Richest Family in the World – Walton Family, Koch Brothers and Quandt
Which is the richest family in the world? Can you tell me few wealthiest families on Earth? Who are the world’s richest siblings? If these questions come to your mind, then this article will answer them all. After extensive research from authentic and reliable sources, we present you the names of top ranking billionaire families around the world. These names include Walton, Koch, Mars and Quandt.
Must Read: Richest in the world
Walton Family – The Richest Family in the World and Richest Family in America
The Walton family derives its major chunk of wealth from Walmart. It ranks #1 in terms of net worth among all families of the world. It consists of six members. Those six members of Walton family and their net worth are:
- Christy – $37.7 B – Richest Woman in the World
- Jim aka James Carr – $35.3 B
- Alice – $34.9 B
- Samuel Robson – $34.9 B
- Ann – $4.9B
- Nancy – $4.2 B
All of the persons reside in the United States of America. After them comes the Koch family represented by brothers Charles and David.
You can check their net worth anytime on Forbes.
In the above list, ‘B’ stands for Billions. Six people mentioned above are directly or indirectly related to Sam Walton who founded Walmart. Sam had another younger brother James is also known as Bud Walton. Some sources say that both brothers co-founded Walmart while some go on to say that the elder one founded it and Bud joined it later. Bud Walton owned lesser shares in the company as compared to his brother.
Whatever the story may be, both owned stocks of Walmart. After their death, their children inherited the stocks. (Check How the stock market Works) Of the above mentioned six members, Ann and Nancy are daughters of Bud Walton. Jim, Alice and Samuel Robson are children of Sam. Christi is daughter-in-law of Sam Walton and widow of John. You may ask ‘What is the net worth of Walton Family?’. Your answer lies below with calculation.
Total net worth of Walton family is 37.7+35.3+34.9+34.9+4.9+4.2 = $151.9 Billions
The combined fortune of this family stands at massive hundred and two billion US Dollars. This is the only centi-billionaire family in the world today and maybe ever. Together it owns 50.9% stocks of Walmart and this makes them largest shareholder and decision making. According to Business Insider, this family own as much money as the bottom one third of America. With such a gigantic net worth, it can be easily concluded that it is more than the GDP of countries like Iraq, Hungary, Puerto Rico, Azerbaijan, Cuba, Oman, Libya, Morocco and 150 more countries. That is the amount of wealth this family has.
#2) Koch Brothers
After Waltons, comes the Koch Brothers, which consist of Charles, David and Bill. In fact, there is another one called Frederick but he is not involved in any kind of business. He is not on Forbes billionaires and his net worth is also not known. Whereas other three find a place in Forbes 400. Charles Koch and David Koch are jointly fifth richest Americans.
- Charles and David – Net Worth – $42.6 Billion each
- William Ingraham or Bill Koch – Net Worth – $4 Billion
Total net Worth of Koch Brothers = 42.6+42.6+4 = $59.2 Billion
This is nearly half of Walton family’s net worth. A whopping fifty four billion US Dollars makes Koch brothers second richest family in the world and also in America. Source of income for Charles and David is Koch Industries. On the other hand, Bill is not at all involved with his brothers. His fortune of $4 Billions comes from Oxbow Carbon.
Initially, Frederick and Bill owned stakes in Koch Industries. However, a tussle with other two led brothers led to a legal battle. The legal battle ended with Charles and David buying stakes of Fredrick and Bill for $1.3 Billion in the year 1983.
If the net worth of Koch family is to be compared with GDP of some countries then it is more than the GDP of around some 140 countries. Can you imagine this amount of wealth and sense of pride? This family has also been in the news for vigorously spending for cause of the Republican Party. At times, drawing criticisms and complaints, this family is very private about their profits since Koch Industries is a private company.
#3) Quandt Family
Members: Susanne Klatten Quandt, Johanna Quandt and Stefan Quandt
Total Net Worth: 18.7+14.4+16.6 = $49.7 Billions
By reading the name of this family, you may get a little bit surprised as you may have never heard of The Quandts. But if you have ever heard of a luxury automobile maker BMW then you can easily figure out who they are. The Quandts are the largest stakeholder in BMW. Decades ago, BMW was going through its rough phase and at this time Herbert Quandt made a wise decision of investing in this luxury automobile maker. Today, that investment is worth many billions. The patriarch of this family is Gunther, who was accused to be pro-Nazi. Gunther made his fortune supplying uniforms, ammunition, rifles, artillery and batteries to the Nazi Army.
Back in the last year, German TV aired a documentary about the Nazi past of this family, which led to a complete silence on their part. Depicting how regretful they were about their shameful Nazi past. The patriarch made great money by utilizing the labors in concentration camps. They are the richest family in Germany.
Note: In making the list, we have taken ‘net worth’ as a yardstick. While making the list, we faced a big question of which people to consider in a family. Finally, we considered only father-son and siblings as a family Thus, we have not considered those persons as one-family who have common grandfather or great-grand father, while compiling this list of the richest families. You can learn more about the wealthiest families on Forbes.