Advertisement

While many tech millionaires and billionaires are famous for quickly earning their fortunes, there is something impressive about a family dynasty. Some of these families started with a refined craft, a solid product, or a winning business idea. Who are the families behind your favorite brands? The household names and hidden empires in food and fashion? While these families may not all contribute to the family business, they certainly benefit from it.

Advertisement

The Waltons - $175 billion

When Sam Walton opened his first discount department store in 1950 in Bentonville, Arkansas, he could never have imagined the way he would change the commercial landscape. Today, Walmart is the largest retailer in the world, with revenues of over $500 billion. His children are still running the family business, as well as furthering philanthropic causes through the Walton Family Foundation.

Walmart truck driving on the interstate on a cloudy day
Advertisement

The Mars' - $90 billion

Talk about a tasty legacy! The Mars family controls the largest candy company in the world, Mars, Inc., with annual sales of over $35 billion. The company is famous for delicious treats like M&Ms and Twix; however, they're also very private people. Don't expect to see the matriarch Jacqueline on any Instagram live stories. The family has a net worth of over $90 billion, with brother and sister John and Jacqueline frequently gracing the Forbes List.

Colorful chocolate M&Ms in and out of focus
Advertisement

The Koch brothers - $99 billion

Chemical engineer Fred Koch left an oil refinery firm to his two sons, Charles and David. After diversifying and expanding into other industries, Koch is now a multinational corporation with revenues of over $100 billion. The Koch brothers are not just famous for their father's company, however. These two have used their deep pockets to change the landscape of American politics by financing super PACs that lean toward conservative values. While David Koch passed away in August 2019, his brother and children carry on their political legacy.

WASHINGTON, DC - NOVEMBER 04: Koch Industries Executive Vice President Richard Fink (L) and Americans for Prosperity Foundation chairman and Koch Industries Executive Vice President David H. Koch listens to speakers during the Defending the American Dream Summit at the Washington Convention Center November 4, 2011 in Washington, DC. The conservative political summit is organized by Americans for Prosperity, which was founded with the support of Koch and his brother David H. Koch. Chip Somodevilla / Getty Images
Advertisement

House of Saud - $1.4 trillion

The Al Saud family carved a kingdom out of the Arabian Peninsula that became Saudi Arabia. An abundance of liquid gold has earned the Saudi Arabian Oil Company, Aramco, revenues in excess of $350 billion. Crown Prince Mohammad bin Salman Al Saud has worked to modernize the country, pivoting away from oil reliance for a sustainable future.

JUNE 22: NYC Mohammad bin Salman Al Saud and UN Secretary General Ban Ki-moon meet at United Nations headquarters on June 22, 2016, in New York City to discuss recent diplomatic affairs and future relations between Saudi Arabia and the United Nations Giles Clarke / Getty Images
Advertisement

The Wertheimer family - $41 billion

Though the brand is associated with fashion designer Coco Chanel, French brothers Gerard and Alain Wertheimer are the heirs and executives of the Chanel brand. The Wertheimer brothers are the grandsons of Pierre Wertheimer, House of Chanel founder. The brand's iconic style includes garments, perfumes, and accessories. Through the Wertheimer family, Chanel has shed the legacy of its troubled past and transformed into a billion-dollar brand.

VARIOUS CITIES, FRANCE - MAY 14: General view of the open Chanel store, 31 Cambon street in the 1st quarter of Paris, on May 14, 2020 in Paris, France. The Coronavirus (COVID-19) pandemic has spread to many countries across the world, claiming over 280,000 lives and infecting over 4 million people. Edward Berthelot / Getty Images
Advertisement

The Dumas family - $49 billion

Moving on to our next fashion house, the nearly 200-year-old Hermes brand has launched the Dumas family. Thierry Hermes designed clothing for the equestrian aristocracy. Likewise, his descendants are designing for today's elite, with the Hermes brand beloved among celebrities. Hermes continues to transform fashion with its billion-dollar brand of clothing and accessories.

MILAN, ITALY - FEBRUARY 22: Lisa Hahnbueck is seen wearing Victoria Beckham knitted dress, Adidas superstar sneaker, Hermes Kelly bag 25 during Milan Fashion Week Fall/Winter 2020-2021 on February 22, 2020 in Milan, Italy. Christian Vierig / Getty Images
Advertisement

Van Damme, De Spoelberch and De Mevius Families - $54 billion

The Van Damme, De Spoelberch, and De Mevius families control a sprawling international alcohol empire with humble beginnings. Over 500 years ago, these Belgian families perfected brewing techniques that gave rise to the iconic ales associated with the region. As the brand grew, they acquired Artois and American company Anheuser-Busch. Today, sales from Anheuser-Busch InBev drive the company's revenue to over $50 billion.

CHICAGO, IL - SEPTEMBER 15: In this photo illustration, bottles of Miller Lite and Bud Light beer that are products of SABMiller and Anheuser-Busch InBev (respectively) are shown on September 15, 2014 in Chicago. Illinois. Shares of SABMiller have surged to an all-time high today on speculation of a takeover bid by Anheuser-Busch InBev, the world's largest brewer. Scott Olson / Getty Images
Advertisement

The Boehringer, Von Baumbach Families - $52 billion

While private citizens not associated with the family brand, the Boehringer and Von Baumbach families control the German pharmaceutical company Boehringer Ingelheim. For over 100 years, they have led the biotech industry, designing everything from HIV drugs to cancer therapeutics. The Boehringer and Von Baumbach families are worth over $50 billion.

Close up Boehringer Ingelheim logo.
Advertisement

Mukesh and Anil Ambani - $56 billion

This Indian family has seen a meteoric rise in wealth. Self-made billionaire Anil Ambani is the youngest founder listed, having started his company in 2006 from Reliance Commercial Corp. Today, his company Reliance Anil Dhirubhai Ambani Group is a financial, defense, and media conglomerate. Anil, father Mukesh, and wife Shloka Ambani control the largest fortune in South Asia.

World's second most expensive residential property, also known as Antilia
Advertisement

Cargill, MacMillan Families - $42 billion

Though their names are less known, the Cargill and MacMillan families are two of the world's wealthiest. As descendants of the founder of Cargill, Inc, they control one of the largest American commodities companies. Members like Muffy MacMillan have become famous for their philanthropy.

FORT MORGAN, CO - APRIL 17: The Cargill meatpacking plant remains in operation after scaling production after as many as 18 employees have contracted the coronavirus (COVID-19) virus on April 17, 2020 in Fort Morgan, Colorado. Meatpacking plants are altering their production as outbreaks of the virus have been reported at the factories in Colorado, South Dakota, and Iowa Matthew Stockman / Getty Images

Disclaimer

This site offers information designed for educational purposes only. The information on this Website is not intended to be comprehensive, nor does it constitute advice or our recommendation in any way. We attempt to ensure that the content is current and accurate but we do not guarantee its currency and accuracy. You should carry out your own research and/or seek your own advice before acting or relying on any of the information on this Website.