Nicole Lyn Pesce
the hour that it takes a new Walmart employee to earn the $11 starting
wage, the family that owns the retail giant has banked $4 million.
In fact, the third-generation heirs of Walmart founder Sam Walton have amassed a $191 billion fortune to top Bloomberg’s list of the richest families in the world. And that has grown by $39 billion since the Waltons topped the list last year.
The report breaks that out to the Walton fortune increasing by an
eye-watering $70,000 per minute, $4 million per hour or $100 million per
Walmart rang up $514 billion in sales from more than 11,000
stores across the globe, Bloomberg added. And the family holding company
Walton Enterprises owns a 50% stake in Walmart, which paid out $3
billion in dividends last year.
Related:How the Waltons control Walmart
been a good year for all 25 of wealthiest families in the world,
however, who collectively control almost $1.4. trillion in total wealth,
which is a 24% increase from last year.
And American dynasties
took the top three places on the elite list. The candy-making clan
behind Mars Inc. is in second place with $127 billion in wealth that was
sweetened by $37 billion since last year. And the
industrialists/politicians behind Koch Industries take third with $125
The Saudi royal family lands at No. 4, with Bloomberg
estimating that the House of Saud is worth $100 billion — although the
report notes this is a lowball figure drawn from cumulative payouts that
royal family members are guessed to have taken over the last 50 yeas
from the executive office of the king. The total wealth controlled by
its 15,000 extended family members from its oil reserves, land deals and
government contracts is probably much higher.
fashion houses Chanel and Hermes, the beer makers at Anheuser-Busch
InBev as well as Nutella-makers Ferrero also rank highly on the list.
Related gallery: How America's wealthiest family spends its Walmart fortune (provided by Business Insider)
Here are the top 10 richest families in the world, as reported by Bloomberg.
The Walton family, behind Walmart: $190.5 billion
The Mars family, behind Mars: $126.5 billion
The Koch family, behind Koch Industries: $124.5 billion
The Al Saud family: $100 billion
The Wertheimer, behind Chanel: $57.6 billion
The Hermes family, behind Hermes: $53.1 billion
The Van Damme, De Spoelberch and De Mevius families, behind Anheuser-Busch InBev: $52.9 billion
The Boehringer and Von Baumbach families, behind Boehringer Ingelheim: $51.9 billion
The Ambani family, behind Reliance Industries: $50.4 billion
The Cargill and MacMillan families, behind Cargill Inc.: $42.9 billion