FX.co ★ Top 5 richest families according to Bloomberg

Walmart ($224.5 billion)

The Waltons, owners of US retail giant Walmart, top the list of the world’s richest families. For the fourth year in a row, this family has been ranking first on Bloomberg's list, generating hefty profits from the world’s largest store chain. The Waltons’ fortune is estimated at $224.5 billion. Notably, the family owns 47% of the retailer. Entrepreneur Sam Walton opened his first store in 1962. At present, Walmart has more than 10,500 stores worldwide, and its revenue stands at $573 billion.

Mars ($160 billion)

The Mars family holds second place in the ranking. Mars is one of the biggest producers of confectionery and other food products with a long shelf life. This year, the family has added $18 billion to its wealth, reaching a total of $160 billion. The company has also undergone some management reshuffle. In early September 2022, Mars chief executive Grant F Reid retired after more than eight years in the role. Poul Weihrauch, global president of Mars Petcare, took his place.

Koch Industries ($124.4 billion)

The Kochs, owners of US refining and pipelines conglomerate Koch Industries, are the third in the ranking of the world’s richest families. The company’s revenue surged by $4.4 billion in 2022, reaching a total of $124.4 billion. Koch Industries is one of the largest privately held companies in the US, with Charles Koch being the CEO and David Koch – the Vice President of the company. They own an 84% stake in this second-largest oil conglomerate in the US. The Koch brothers are known to have strong political influence and support Republicans. Koch Industries is believed to be a major violator of environmental laws.

Al Saud ($105 billion)

Al Saud, Saudi Arabia's royal family, ranks fourth on Bloomberg's billionaire list. The House of Saud is estimated to have a cumulative net worth of $105 billion and traditionally resides in the fourth place of the ranking. Their wealth has soared by $5 billion this year. The Saudi royal family consists of 15,000 extended members, with 2,000 of them holding the biggest share of the wealth. The dynasty gets these enormous profits mainly from oil production and expensive property. The royal family also controls Saudi Aramco, the state oil giant and the world’s most profitable company.

Hermes ($94.6 billion)

Hermes closes the list of the top 5 wealthiest families. As of today, the net worth of this French luxury fashion company stands at $94.6. Its history dates back to 1837 when Thierry Hermes started to make riding gear for noblemen. Today, the company specializes in luxury leather goods and perfume. The revenue of the company tripled between 2010 and 2019. This made Hermes the most valuable luxury brand in the world. Notably, in the midst of the covid pandemic in 2020, Hermes was the only company in the segment whose market cap increased to €78 billion. The company mainly produces high-quality clothing and bags that can last for decades.