In this article, we want to discuss the 13 most important families that rule the global economy. The film revolves around an interesting conspiracy theory that claims that the largest and most powerful families own 99% of the wealth, releasing 1% for the rest of the world to fight over. These are powerful families that control almost every aspect of life, including politics, institutions, and entertainment. These thirteen dynasties also seem to have unimaginable connections to money and influence. These families come from all over the world, from Europe to China.
It is clear that the attraction of wealthy families reflects a society that worships wealth and glorifies the wealthy. These upper echelons of corporate leaders are somewhat of a superstar. Their abilities as athletes, actors and legislators have been scrutinized. Effective family businesses may attract people from all walks of life. Although few of us have become truly wealthy, we all have families. Therefore, the qualities of authenticity, history, legacy, lineage and distinction are all linked to family enterprises. But wealthy families connote ownership, especially if money is passed down through generations. Now let’s start the countdown.
The 13 most important families that rule the world economy
1. The Walton family
The Walton family is the richest family in America and, by some accounts, the greatest in the world. Alice, Jim and Rob Walton, at the top of the supply chain. They are all also estimated to be worth more than $60 billion in 2022. They are therefore ranked 16, 18 and 19 in Forbes’ billionaire rankings, respectively. However, Walmart is a huge retailer. Thus Walmart, founded in 1962 by Sam Walton in Arkansas. Therefore, today Walmart is the largest company in the country. They have sales of more than $524 billion including more than 2.3 million employees in the United States.
Walmart employees will form their own city, which will be the third most populous city in the United States. As of May 2022, the company had more than 10,500 retail stores globally and 4,742 stores in the United States. Walmart is primarily known for its large supermarkets in regional and rural America. Walmart has been praised for its low-cost goods, but rebuked for its labor practices. Aside from its competitor, Target, the company has failed to bring its mass consumer culture to New York.
2. The Mars family
However, Mars is a Walmart candy store, a functional family enterprise that is widely available and very popular. Nowadays, the brand is better known for its M&Ms rather than Mars bars. The world’s largest candy maker expanded in 2017 when it paid $9.1 billion for VCA. In fact, VCA is an animal healthcare company.
Moreover, Jacqueline and John Mars, whose grandfather Frank Mars started the business, are vying for 41st place in the Forbes billionaires ranking. According to Forbes, their combined fortune is $31.7 billion. A few children, descendants of Mars’ relatives, currently oversee the company.
3. The Koch family
Speaking about the Koch family, Charles Koch attributes his vast wealth to his father’s oil business. But he is perhaps best known among the general public for his elections. This is a place shaped by funding aspirants and progressive liberal think tanks. Thus funding academics, and campaigns for strategic roles. He was doing so in the name of developing a conservative ideology.
Until David’s death in 2019, Charles worked alongside his brother David. Charles is worth approximately $60 billion. Hence, he ranked twenty-first in Forbes’ ranking of billionaires. This arrangement had David’s ex-wife Julia Koch and his extended family in the same situation. Therefore, the Koch family has achieved enormous wealth and is among the top 13 families that govern the global economy.
4. Hermes family
Hermes is among the top 13 families that rule the global economy. It is a premium French fashion brand known for its characteristics. Hermès has good features such as scarves, ties, and fragrances, including the famous Kelly and Birkin wallets. Thierry Hermes designed aristocratic riding clothing in the 19th century.
Nowadays, the company clothes NBA stars like LeBron James. So Hermès Apple watches start at $1,299 and go up from there. Thus merging ancient and contemporary innovation. Then Axel Dumas is the CEO and president of the company. It may seem that Pierre-Alexis Dumas is the technical director.
5. Al Saud
The Saudi royal family, the Al Saud, has an absolute monarchy that spans almost a century. Due to years of payments from the Royal Court, the Emperor’s administrative office. The family’s huge wealth, estimated at $100 billion, has also increased. Therefore, the House of Saud occupies fifth place in the list of the top 13 families that govern the global economy
This Saudi royal family continued to amass wealth thanks to ties with Saudi Aramco. Aramco is the most valuable company in the world and a powerhouse in the oil sector. This is because the House of Saud has up to 15,000 additional family connections. Many of them then set up companies, get federal contracts, and more. Determining family wealth is a challenge.
6. The Ambani family
This one Asian company on the list, Indian manufacturing giant Reliance, is perhaps the most well-known to typical readers. However, Mukesh Ambani, whose late father launched the company in 1957, is ranked 10th on Forbes’ wealth list. He dealt with refining, petroleum, petroleum, gasoline and textiles. While his brother Anil oversees communications, wealth management, entertainment and energy production.
Others are among the top 13 families that govern the global economy
7. Wertheimer family
Chanel is known for its classic “little black dress”, fragrance No. 5. Also, his designer brother Karl Lagerfeld who had high standards of integrity passed away on February 19, 2019. However, brothers Alain and Gerhard Wertheimer now share ownership of the company. The company was founded by their grandfather, Gabrielle Coco Chanel. With a combined net worth of $31.2 billion, the siblings rank 43rd on Forbes’ star rankings.
8. The Johnson family
Created by Edward C. Johnson II founded Fidelity Investing in 1946. However, it is now one of the world’s leading economic services organizations. Fidelity provides wealth management to millions of clients. Johnson’s granddaughter, Abigail Johnson, has a fortune of $21.2 billion, and is ranked 75th on Forbes’ list of the richest people. This wealthy woman now runs the company.
9. The Thompson family
Thomson Reuters, a news company, is the source of the Thomson family’s wealth. Roy Thompson then founded a news channel in Ontario, Canada, in the 1930s. However, it later expanded into the field of media. However, David Thompson, Roy Thompson’s son, is the president of Thomson Reuters. However, with a total wealth of $49.2 billion, he ranks 26th in Forbes’ ranking of billionaires.
10. Boehringer, of the Baumbach families
Boehringer Ingelheim is a German pharmaceutical company with a track record dating back more than 130 years. Several decades ago, the von Baumbach family and the Boehringer family were still in charge of the company. Top 13 Families That Rule the Global Economy Boehringer ranks 10th on this list.
11. Lee family
The Lees are ranked as the ninth richest family in the world. According to Bloomberg, the Lee family is actually the family that supports Samsung. This is currently the largest smartphone manufacturer in the world and has 62 subsidiaries. The Lee family has emerged as one of the richest families in Asia thanks to the electronics giant.
12. The Pritzker family
The family fortunes were built by Anne Pritzker and his sons Jay and Donald. Among them is Robert, who founded the Hyatt hotel chain and invested in companies such as the Marmon Group. Their family money is now divided between 13 individuals, 11 of whom are now billionaires. The family reportedly fought over the trust throughout much of the 2000s, eventually splitting the fortune.
13. The Kwok family
Sun Hung Kai Holdings has grown into one of the largest property developers in Hong Kong. This has been since its launch in the 1970s by Kwok Tak Sing. According to Economic Insider, Thomas and Raymond Kwok are running the business. This may have been after their younger brother, Walter Kwok, was expelled in 2008 amid a quarrel.
conclusion
Finally, these are the top 13 families that rule the global economy. This list may seem like a blatant glorification of riches. This could happen at a time when global inequality is increasing and the wealthy elite is diminishing. Perhaps it is an implicit endorsement of wasteful consumerism at a time when the fate of wealth is in doubt. Furthermore, because the list focuses on families, it excludes the three richest people in the world.