People in the world belonging to different professions have different sources of income some of them have a single source while some have multi sources and different business where they invest and make revenue also. Family business means where whole or some members of the family are concerned with the business either inherited from their ancestors or either they settled by their own.
Most of the family business is termed as equal shareholding in the net revenue or as per rules of law which are settled by family members. There are thousands of families which are involved in their family business. These families in return of business get a net revenue which is distributed throughout. The top 10 richest families, according to their net worth are:
List of Top 10 Richest Families In The World in 2017
The Pritzker Family is an American family engaged in entrepreneurship and philanthropy. This is also among the richest family of America as well. The family is famous for owning the Hyatt hotel chain. The family also owns Marmon Group, a conglomerate of manufacturing and industrial service companies. Other holdings, including the Superior Bank of Chicago. They have collectively a net worth of $29 billion, which makes them the 10th richest family in the world.
9. Thai Royal Family:
The Chakri Dynasty is the current ruling royal house of the Kingdom of Thailand while the Head of the house is king of Thailand. The family has different investments and properties along with kingship. The royal family is among the richest royal families of the world. The family has a net worth of $30 billion, which makes them 9th richest family in the world.
8. Cox Family:
The Cox Family is an American bluegrass music group from Cotton Valley with Webster Parish in northern western Louisiana USA. The family owns a wide range of business including Cox Communications, Cox Media Group, Manheim and Auto Trader Group. The Cox family has a net worth of $32 billion, which makes them the 8th richest family in the world.
7. Hearst Family:
Hearst Family is an American family which owns the Hearst Corporation. Hearst is one of the largest diversified communication company in the world. The business ranges from daily newspapers to TV channels including 15 daily 36 weekly newspapers and 300 magazines worldwide. The Hearst Television Inc. operates 31 television stations. The family has a net worth of $35 billion, which ranks Hearst family as the 7th richest family in the world.
6. Johnson Family:
Johnson family is an American family and owns Johnson Family Enterprises having several numbers of firms Johnson & Son, Johnson Financial Group and Johnson Outdoors. Johnson & Son, is a global manufacturer of household cleaning supplies and other consumer chemicals. The family enjoys a net worth of $39 billion, which ranks them the 6th richest family in the world.
5. Cargill and MacMillan Family:
Cargill is an American family and the shareholder of Cargill about 90%. The head of the family was William W. Cargill, who founded the company. Cargill family has two branches William W. Cargill and his son-in-law John MacMillan. Both the families have a collective net worth of $43 billion, which makes them 5th richest family in the world in 2016 and 2017.
4. Mars Family:
The Mars family own Mars Inc. the confectionery company. It is the largest confectionery company all over the world. The family is also among the richest family in the world. In 1988 the family was ranked as the richest family in America until surpassed by the Walton family. They had net assets of $60 billion, which ranks them 4th richest family in the world.
3. Koch Family:
Koch Family is an American family engaged in business and philanthropy also known for their political activities. The family is fortune by Koch Industries the second largest privately held companies in USA. The Koch Brothers, David Koch and Robert Koch are also ranked among world richest people. Koch Family has a net worth of $89 billion, which makes them the 3rd richest family in the world.
2. Walton Family:
The Waalton Family is the descendent of Helen and Sam Walton the founders of Walmart the largest retailer company in the world. Jim, Robson and Alice Walton are the members of the family while Cristy Walton took the place of her husband John Walton. These members are among the richest people of America as well as among the world richest people. Walton family has a net asset of $152 billion collectively which rank them as 2nd richest family in the world in 2016 and 2017.
1. House of Saud:
The House of Saud is the ruling family of Saudi Arabia. The family comprises of thousands of princes and these are descendants of Muhammad bin Saud. The most influential in the family is considered the King of Saudi Arabia currently King Salman. The monarchy of Saudi Arabia is now hereditary. As Saudi has plenty reserves of oil so the family enjoys a net worth of $1.4 trillion, which makes them the richest family in the whole world in 2017.
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These family share business and net worth among them and also promoting their business as well. They are the inspiration for other people in the world who are concerned with family businesses.