Top 5 richest families in the world
Despite the coronavirus pandemic wreaking havoc around the world and forcing companies to shut down, there are those whose fortunes continue to increase. They are the world's richest families and their gains this year has been magnificent.
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On the basis of the foregoing, Legit.ng brings you the top 5 world's richest people courtesy of Bloomberg.
It should be noted that the ranking did not feature first-generation fortunes and those fortunes controlled by a single heir.
1. The Walton family
The Walmart family is the richest family in the world with $215 billion (N81,958,000,000,000.02) net worth. The family owns Walmart, the world's largest retailer by revenue, with sales of $524 (N199,748,800,000,000.03) billion from more than 11,000 stores worldwide.
Sam Walton bought his first store in 1945, and when he died in 1992, his eldest son identified as Rob became the chairman.
In 2016, Steuart Walton replaced Bob on the board of Walmart.
Source: UGC
2. The Mars family
Frank Mars established Mars Incorporated, an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services.
The Mars family's net worth is $120 billion (N45,744,000,000,000.01).
Source: UGC
3. The Koch family
Fred Koch co-founded the Wood River Oil & Refining Co in 1945 and his four sons, Frederick, Charles, David and William inherited the company after his death.
The brothers disagreed over the control of the company in the early 1980s, prompting Frederick and William to leave the family business while Charles and David stayed.
The company has since grown into Koch Industries, a conglomerate with annual revenue of about $115 billion (N43,838,000,000,000.01).
The Koch family's net worth is $109.7 billion (N41,817,640,000,000.01).
Source: Getty Images
4. The House of Saud
The House of Saud is the ruling royal family of Saudi Arabia. The family has a net worth of $95 billion (36,214,000,000,000.01).
The net worth estimate is based on cumulative payouts royal family members are calculated to have received over the past 50 years from the Royal Diwan, the executive office of the king.
Source: Getty Images
5. The Ambani family
Dhirubhai Ambani was the founder of Reliance Industries. His sons took control of the conglomerate when he died in 2002. The family's net worth is $81.3 billion (N30,991,560,000,000.00).
The Mumbai-based conglomerate owns the world's largest oil refining complex.
Source: UGC
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Legit.ng earlier compiled a list of Nigeria's wealthiest families, and number one on the list is the Briggs family.
The Briggs family is from the Niger Delta and it is one of the wealthiest families in Nigeria. Late Chief Olu Benson Lulu-Briggs, the family's patriarch, founded Moni Pulo Limited, an oil exploration and production company.
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Source: Legit.ng