Top 10 RICHEST Families In The World

[Music] most conversations about the world's wealthiest people circle around self-made billionaires like Bill Gates and Warren Buffett all controversial figures like Elon Musk and Donald Trump but these conversations neglect money that has been passed down over generations through massive business dynasties much of the world's wealth is held by mega rich ski ins who were born with billions of dollars at their disposal from snack-food tycoons to fashion moguls today we're counting down the top ten richest families in the world Alan and Gerard were Homer may not be household names but most people are familiar with the company they co-owned Chanel the source of their fabulous wealth is their grandfather Pierre were timer he was the first investor to back a then-unknown designer in Paris in the 1920s her name was Coco Chanel and the rest is history their path to success started back in the late 1800s when Ernest wertimer emigrated from Alsace to Paris and purchased the theatrical makeup company bourgeois which developed the first dry Rouge Ernest Suns Pierre and Paul took over the family business in 1917 by 1920 the company was the largest and most successful cosmetic fragrance company in France the brothers are notoriously reclusive though they do have some elegant public habits like buying up vineyards and breeding racehorses they have a combined net worth of forty five point six billion dollars some accused the work timers who have almost no creative input in chanel of using the company as their personal pocketbook in fact they paid themselves a 3.4 billion dollar dividend last year alone the brothers who have run the luxury goods company for more than 30 years took more than four times the company's net profit and double the dividend they received in 2015 this is another family with a very common product whose shiz away from the spotlight invar Kamprad was a wealthy Swedish investor an entrepreneur with a number of commercial interests but by far his most famous was his affordable furniture brand IKEA Kamprad began to develop a business as a young boy he started selling matches at the age of five when was seven he began traveling further afield on his bicycle to sell to neighbors he found he could buy matches in bulk very cheaply from Stockholm sell them individually at a low price and still make a good profit from match his he expanded to selling fish Christmas tree decorations seeds and later ballpoint pens and pencils when Kamprad was 17 his father gave him a cash reward for succeeding in his studies he opened his first furniture store in 1947 and built it into one of the world's most successful retailers with fiscal 2017 revenues of nearly forty six billion dollars Kamprad relentlessly pursued efficiency to keep his furniture prices low and showed little interest in the trappings of wealth at one point driving a Volvo for two decades when Kamprad passed away in 2018 he left behind a 58 billion dollar fortune with no direct recipient further complicating the matter is that most of it was transferred to a tax haven in Liechtenstein decades earlier because of this discrepancy Kamprad fell from the 11th wealthiest man on earth to the 160 second wealthiest man the details are still foggy but most believe his money was eventually passed down to his three sons who now have a combined net worth of forty eight point nine billion dollars the Dumas family is the eighth wealthiest family in the world with a combined forty nine point two billion dollars net worth again their name may not ring any bells but you're probably familiar with their brand Hermes Gerry Hermes started the family business in 1837 long before the famous scarves and Birkin bags Hermes was a harness maker who provided gear for the houses of royalty throughout Europe his grandson Amin Maurice modernized the family business he brought in his friends Louie Renault and attabi Gotti to make trunks for cars emile maurice also diversified the company into furniture belts and Cuture but it is Jean Louie Duma a descendant of Thierry Hermes that is credited with turning Hermes into a global giant in luxury fashion unlike many business dynasties where in the founding family only holds a financial interest hermes is still actively managed by Axel Duma he is the sixth generation to have a managerial role in the company usually it stops at the third generation Dumas said during a visit to Hong Kong referring to the three generation curse about Family Fortunes it could be that we are two times three Dumas is the great-great-great grandson of the company founder Jerry Hermes staying hands-on in the business has been a hallmark of the Hermes family Dumas mother was head of production and his uncle was CEO he recalls being kid at the dinner table and being a part of family discussions about day-to-day operations of the company it seems as though Hermes will be in the Dumas family for generations to come karl albrecht and his brother Theo were the founders and owners of the popular German discount store Aldi according to Forbes Theo is one of the wealthiest men in the world with an estimated net worth of twenty-two point six billion dollars he's the richest person in Germany and fourth wealthiest in all of Europe his combined net worth with his brother was 51 billion Albrecht was born on 20th February 1920 in Essen Germany his father was a miner and his mother owned a small grocery store in a suburb of Essen the billionaire earned his fortune with his entrepreneurial skills and talent his brother Theo worked alongside him while he transformed his mother's small grocery store which was situated in a corner into what it is today the first Aldi store was launched in 1961 today there are over 4,000 all the outlets in Germany alone and more than 8,000 in France Australia Greece Portugal Great Britain Spain Switzerland US and Poland Aldi sells all kinds of products like skincare regimens household items and projects the ownership of the store was split between the two brothers with Carl getting the more lucrative outlets of southern Germany and Theo being responsible for the northern outlets and the rest of the stores in Europe Carl was lucky to get the rights of the brand in the United Kingdom the United States in Australia Theo died in 2010 and Carl died in 2014 they're passing sparked a family feud over who would benefit from their unbelievable fortune though certain litigation is still in process most of their wealth went to Theo's eldest son Theo Junior imagine if the grocery store the cellphone provider and biggest national construction conglomerate were all owned by the same company no matter where you shop you're still supporting the same business that's essentially the situation in Mexico we're one of the world's richest people Carlos Slim Helu resides the 78 year old has a net worth of fifty nine point two billion dollars and from 2010 to 2013 he was the richest man in the world he is not only the richest man in Mexico but in all of South America his conglomerate includes education healthcare industrial manufacturing transportation real estate media energy hospitality entertainment high-technology retail sports and financial services he accounts for 40% of the listings on the Mexican Stock Exchange while his net worth is equivalent to about 6% of Mexico's gross domestic product needless to say even though most of his business is done behind the scenes Slim is a major player in the world economy he was born in 1942 a Mexican father and a Lebanese mother from a young age slim was interested in both finance and engineering he received a degree in mechanical engineering in 1961 Slim has stated that his mathematical ability and his background of linear programming was a key factor in helping him gain an edge in the business world especially when reading financial statements several of Slim's children are involved with the business guaranteeing that they will benefit from the fortune for generations to come Bernard Arnault is another French fashion Baron who likes to work behind the scenes his products are sported by celebrities and ultra wealthy clientele all over the world the luxury group he oversees LVMH is the parent company of brands like louis vuitton mowie and shondo and Hennessy Cognac are no controls about half of LVMH which had revenues of 42 point six billion euros in 2017 making him the richest man in France in addition to LVMH Arnaud overseas further investment in holding vehicles group Arnaud has invested in Netflix and Blu capital and also took a major stake in French food chain care for in addition he is invested in boo calm and a variety of other online ventures as well as buying princess yachts outright Arnaud began his career working for his father's manufacturing company five years into working for the company Arnaud convinced his father to liquidate the construction division and enter the real estate market under the name Ferran al the new company initially developed specialty holiday accommodation named a director of the company in 1974 he became chief executive in 1977 in 1979 he succeeded his father as president of the company over the next 11 years LVMH is value multiplied 15 times over and sales and profit increased fivefold our nose current network is sixty four point eight billion dollars like Carlos Slim he is determined to keep his family involved in the business and his sons and daughters serve in the financial department as well as on the board of trustees here is a well known family that made their fortune from the eponymous Mars bars Franklin see Mars was the founder of the food company Mars Incorporated that mostly manufactures chocolate candy as a child he suffered from a mild case of polio during which time he learned to hand dip chocolate candy from his mother at the young age of 19 he began to sell molasses chips the family has expanded their brand over the generations they now include such items as Uncle Ben's rice Snickers hubba-hubba juicy fruit M&Ms Milky Way and skittles though Mars bars are far from their bestseller it gave them the capital they needed to create an empire of sweet treats Forbes estimates the Mars family's net worth at seventy billion dollars that includes Jacqueline John and Forrest Mars jr. owners of the largest candy company in the world Mars was founded in 1911 by their grandfather Frank Mars though the brand has struggled to maintain its market share as healthy snacks become more popular it still remains a title in the food industry chances are you're familiar with the Koch brothers for their political influence and public personas however despite the Koch brothers fame as political influences their primary activities are centered around running Koch Industries Incorporated of which they own 84% this is a private company that has revenues topping a hundred billion dollars however it is not really a single company but a conglomerate of other companies the brothers owned On June 5th 2018 David Koch retired from all roles related to the Koch Industries and Koch affiliated group due to health reasons the industries under the coke and briella are diverse ranging from companies that deal with energy to spandex coke companies manufacture paper process minerals create fertilizer and refine oil because most of their companies are not publicly known it is easier for the Koch brothers to hide in the shadows if names like Guardian industries in Vista and molex don't ring any bells it's because they merchants in glass mechanics and chemicals respectively these are businesses that supply our smartphones clothing and even the Mars rover but rarely receive any recognition with thousands of brands under their control the Koch family has a combined net worth of over a hundred and twenty billion dollars they continue to be one of the most influential companies on the globe the Waltons are the second richest family in the world collectively worth around 160 billion dollars that's because they founded the planets largest company by revenue Walmart Walmart is worth over five hundred billion dollars according to Fortune Global 500 lists in 2018 as well as the largest private employer in the world with 2.3 million employees found the Sam Walton's airs own over 50 percent of Walmart through their holding company Walton enterprises and through their individual holdings Walmart was the largest US grocery retailer in 2019 and 65% of Walmart's 510 point three to nine billion dollars sales came from US operations in all the Walton family has about a hundred and seventy four billion dollars in assets depending on how Walmart stock is faring for instance Walmart had its best quarter in a decade at the end of 2018 and the collective net worth of The Waltons went up by 11 billion dollars the family's interests are extremely far-reaching for example and Walton cranker a niece of Bud Walton owns almost every professional sports team in Colorado in addition to the Los Angeles Rams and Arsenal Football Club in recent years Walmart has been adapting to match online competitors namely Amazon meaning that it will stay relevant and profitable for years to come the Rothschild family is one of the most powerful dynasties in human history they are the subject of numerous conspiracy theories and many believe they control the world from the shadows using puppet government's their story begins with Mayer Amschel Rothschild who was born on February 23rd 1744 in Frankfurt AM main Germany starting out in a Frankfurt banking house mayor and his sons became international bankers establishing branches in London Paris Vienna and Naples by the 1820s in addition to banking and finance the Rothschild businesses have encompassed mining energy real estate and winemaking from the early 19th century the family has been known for its considerable charitable activities particularly in the arts and education starting as dealers in luxury items and traders in coins and commercial papers Meyer and his five sons eventually became bankers to whom the French revolutionary and Napoleonic Wars of 1792 to 1815 came as a piece of great fortune they profited from the war by funding many different players and cashing in as an arms dealer fast forward two hundred years the Rothschilds are still the biggest banking family in the world with a combined net worth of over 400 billion dollars according to some sources there are only three central banks in the world in which the Rothschilds don't have a major stake they are North Korea Iran and Cuba and the Rothschilds have diversified outside of banking as well they have major investments in military engineering agriculture and real estate because of their continued dominance they are accused by many conspiracy theorists of determining world events many of these conspiracy theories are anti-semitic in nature as the Rothschilds were one of the first major families to advocate for a Zionist state in the early 1900s though the internet is full of conflicting opinions one thing is certain the Rothschild family has maintained its riches over generations making it the wealthiest in the world [Music]

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Keywords: richest, families, rothschild family, rockefeller family, walton family, The Richest Family in the World, business, money, wealth, power, most powerful families, control the world, jeff bezos, richest kids in the world, luxury, lifestyle, trillionaires, saudi royal family, net worth, top 10, viral, new

Id: r6rHkjWnc2c

Length: 15min 0sec (900 seconds)

Published: Mon Mar 11 2019