Richest American Families!!
Have you ever caught yourself thinking how much wealth can a family exert to be the richest? To answer this, we have compiled the richest American families in this article.
America as a nation is often correlated with the wealth or power it holds in different folds. Therefore, it should come as no surprise that the richest family in America is actually the richest family in the world!
According to Forbes, the collective net worth of the current top 50 richest families in America marks $1.2 trillion.
In 2015, this figure was just $916 billion, which means these top clans exerted 30% growth in these past years.
Even the global pandemic has not stopped these families from adding wealth to their fortune.
With a total net worth of $247 billion, Waltons remain on the top of the list, all thanks to their stakes in the largest retailers in the world, Walmart.
And with more than a $100 billion gap, the Koch family holds the second position.
Now that we already have dropped our jaws let’s get into a little more detail about these top 10 Richest American Families!
|Rank||Families||Net Worth (In USD)|
|1.||Walton Family||$247 Billion|
|2.||Koch Family||$100 Billion|
|3.||Mars Family||$94 Billion|
|4.||Cargill-MacMillan Family||$47 Billion|
|5.||Lauder Family||$40 Billion|
|6.||S.C Johnson Family||$37 Billion|
|7.||(Edward) Johnson Family||$36 Billion|
|8.||Cox Family||$34.5 Billion|
|9.||Pritzker Family||$32.5 Billion|
|10.||Newhouse Family||$30 Billion|
Richest American Families
#10. Newhouse Family
Major Source of Wealth: Magazines and Newspapers
Company Headquarters: New York
Net Worth: $30 Billion
Donald Edward Newhouse is the man behind some of the leading magazines and newspapers like Vogue, Vanity Fair, The Plain Dealer, The New Yorker, The Star-Ledger, and so on.
Edward (born 1929) is the son of the late Samuel Irving Newhouse Sr. To illustrate, after the death of his father, Donald inherited the Advance Publication, which currently supplies 24 U.S cities.
Not only the aforementioned, but Advance Publication also owns Discovery Communications and Reddit.
Along with Donald, his two sons also inherited the firm. His son Steven works as the co-president for the publication house.
The billionaire heir Donald Newhouse is Jewish, and back in 2010, he was featured in the list of the World’s 50 Richest Jews.
#09. Pritzker Family
Major Source of Wealth: Hyatt Hotel Corporation
Company Headquarters: Chicago, Illinois
Net Worth: $32.5 Billion
The Pritzker Family has been staying on the list of Top 10 America’s Richest Families since 1982.
A.N Pritzker was the one who founded Hyatt Hotels and further also invested in Marmon Group. The latter one is now owned by Berkshire Hathaway.
In the 2000s, the already wealthy Pritzker family had a dispute, and they divided their fortune, including Hyatt Hotels.
Currently, Thomas Pritzker is the chairman of Hyatt Hotel Corporation, and his son, Jason Pritzker, is one of the board of directors. Likewise, other family members also look at different sectors of the hotel chain.
Did you know that there are more than 210 hotels and resorts managed and mobilized by the Hyatt corporation?
Not only that, but these 210 ventures are spread in 43 different countries around the world, featuring more than 90,000 rooms altogether!
And as everybody knows, with such a great hotel empire comes great fortune, which sum up the total net worth of the Pritzker family!
#08. Cox Family
Major Source of Wealth: Media and Automobile
Company Headquarters: Atlanta, Georgia
Net Worth: $34.5 Billion
Cox Enterprises is a media and automobile corporation held privately by the Cox family.
Originally, the company was established by James M. Cox, and today, it is flourishing under Alex C. Taylor. Alex is the great-grandson of James, and he serves as the CEO and president of the company.
This multi-billion company owns Dayton Daily News, and the interesting fact is back in 1989, James purchased the Dayton Evening News, which was his first newspaper.
Reportedly, the enterprise collected a revenue of $21.1 billion in 2019. To detail, the company sold a share worth $3 billion to Apollo Global Management the same year.
Some of the major companies working under Cox Enterprises are Kelley Blue Book, Valpak, Autotrader, Manheim, and so on.
#07. (Edward) Johnson Family
Major Source of Wealth: Money Management
Company Headquarters: Boston, Massachusetts
Net Worth: $36 Billion
Edward Johnson III is the owner of Fidelity Investments and Fidelity International, thus the main name of the Johnson family.
The American billionaire investor runs the aforementioned company with his daughter, Abigail Johnson.
Fidelity Investments was established in 1946 by Edward C. Johnson, the grandfather of Abigail. As Johnson III received the company from his father, Abigail also succeeded him in 2014.
The multi-billionaire investor has the company lodged in Boston, where Anne Richards works as the CEO.
According to the stats, there are more than 26 million customers of this company, and it holds the assets worth $4.2 trillion under management!
The Johnson family owns 49% of the corporation, and the remaining portion is monitored by other employees considering their positions.
Similarly, Edward Johnson IV, the son of the Johnson family, runs a family-owned real estate company.
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#06. S.C Johnson Family
Major Source of Wealth: Cleaning products
Company Headquarters: Racine, Wisconsin
Net Worth: $37 Billion
The man who acquired billions of dollars from selling cleaning goods- S.C Johnson! Back in 1886, Johnson founded his empire as a parquet flooring company and gradually kept expanding his business.
Today, the company is led by H. Fisk Johnson, who works as the chairman and CEO whose individual net worth shines at $3.4 billion.
To add further, Fisk is the fifth generation of the Johnson family and there are other several ventures of the Johnson family that are run by other family members.
For instance, there are ten members on the board of directors of SC Johnson, among which three belong to the family itself.
Furthermore, Helen Johnson-Liepold, sister of H. Fisk, is the CEO of Johnson Outdoors. Moreover, she also governs Johnson Financial.
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#05. Lauder Family
Major Source of Wealth: Estee Lauder
Company Headquarters: New York, New York
Net Worth: $40 Billion
Anyone who is into the skincare regime deeply loves and understands the value of Estee Lauder, one of the top cosmetic companies in the world.
Estee Lauder was established by the late couple Estee Lauder and Joseph Lauder, way back in 1946. Estee founded the company after creating skincare products in her home. Eventually, the company reached the skies.
As a matter of fact, Estee was featured on the 1998’s Time’s list of the Most Important Business Personnel where she was the only woman.
Today, the Lauder family is the 5th richest American family by the grace of their business which is now a publicly traded corporation. Furthermore, it runs 29 other high-end brands like MAC, Clinique, La Mer, and so on.
After the death of Joseph, his son Leonard Lauder joined the company and invested more than 30 years to help the company reach where it is today.
Leonard’s son William is the company’s chairman, and other family members also run the respective divisions.
#04. Cargill-MacMillan Family
Major Source of Wealth: Cargill Inc.
Company Headquarters: Minneapolis, Minnesota
Net Worth: $47 Billion
Cargill Inc. is one of the USA’s largest private firms owned by the Cargill-MacMillan family. The firm stands with a revenue of $114.6 billion as per the data of 2018.
William Wallace (W.W) Cargill is the man behind this multi-billion business he started with a grain storage venture.
At the current date, the Cargill family owns 88% of the company’s share, and 90 people from the family-run the different sectors of this grand firm.
Since 2013, David W. MacLennan has been serving as the CEO of the company where more than 165,000 employees work. To add further, the enterprise manages finance, trades commodities, and sells food/agricultural items.
#03. Mars Family
Major Source of Wealth: Candy
Company Headquarters: McLean, Virginia
Net Worth: $94 Billion
The third richest family in America is the Mars family, which can also be called the “candy family” as the major source of their fortune originates from candies.
Mars family was ranked the richest family in the United States by Fortune in 1988, but it has since been surpassed by Koch and Walton family.
Franklin Clarence Mars was the man who founded this confectionary company for which Grant F. Reid currently works as the CEO.
To illustrate, Mars Inc. has $35 billion in revenues annually.
The company not only sells world-famous delicacies like Snickers and M&Ms but also engages in pet services. Some of the global names under this enterprise are VCA, Pedigree, Wisdom Panel, Waltham Center for Pet Nutrition, and so on.
#02. Koch Family
Major Source of Wealth: Diversified
Company Headquarters: Wichita, Kansas
Net Worth: $100 Billion
There are numerous sources of wealth for this family standing in the second position on this list. The Koch family is the owner of Koch Industries, which is the largest privately-owned company.
The multinational conglomerate produces paper, refines oil, and manufactures pipelines, minerals, and fertilizers. Moreover, it has numerous subsidiaries working in trades and investing.
It does not just stop here. The family is predominantly known for their political activities, whether contributing to a good cause or funding universities or being involved in criminal justice reform.
David and Charles developed a political network of conservative and libertarian donors, and together, the brothers funneled financial revenue into multi-media advertising and television.
With annual revenue of $115 billion (as of 2020), the company houses 100,000 employees. Fred C. Koch founded this grand company, and his son, Charles Koch, has been handling it as the CEO since 1967.
#01. Walton Family
Major Source of Wealth: Walmart
Company Headquarters: Bentonville, Arkansas
Net Worth: $247 Billion
Waltons are the richest family in America, but here’s more- they are actually the richest family in the whole world!
The family owns the largest retailer in the world, Walmart.
The massive retailer Walmart was established in 1962 by Sam Walton.
As of today’s date, it is the world’s largest company which has $524 billion in revenue. Not only that, but Walmart operates are more than 11,501 retail shops worldwide.
While in America, there are 5,362 Walmart stores, and it generates employment for over 2 million people.
The main reason for its success is its policy of introducing big-box stores in different rural regions due to which consumers receive the same goods at a low price than other stores.
Aside from that, the family also owns the largest bank in Arkansas, Arvest Bank. The bank has a value of around $1.6 billion.
Moreover, Alice, along with her two siblings, Rob and Sam Walton, are the most prominent Walton family members today, with each having more than $60 billion net worth.
Furthermore, Jim and Walton donated $250 million to build charter school facilities in 2016.