in this article we want to discuss the top 13 families that rule the world economy. It’s about an exciting conspiracy theory that claims the biggest and most powerful families own 99 percent of the wealth, leaving 1% for the rest of the world to fight over. They are powerful families that control almost every aspect of life, including politics, business and recreation. This 13 lineage also appears to have unimaginable money and links of influence. Such families come from all over the world, from Europe to China.
Clearly, the appeal of wealthy households reflected a society that idolized wealth and glorified the wealthy. These top tier business leaders are superstars in a sense. They get to examine their abilities as sports, actors and legislators. Effective family businesses can attract people from all walks of life. Although few of us are already wealthy, we all have families. So the qualities of originality, history, heritage, genealogy and excellence are all associated with family businesses. But wealthy families imply monarchy, mainly if the money is passed down through generations. Now let’s start the countdown.
Top 13 families that rule the world economy
1. The Walton family
These Waltons are America’s richest family – and, by some accounts, the world’s largest. Alice, Jim and Rob Walton, at the top of the supply chain. They are also all valued at over $60 billion by 2022. Therefore, they are ranked no. 16, 18 and 19 on Forbes’ billionaire ranking, respectively. However, Walmart is a massive retailer. Thus Walmart, which was established in 1962 by Sam Walton in Arkansas. That is why Walmart is today the country’s largest company. They are worth over $524 billion in sales, including over 2.3 million employees in the United States.
Walmart employees will form their own city, which will be the third largest populated city in the United States. As of May 2022, the company had over 10,500 stores globally and 4,742 in the United States. Walmart is primarily known for its large supermarkets in regional and rural America. Walmart is praised for its affordable goods, but chastised for its labor practices. Except for its rival, Target, the company failed to introduce its vast consumer culture to New York.
2. The Mars family
However, Mars is the Walmart of candy, a functional family business that is widely available and extremely popular. Today, the brand is most recognized for its M&Ms rather than the Mars bar. This world’s largest candy maker expanded in 2017 when it paid $9.1 billion for VCA. In fact, VCA is an animal health company.
Furthermore, Jacqueline and John Mars, whose grandfather, Frank Mars, started the business, are matched for 41st place on Forbes’ ranking of billionaires. According to Forbes, they have a combined net worth of $31.7 billion. A few of the children, the great-grandchildren of Mars relatives, currently oversee the company.
3. The Koch family
Speaking of the Koch family, Charles Koch attributes his vast wealth to his father’s oil business. But he is perhaps popularly known by ordinary people for his choices. It is here that he has shaped by funding aspirants and progressive liberal research institutions. Thus funding academic professorships, and campaigning for strategy roles. He did this in the name of promoting a conservative ideology.
Until David’s passing in 2019, Charles worked alongside his brother David. Charles is valued at approximately $60 billion. Thus tied for 21st place on Forbes’ billionaire ranking. This ranking was with David’s ex-wife Julia Koch and extended family in the same position. Therefore, the Koch family has earned enormous wealth and is among the top 13 families that control the world economy.
4. The Hermès family
Hermès is among the top 13 families that control the world economy. They are a premium French fashion brand known for their qualities. Hermes has great features like scarves, cravats and fragrances, including the famous Kelly and Birkin bags. Thierry Hermès designed aristocratic riding outfits in the nineteenth century.
Today, the company dresses NBA superstars such as LeBron James. So Hermès Apple Watches start at $1,299 and go up from there. Thus old and modern innovation merge. Then Axel Dumas is the managing director and chairman of the company. Perhaps it seems that Pierre-Alexis Dumas is the artistic director.
5. Al Saud
The Saudi royal household, the House of Saud, has a roughly hundred-year legacy of absolute monarchy. Due to years of payments from the Royal Diwan, the emperor’s administrative office. The family’s enormous fortune, valued at $100 billion, had also risen. Al Saud is therefore the 5th on the list of top 13 families that rule the world economy
This Saudi royal family continued to amass fortunes thanks to ties with Saudi Aramco. Aramco is the world’s most valuable company and a powerhouse in the oil sector. So because the House of Saud has too much like 15,000 extra family connections. Therefore, many of them have created companies, received federal contracts and more, and it is challenging to determine the family fortune.
6. The Ambani family
The lone Asian firm on the list, Indian manufacturing giant Reliance Companies, is perhaps the most familiar to the typical readership. Nevertheless, Mukesh Ambani, whose late father launched the firm in 1957, is ranked 10th on Forbes’ wealth list. He handled refining, petroleum, oil, gasoline and textiles. While his brother, Anil, oversees telecoms, wealth management, leisure and energy generation.
Second in the top 13 families that rule the world economy
7. The Wertheimer family
Chanel is known for the classic “little black dress”, fragrance no. 5. Also his brother with high standards of integrity designer Karl Lagerfeld died on February 19, 2019. However, Alain and Gerhard Wertheimer, siblings, now share the ownership of the business. The company was founded by their grandfather Gabrielle Coco Chanel. With a combined net worth of $31.2 billion, the siblings are ranked 43rd on Forbes’ ranking of superstars.
8. The Johnson family
This Edward C. Johnson II created Fidelity Investing in 1946. Yet it is now one of the world’s leading financial services organizations. Fidelity offers wealth management to millions of clients. Johnson’s granddaughter, Abigail Johnson, has a total fortune of $21.2 billion and is ranked 75th on the Forbes list of richest people. This very wealthy woman now runs the company.
9. The Thomson family
Thomson Reuters, a news business, is the source of the Thomson family’s wealth. That’s why Roy Thomson founded a news channel in Ontario, Canada, in the 1930s. But then expanded to the media industry. However, David Thomson, the son of Roy Thomson, is the president of Thomson Reuters. However, with a total fortune of $49.2 billion, he is ranked 26th on Forbes’ billionaire ranking.
10. Boehringer, from the Baumbach Families
Boehringer Ingelheim is a German pharmaceutical company with a record that goes back over 130 years. Many decades ago, it was still the von Baumbachs and the Boehringer family who were responsible for the company. Top 13 families that rule the world economy The Boehringers are number 10 on this list.
11. The Lee Family
The Lees family is ranked as the world’s ninth richest. According to Bloomberg, the Lees are actually the family that runs Samsung. This is currently the world’s largest smartphone manufacturer with 62 subsidiaries. The Lees have emerged as one of Asia’s richest families thanks to the electronics behemoth.
12. The Pritzker Family
The family fortunes were built by AN Pritzker and his sons Jay and Donald. This includes Robert, who founded the Hyatt Hotel chain and invested in companies such as the Marmon Group. Their family money is now divided among 13 individuals, 11 of whom are now billionaires. The family reportedly fought over trusts throughout most of the 2000s, eventually splitting their fortunes.
13. The Kwok family
Sun Hung Kai Holdings has grown into one of Hong Kong’s largest property developers. This has been the case since it was launched in the 1970s by Kwok Tak-Seng. According to Economic Insider, Thomas and Raymond Kwok manage the business. Perhaps this is after expelling their younger brother, Walter Kwok, in 2008 in the middle of a fight.
Conclusion
Finally, these are our top 13 families that rule the world economy. This entry may appear to be a blatant glorification of wealth. This may be at a time when global inequality is increasing and the wealthy elite is shrinking. Perhaps an implicit endorsement of wasteful consumerism at a time when the fate of wealth is in doubt. Furthermore, because the list focuses on families, it excludes the world’s three richest people.
