There is a difference between having money and being rich and making sure that no one in your family will ever have to take public transportation or go to work (unless is one of those obscure and twisted fantasies that only a rich kid could have). Here are the 10 Richest and more powerful families in the world.
Back in 1898, James M. Cox bought "Dayton Evening News" which subsequently expanded to Cable TV, radio, and more, much more. Today, his grandchildren are taking over the family business, and the 41 billion fortune is divided among the 5 of them,
Jim Kennedy (he is Cox Enterprises' current chairman), Blair Parry-Okeden, James Chambers, Katharine Rayner and Margaretta Taylor.
Besides the media business, the Cox family also takes on the automotive market challenge. Eleven years ago, the family made a $4 billion dollar acquisition of DealerTrack, a marker of software for car dealerships. The family also owns "AutoTrader.com", "Kelly Blue Book", and "Manheim Car Auctions".
9. The Bettencourt Family
(Estimated Family Net Worth: $47.5 billion dollars)
If you have never heard this name before, I bet that you have heard of L'Oreal. Back in 1907,
Eugène Schueller started this legendary business after he passed away, his daughter Liliane Henriette Charlotte Bettencourt took over, who was until she died in September 2017, the richest woman in the world. Now, her only daughter, Françoise Bettencourt-Meyers is the richest woman in the world with a net worth by herself of 47.1 billion dollars.
If you have never heard this name before, I bet that you have heard of L'Oreal. Back in 1907,
Eugène Schueller started this legendary business after he passed away, his daughter Liliane Henriette Charlotte Bettencourt took over, who was until she died in September 2017, the richest woman in the world. Now, her only daughter, Françoise Bettencourt-Meyers is the richest woman in the world with a net worth by herself of 47.1 billion dollars.
8. Cargill-MacMillan Family
The Cargill-MacMillan family has the most billionaire members compared to any other family in the world (there are 14 of them). Cargill, Inc is one of the largest private companies in America (if not the largest) and their products and services range from bio-industrial, energy, agricultural food, and beverage to pharmaceuticals, however, most of the 108 billion in revenues come from agribusinesses.
Back in 1865, William W. Cargill started his business empire, founding a small grain storage company, and made his own fortune as the railroad expanded westward at the end of the 19th century in the United States. As his son-in-law, John MacMillan took over the business in 1909, the wealthy family went commonly known as Cargill-MacMillan. The family has not run the company since 1995 when Whitney MacMillan stepped down. The family has agreed that 80% of the company's net income is to stay inside the business for reinvesting activities.
Carlos Slim Helu is, of course, the richest man in Mexico, and is ranked 7 in the Bloomberg Billionaires Index. Carlos alone has a net worth of $65.3 billion dollars (as of April 2018).
He became a billionaire back in 1982 during the currency devaluation and economic crisis of Mexico by investing aggressively and buying companies at very low prices that would soon recover.
In 1990, Carlos had the opportunity to buy Telmex (monopoly telephone company owned by the Mexican government), paying close attention to Telmex's cellular service, offering the public pre-paid phones. The company's customer base exploded, growing at 66% every year, for 15 years.
Besides the telecom companies, Carlos also owns the biggest stake of the New York Times shares. He also bought majority stakes of other big companies in South America such as, "Grupo Carso", among other business in education, media, sports and entertainment, healthcare, manufacturing, real estate, airlines, mining hospitality, technology, retail, oil, and financial businesses.
6. The Mars Family
Well, I guess is candy time! I am sure that all of you guys have eaten at least one of the Mars family candies, if Milky Way, Mars, Sneakers, and M&M ring the bells in your head, this means that you know what we are talking about, for this sweet sins are popular not only in the USA but also worldwide.
Franklin Clarence Mars started his candy selling company from a small kitchen back in the year 1911 and 18 years later his son, Forest Mars, joined in. That was the beginning of nougat flavor invention that formerly became the base of sneakers, one of the world's best selling nougat bar.
5. The Koch Family
This family owns America's second-largest private company. They chose oil and gasoline as the market niches to concentrate their efforts in. It all started back in the year 1920 when Fred Chase Koch, an American Chemical Engineer developed a new method for the refinement of heavy crude oil into gasoline and it was groundbreaking. Today the Koch family runs several businesses, from food companies to transportation.
4. The Arnault Family
Mister Arnault has built his massive luxury empire under the LVMH Moet Hennessy Louis Vuitton umbrella. He just not own one luxury brand, he owns almost every luxury brand that you can think of, here is the list. (Spoiler. includes, Tag-Heuer, Dior, Hublot, Bvlgary...need I say more?). What I find surprising for these days billionaires is that he is not a school drop-out, he graduated with a bachelor degree in Arts and Science, and of course, luxury things can bring the best taste of art.
Mister Bernard has been in the luxury business since 1984 when he bought a company for $15 million dollars, including "Dior", now he is 69 years old and is still the Chairman and CEO of LVMH.
3. The Walton Family
While most of the wealthiest families focus on diversification, running multiple industries at the time, the Walton family only focusses on one...Walmart, yeah, wow, they own the largest retailer in the United States. The retails business revenue reach up to $483 billion dollars in sales. Sam and James "Bud" Walton founded the retail business back in 1962, it grew bigger and bigger until what it is today.
After both of the Walton brothers passed away, Walmart was taken over by their children, Sam's 2 sons and 1 daughter and James'es 2 daughters. Today, the Waltons 3rd generation is in charge o the CEO position and make part of the board members, alongside with Kevin Systrom, co-founder of Instagram, and Marissa Mayer, the CEO of Yahoo.
Forbes crowned them the richest family in the United States.
2. The Al-Saud Family
They are also known as the House of Al-Saud rules Saudi Arabia. The first notable Al-Saud member of the family was Mohammed bin Saud al Qasimi, the founder of first Arabia estate emirate of Syria. Now the family has thousands of members, together they form a wealthy family with an entire net worth that doesn't measure in billions, but trillions of dollars. The family members are also listed in Forbes billionaire list, but the highest rank is for Prince Alwaleed Bin Talal who is currently the 41st richest man in the world with an estimated net worth of $19.5 billion dollars. He does love the eccentricity that only money can buy, owning the most expensive private jet in the world. Let's take a look.
1. The Rothschild Family
(Estimated Net Worth: $2 Trillion???)
Would you ever guess that they are Jewish? well, they are and it makes you wonder how the heck they survive Hitler? well, the answer is...Hitler is just a small-time punk to this legendary family, and when you are a punk, you know who you can push around and from who you should stay away, and these people was just out of his league, in other words, he was better off taking his chances with the United States of America than with these people.
Some people say that the estimated net worth of the family is nearly $500 trillion, which is absurd at first, since the total wealth of the world is $250 trillion (the year 2016), but once you take a look at their history, you will notice the almost limitless power of this family that has played the low profile card for centuries, and start to realize that perhaps there is not enough money in the world yet to pay what many countries owe to this family. It makes you think that the entire world's wealth is one thing and the Rothschild fortune is from another world.
The family goes back to 1744, when Mayer Rothschild was born and raised in a Frankfurt Jewish ghetto in the German Duchy of Hesse. Back then, Jewish people were prohibited to live near Christians, so he was poor and hungry. He lived with 30 other family members and learned very young the secrets of a good trade from his father Amschel Moses Rothschild, who traded silk, coins, and commodities for a living.
Although his parents wanted him to study to be a Rabbi, that of course never happened, partly because he became an orphan at the age of 12 and mostly because of his financial killer instinct that does not go along very well with a religious way of living. So he was just a child and with his parents out of the picture, he took an apprenticeship with a banking firm in Hanover shortly after he turned 13. This is when he learned the "ins" and "outs" of banking and foreign trade.
Forward into the future and as the family's alpha, he left a strict rule after his death, the fortune stays in the family. According to the publication of the discover magazine of 2003, "Go Ahead, kiss your cousin". if any of the Rothschild's women marries someone outside the family, she would lose all her money, inmediately.
The family has been involved in trades since the year 1798 that go from acting like the first Central Bank of Europe, brokering purchases for kings, rescuing national banks and funding infrastructure such as, railroads, and almost every single war that was important since 1798.
Among the things that have leaked from the family history, there is one that I think is the most epic of all, I repeat, the known ones. It was the Napoleonic wars. Nathan Rothschild managed and financed several subsidies that the British government sent to different allies and loaned funds to pay the British troops almost single-handed. At the same time, he secretly funded Napoleon too, this way he was growing his own business with the even use of war. The year was 1815 and Nathan was informed that Napoleon appeared to be suffering defeat at Waterloo while the English government believed that they were the ones that were losing the battle. That was a golden opportunity for Rothschild, who began to sell all his bonds, encouraging the rumor that Napoleon had won and that the British papers will soon be worth only the paper they are written on. Soon the English market panicked and followed Rothschild lead. It was then that Rothschild's agents began buying all the bonds he came across at dirt cheap prices. Two days later, when Wellington's envoy confirmed that Napoleon Bonaparte had indeed suffered a crushing defeat, Nathan Rothschild was effectively in control of the English stock exchange. Until this day (April, 2018), England is still paying back money owed to the Rothschild family from this Napoleonic maneuver.
Now, they claim to have prosperous business in the wine industry and other niches (bull crap to me) making an effort to explain their huge estate, but this is useless and perhaps a little insulting. They thought that it might be a good idea to show $2 trillion in assets to get the people off their back, but, I mean, if it was true, Forbes would had it published a long time ago, but to date, there is no mention in regards the Rothschild's fortune.
For this people, the rest of the billionaires in the world are just kids going crazy in a playground they call "the market", but they still won't say anything or seem visible in any way.
Until next time my friends.
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