Ambani Family Got Richer By Rs 136 Crore/Day In 2019; Walmart Family Added Rs 672 Crore/Day In Their Fortune
Let’s take you on a tour of wealth. Checking out Bloomberg’s annual ranking for wealthiest families in the family, we would like to bring to you the ones who’ve topped this list. Walton Enterprises, the private holding company holding Walmart, is the world’s wealthiest family. Let’s get down in this flow.
Walmart’s Walton Enterprises and its Humongous Fortune
The Walmart family makes $4 million every hour and $100 million every day, amounting to $70,000 per minute. Is that even believable? These numbers are mind-blogging. The rate at which their wealth is increasing is crazy. The time it took you to read this much, added another $23,000 to the Walton family’s treasure.
Spanning over three generations, the Walton Enterprises family consists of its founder, Sam Walton, his heirs including sons Jim and Rob and daughter Alice, along with Sam’s late son John’s widow, Christy Walton and Lucas, his grandson. Nancy Walton Laurie, daughter of Sam’s brother and business partner Bud, also receives earnings.
Their family fortune has swelled by $39 billion to $191 billion, about a 400% gain, since topping the June 2018 ranking of the world’s richest families. This figure increased exponentially by 11% in August 2018.
Walmart is the world’s largest retailer by revenue, with sales of $514 billion from more than 11,000 stores worldwide.
The Rich List and Revolution
In 2019, two other retail clans also joined the top 10: brothers Alain and Gerard Wertheimer, who own a controlling interest in French fashion house Chanel and the Hermès scions. Other American dynasties are close behind in terms of the assets they’ve acquired. The Mars family added another $37 billion, bringing their fortune to $127 billion. The Kochs, industrialists-cum-political-power-players, tacked on $26 billion to $125 billion.
From India, wealth of the Ambani family increased by $7 billion last year, which translates to roughly Rs 136 crore per day.
In all, the world’s 25 richest families have $250 billion more wealth, compared to last year. Altogether, Bloomberg’s top 25 wealthiest dynasties reportedly control a total of $1.4 trillion.
These families along with their companies are:
2. Mars: Mars
3. Koch: Koch Industries
4. Al Saud
5. Wertheimer: Chanel
6. Hermes: Hermes
7. Van Damme, De Spoelberch, De Mevius: Anheuser-Busch InBev
8. Boehringer, Von Baumbach: Boehringer Ingelheim
9. Ambani: Reliance Industries
10. Cargill, MacMillan: Cargill
11. Thomson: Thomson Reuters
12. Kwok: Sun Hung Kai Properties
13. Chearavanont: Charoen Pokphand Group
14. Johnson (Fidelity): Fidelity Investments
15. Cox: Cox Enterprises
16. Quandt: BMW
17. Pritzker: Hyatt Hotels
18. Mulliez: Auchan
19. Johnson: SC Johnson
20. Albrecht: Aldi
21. Rausing: Tetra Laval
22. Hartono: Bank Central Asia
23. Lauder: Estee Lauder
24. Hoffmann, Oeri: Roche
25. Ferrero: Ferrero