Families of Fortune: Bloomberg's Ranking of the World's Wealthiest Dynasties
In 2023, the wealthiest family in the world is the ruling Al Nahyan dynasty of the UAE, with a fortune of $305 billion. The family has been in control of the territory that now constitutes the UAE for decades.
This is reported by Bloomberg.
Sheikh Mohammed bin Zayed Al Nahyan, the ruler of Abu Dhabi, currently serves as the country's president, and members of his family hold positions in both the government and the private sector.
Over the past four years, the shares of International Holding Co., controlled by the royal family, have surged by almost 7,000%.
Taking the second spot on the ranking is the family of Walmart founder Sam Walton, with a wealth of $259.7 billion. The company's revenue for the last financial year, with over 10,500 stores worldwide, amounted to $611.3 billion.
The third position, with a fortune of $150.9 billion, is held by the Hermès family, owners in the sixth generation of the French luxury goods manufacturer Hermès. The Hermès family owns more than two-thirds of the company.
Following closely is the Mars family, owners of Mars Incorporated, with a wealth of $141.9 billion. The top five richest families in the world is rounded off by the ruling dynasty of sheikhs and emirs in Qatar, the Al Thani family, with $133 billion—making their first appearance on this list.
Securing the sixth position is the Koch family, with a wealth of $127.3 billion, owners of the second-largest private company in the USA, Koch Industries.
Seventh is the ruling Al Saud dynasty of Saudi Arabia with a fortune of $112 billion.
Eighth is the family of Indian billionaire Mukesh Ambani, with a wealth of $89.9 billion.
Ninth is the Wertheimer family, owners of the controlling stake in the French house Chanel, with $89.6 billion.
Closing the top ten is the dynasty of Canadian media magnate Roy Thomson, with $71.1 billion, the founder of one of the world's largest media groups, Thomson Corporation.
In total, Bloomberg's ranking includes the top 25 wealthiest families. Their combined wealth has increased by 43%, or $1.5 trillion, over the past year.
Earlier, The Gaze reported that Buckingham Palace is holding high-level consultations for a comprehensive assessment of the situation in light of accusations of racism and financial losses due to such publications. This comes after it became known that King Charles III and Catherine, Princess of Wales, expressed curiosity about the skin colour of the future child of the Duke and Duchess of Sussex. Senior members of the royal family plan to present a united front regarding allegations of "unconscious bias." It is noted that King Charles III and Prince William have not yet met to discuss the accusations against the royal family.