Friday, October 12, 2007

The New World’s 5 Richest Families


By Vipin Agnihotri


Taking out figures from the Forbes list that appeared in August this year, The India Street has come up with the world’s 5 richest families. Point to be noted here is that since then, Mukesh and Anil Ambani’s wealth has grown exponentially, thanks to the boom in the Indian market.


Furthermore, European and US markets haven’t really moved much over this period. Because of this, there hasn’t been much change in the wealth of the other families. As a result, the Ambani’s brothers, with a combined wealth of $ 78.6 billion, find themselves richer than Carlos Slim Helu of Mexico ($59 billion), Bill Gates ($ 59 billion) and Warren Buffett ($ 52 billion).


Interestingly, we haven’t included these three on our list as all of them are individual billionaires and their wealth shows no change if their entire families are considered together.


Take a look at our list:


Richest family in the world:


Number 1: The Walton Family



The Walton Family is by far the richest family in the world (the dispersed fortunes of the Rockefellers and others being unknown to the public), their wealth inherited from Bud and Sam Walton, founders of the world’s biggest retailer, Wal-Mart.


S Robson Walton: $ 16.7 billion


Jim Walton: $ 16.8 billion


Christy Walton: $ 16.7 billion


Alice Walton: $ 16.6 billion


Helen Walton: $ 16.4 billion


Total: $ 83.2 billion


Number 2: The Ambani Family



The Ambani family is the richest in India


Mukesh Ambani: $ 53.9 billion


Anil Ambani: $ 24.7 billion


Total: $ 78.6 billion


Number 3: The Ingvar Kamprad family



Talking about the Ingvar Kamprad family, it is a Swedish entrepreneurial family and founder of the home furnishing retail chain IKEA.


Ingvar Kamprad: $ 33 billion


Number 4: The Mars family



The Mars family owns the confectionery company Mars Inc., bearing its name


John Mars: $ 10.5 billion


Jacqueline Mars: $ 10.5 billion


Forrest Mars Jr: $ 10.5 billion


Total: $ 31.5 billion


Number 5: The Cox Family



The two daughters of Cox Enterprise; founder James Cox owns this media empire


Barbara Cox Anthony: $ 12.6 billion


Anne Cox Chambers: $ 12.6 billion


Total: $ 25.2 billion


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