Walton family are richest in the US with $149bn net worth – Forbes
The Walton family, who own about 54% of retail giant Wal-Mart, continue to be the wealthiest family in the US for a second straight year with a combined fortune of about $149bn (£95bn, €134bn), according to Forbes.
However, the fortune of six heirs of Wal-Mart founders Sam Walton and James "Bud" Walton declined from $152bn in 2014, due to a decline in the shares of Wal-Mart. The fortune is held by Sam's three living children and daughter-in-law, and Bud's two daughters.
Second on the list were the Koch family with a net worth of $86bn. Koch Industries, led by siblings David and Charles, is a diversified conglomerate with more than $100bn in sales.
The Mars family comes in at number three, with a fortune of $80bn. Siblings Forrest Jr, Jacqueline and John own 100% of Mars, the largest candy company in the world with $33bn in sales.
The Cargill-MacMillan family and the Cox family come in at number four and five with $45bn and $34.5bn fortunes, respectively.
The Cargill-MacMillan family wealth was shared by an estimated 23 members, including 14 billionaires. They own 88% of agribusiness giant Cargill Inc, America's largest private company, with $128bn in yearly revenues.
The Cox fortune is shared by three family members who own Cox Enterprises, a company that deals with cable TV, broadband, newspapers, TV and radio stations.
The top 10 richest American families are mentioned in the list below:
Rank | Family | Fortune | Business |
1 | Walton | $149 | Wal-Mart (Retail) |
2 | Koch | $86bn | Koch Industries (conglomerate) |
3 | Mars | $80bn | Mars (candy) |
4 | Cargill-MacMillan | $45bn | Cargill Inc. (agribusiness) |
5 | Cox | $34.5bn | Cox Enterprises (media) |
6 | Hearst | $32bn | Hearst Corp (media) |
7 | Pritzker | $30bn | Hyatt Hotels (hospitality) |
8 | S.C. Johnson | $28.8bn | S.C. Johnson (consumer chemicals) |
9 | (Edward) Johnson | $26bn | Fidelity (mutual funds) |
10 | Duncan | $22.4bn | Enterprise Products Partners (oil and gas pipeline) |
© Copyright IBTimes 2024. All rights reserved.