When it comes to the richest families in America, most people are not familiar with the clans or their identities. The individual clans may not be household names; however, their companies are very famous. Walmart retailers and Vogue are recognised all over the world. Below is a list of the wealthiest clans and their net worth value.
Since the 19th century, these clans have acquired great wealth and built the business empires seen today. Forbes' top 50 list shows a collective net worth value of around $1.2 trillion, which is an increase from the 2015 value by 30%.
All the families that have been listed here have a net worth of at least $30 billion. There is also a lot of diversity in relation to the type of companies that generate revenues for these families. Here are the top 10 wealthiest clans.
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The Waltons rank first in the list of richest families in the USA, with a net worth of $247 billion. The most significant source of their wealth is their stake with Walmart, the world's largest retailer in sales. Walmart was founded by brothers Sam Walton and James Bud and cumulatively, the heirs hold about half of the retailer's stock. The family is also the Arvest Bank owner, which has 16 bank branches in Missouri, Arkansas, Kansas, and Oklahoma.
The family owns Koch Industries, which is America's largest private company. Fred C. Koch co-founded it in 1940 as the Wood River Oil and Refining Company. The family still owns 42% of its shares and has a net worth of $100 billion.
According to Forbes, the Mars family has a net worth of $94 billion. Frank Mars founded the company in 1911. The company produces candy, with their most popular product being the M&Ms. In 2017, they diversified after purchasing VAC, which is a pet care company.
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The Cargill-MacMillans are among the richest families in American history. They have a net worth valued at $47 billion and own Cargill, which brings revenues of up to $114.6 billion. Accumulatively, the family members own 88% of the shares.
Estée Lauder, together with her husband, founded a cosmetics firm in 1946 while using her kitchen as a start-up location for developing skin creams. Today the company generates more than $14 billion in sales and owns 29 big brands, including MAC, Clinique, and Origins. The family has a net worth of $40 billion and runs the company with William Launder as its chairman.
The Wisconsin-based family owns the SC Johnson, which generates revenues of up to $10.5 billion. S. C. Johnson started the company in 1886. The family has a net worth of $37 billion, making the family among the richest families in American history.
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Edward C. Johnson II founded Fidelity Investments in 1946, and it is among the largest financial firms in the world. The firm is run by Abigail Johnson, the founder's granddaughter. The family accumulatively owns 49% of the company and has a net worth of $36 billion.
The Cox family is among the richest families in America, with a $34.5 billion net worth. The family owns Cox Enterprises, which is a media and automotive company. James M. Cox founded it in 1898, and its revenues in 2019 had gone to ups of $21.1 billion.
According to Forbes, the family has a net worth of $32.5 billion. Their primary source of revenue is generated from hotels and investments since the year 1936. A. N. Pritzker founded Hyatt together with his sons, and currently, the chairman of the company is Thomas Pritzker.
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Newhouse stems its fortune from the giant publication company, Advance Publications. The publishing empire was founded in 1922 by Sam Newhouse and publishes magazines such as The New Yorker, Vogue, Vanity Fair, and newspapers in over 20 states in the US. The family generally runs the company and has a net worth of $30 billion.
Over the years, there have been different billionaires in the ranking list. The year 2020 saw 267 lose their billionaire status while also welcoming 178 others into the list. Here are some FAQs in line with the topic in discussion:
According to the Bloomberg Billionaires Index, the richest person as of 10th February is Elon Musk, founder of Tesla. He has a net worth of $202 billion, surpassing Jeff Bezos, who has a net worth of $193 billion.
Top 10 Richest Families In America
According to Forbes, as of October 2020, the listed number of billionaires counted in the USA was 614. The total number of billionaires in the world that featured in the same list was 2095.
Despite being the richest families in America, some of them have numerous troubles and feuds. All in all, with such dynasties that are still running decades down the line, it means that they are doing something right. You can learn a thing or two from the business gurus.
Reported on Cassper Nyovest net worth as of 2021. Casper whose real name is Refiloe Maele is now ranking among the wealthiest musicians in South Africa and a notable rank across the continent. Born on 16th December 1990 in Mafikeng, Cassper Nyovest began to showcase his talent at a young age. Check out here to get more details about the rapper.’ definitive ranking of the nation’s 50 wealthiest clans includes the heirs to some of the country’s best known brands: Campbell’s Soup, Jack Daniel’s, Walmart and Chick-fil-A.
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’ latest ranking of America’s Richest Families are worth a collective $1.2 trillion—up about 30% from $916 billion in 2015. These families are all worth at least $7.3 billion, up from $6 billion five years ago, the last time we ranked that many.
The Waltons remain the richest. The descendants of Walmart founders Sam Walton (d. 1992) and Bud Walton (d. 1995) own about half of the retailing giant’s stock, which generates more than $700 million in dividend income for the family every year. They’re followed by the Kochs, who own 84% of Koch Industries, which does $115 billion in revenues from businesses that include pipelines, chemicals, Dixie cups and Stainmaster carpet. One of the few families whose fortunes fell since 2015: the Sacklers, owners of opioid producer Purdue Pharma—which has been sued by attorneys general in nearly every U.S. state for the company’s alleged role in the opioid crisis. (See story here.)
Other notable products produced by these ultra-rich families include: M&Ms and Pedigree pet food (Mars family) Jack Daniel’s whiskey (Brown family), Campbell’s Soup (Dorrance family) and Gap clothing (Fisher family). Both the Simplot and Reyes families are key food suppliers to McDonald’s. While the Du Ponts and Rockefellers are on the list, some of America’s most storied dynasties—like Astor, Vanderbilt and Ford—don’t make the cut, their fortunes having largely dissipated over multiple generations.
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Those who have made their fortunes in the modern era, amassing enormous wealth in five decades or less include the Hughes family, who control self-storage giant Public Storage; the Cathys, owners of Chick-fil-A; and the Chaos, of Westlake Chemical, one of the country's largest producers of low-density polyethylene, used for milk cartons and other food packaging. The only Asian-Americans and nonwhites to make these ranks—just one sign of a racial wealth gap in the country—the Chaos trace their fortune in the U.S. to the 1980s, when T.T. Chao (d. 2008) moved his family from Taiwan to this country and founded Westlake Chemical.
Of course, just because these families are super rich doesn’t mean they’re happy. Six of the clans on this year’s list have gone through very bitter—and very public—family feuds, including legal battles over trust funds, sham adoptions and even murder accusations.
’ definitive ranking of the 50 richest families in America. Up/down is compared to their net worth in 2015. (See below the list for the full methodology.)
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Siblings Jacqueline Mars and John Mars and their late brother Forrest Jr. (d. 2016) inherited stakes in the candy company founded by their grandfather Frank Mars in 1911. Family-owned Mars Inc., known for M&Ms and Snickers, also sells pet food and provides pet care. The company has $35 billion in annual revenues.
Third generation members of the powerful Chicago-bred Pritzker clan: From left Tom (chair of Hyatt Hotels), John (founder, Geolo Capital), Penny (former U.S. Commerce Secretary) Tony (managing partner, Pritzker Group) and J.B. (governor of Illinois).
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August Busch Sr. (left) and his great grandson August Busch IV, who ran beer giant Anheuser-Busch from 2006 until its 2008 sale to InBev of Belgium.
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The Dorrance family inherited nearly half of Campbell's Soup; Bennett Dorrance (left) serves on the board. Charlotte Colket Weber (right) was a board member until 2014.
S. Truett Cathy (center) founded fast-food chain Chick-fil-A in Atlanta in 1967; today it's run by his sons Dan and Bubba Cathy.
Raymond & Beverly Sackler. Raymond (d. 2017) and brothers Mortimer (d. 2010) and Arthur (d. 1987) built up Purdue Pharma, which created blockbuster opioid pain drug OxyContin. Overwhelmed by lawsuits, Purdue Pharma declared bankruptcy in 2019.
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Brothers and hotel tycoons Bill (left) and Richard Marriott. Their father opened his first hotel in 1957. Bill chairs Marriott International; Richard chairs Host Hotels & Resorts.
America's first billionaire, John D. Rockefeller (left) founded Standard Oil in 1870. He is pictured with his son, John
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