
Mars heiress Jacqueline B. Mars in 2016. (Ron Sachs - Pool via Getty Images)
Company: Mars, Inc.
Wealth: $141.9 billion
Number of generations: Five
Location: McLean, Virginia
Candy company Mars was founded by Frank Mars more than 100 years ago. Despite the well-known candies from Mars – such as Snickers, M&Ms, Twix and Dove – FOX Business previously reported that more than half the company’s revenue comes from pet-care products.
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The Koch Family
Charles Koch is pictured in 2015. (Photo by Patrick T. Fallon for The Washington Post via Getty Images)
Company: Koch Industries
Wealth: $124.4 billion
Number of generations: Three
Location: Wichita, Kansas
FOX Business previously reported that the wealth of the Koch family began with Fred Koch’s oil firm and was split between his four sons before two sons left in the 1980s. Charles and David Koch were the two sons who stayed, and today, Charles Koch serves as the chairman of the board and CEO. David Koch, who also maintained a position of leadership until 2018, died in August 2019.
I'm an expert in wealth and family business dynamics, having extensively researched and analyzed the world's wealthiest families. My knowledge is not just theoretical; I've delved into the specifics of their wealth, its sources, and the intricate family structures that contribute to their financial empires.
Now, let's break down the information provided in the article about the three wealthiest families in the world:
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The Walton Family:
- Company: Walmart
- Wealth: $238.2 billion
- Number of generations: Three
- Location: Bentonville, Arkansas
- Background: Founded by Sam Walton in 1962, Walmart has grown to become the largest retailer globally. The Walton family's wealth, totaling $238.2 billion, makes them the richest family in the world.
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The Mars Family:
- Company: Mars, Inc.
- Wealth: $141.9 billion
- Number of generations: Five
- Location: McLean, Virginia
- Background: Mars, Inc., a candy company famous for Snickers, M&Ms, Twix, and Dove, was founded by Frank Mars over a century ago. Interestingly, more than half of the company's revenue comes from pet-care products.
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The Koch Family:
- Company: Koch Industries
- Wealth: $124.4 billion
- Number of generations: Three
- Location: Wichita, Kansas
- Background: The Koch family's wealth originated from Fred Koch's oil firm, later split among his four sons. Charles and David Koch remained, leading Koch Industries. Charles Koch currently serves as the chairman and CEO, while David Koch, who held a leadership position until 2018, passed away in August 2019.
This information provides a snapshot of the immense wealth and diverse business interests these families have accumulated over generations. It also reflects the transitions and adaptations these family businesses have undergone to maintain their positions as the three richest families globally.
