Top Richest Families in America

Since the formation of human society, there have been many families that have financially dominated the world. Looking at the pre-dynastic or dynastic period, from pharaohs to Greek-Roman rulers, it appears that many emperors had nearly half of the total world fortune, owing to their ruling territories and pre-historic trading arrangements. However, when modern society arrived, using physical powers to amass vast wealth became obsolete. Multinational corporations and corporate houses now dominate the global economic village.

Top Richest Families in America

1. Walton family

The Walton family is frequently regarded as the wealthiest family in the world, having risen to the top of the Forbes list in recent years. The family inherited the majority of their fortune from Sam Walton, the founder of the world's largest retailer, Walmart. He founded the retail company in 1962, and it now has over 11,000 stores in 27 countries. It operates under 55 different names around the world, including Asda in the United Kingdom and Seiyu in Japan. Walmart shareholders from the Walton family collectively own approximately 50% of the company, valued at $152 billion. Rob, Jim, and Alice, three of the living members, have consistently ranked in the top ten of the Forbes 400 since 2001.

2. Koch family

The Koch family inherited most of their wealth from Fred C. Koch, the founder of Koch Industries. After inventing the method for refining heavy oil into gasoline, Fred began building his fortune and establishing this oil refinery company. According to Forbes, Koch Industries is the second largest privately held company in the United States. Charles G. Koch and David H. Koch, the most recent living members of the Koch family, each own 42% of Koch Industries, which is worth $40 billion. Along with Koch Industries, the family also owns the Koch Family Foundation, a non-profit organization that began with the Fred and Mary Koch Foundation in 1953 and later expanded to include the Charles Koch Foundation, the David H. Koch Charitable Foundation, and the Koch Cultural Trust.

3. Mars family

The Mars family inherited their fortune from Frank C. Mars, the real-life Willy Wonka and the founder of the confectionery conglomerate Mars Inc. According to Forbes, Mars became the third largest privately held company in the United States in 2012, with $30 billion in annual sales. Mars is still entirely owned by the Mars family, with no public shares. Snickers, the world's most famous energy bar, and Pedigree, one of the best-selling dog foods, are both manufactured by the Mars Family.

4. Cargill family

William W. Cargill, the founder of Cargill Inc., left the Cargill family their fortune. He established the company in 1865, following the Civil War in the state of Iowa. With $136.7 billion in revenue and $2.31 billion in earnings, the company is now the largest privately held corporation in the United States. Cargill Inc. is one of the largest agricultural commodity companies. They are best known as a major grain and edible oil trader. Cargill Inc. is now 90% owned by the Cargill family. The family's exact wealth is unknown because the company is privately owned.

5. Johnson family

Edward Crosby "Ned" Johnson, the founder and current owner of Fidelity Investments and Fidelity Worldwide Investment, left the Johnson family their fortune. With his $9.3 billion fortune, Ned Johnson is a living legend in the investment world. Forbes ranks him as the 43rd richest person in America. His daughter, Abigail Johnson, ranks 29th on the current Forbes 400, with a 24% stake in Fidelity and a fortune of $10.3 billion. Ned Johnson and his daughter Abigail Johnson built the company into one of the largest mutual fund and wealth management firms in the world. With 20 million investors, more than 500 different funds, $4.0 trillion in assets under administration, and over $1.8 trillion in assets under management, Fidelity Investments became a major funding group in America.

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