From Fired to Fortune: Man Earning 3 Crores Per Minute Becomes World's Richest, Top Families Revealed!
New Delhi (The Uttam Hindu): The list of the "World’s Richest Families 2024" has been revealed, and it includes the wealthiest family worldwide: the Walton family, owners of the retail giant Walmart. According to the Bloomberg report, the Walton family remains at the top for the second consecutive year. India’s Ambani family is also among the top families listed.
The Walton family, which owns the Walmart supermarket chain, tops the list of the richest families. Bloomberg’s report reveals that the family earns around $473.2 million daily, translating to about $328,577 per minute. The family’s wealth is valued at a staggering $432 billion (approximately ₹3,68,91,91,44,00,000). This fortune stems from the first Walmart store opened by Sam Walton over six decades ago. Currently, the third generation of the Walton family is running the business, holding about 46% of Walmart’s shares. Following Sam Walton's death in 1992, his children—Jim Walton, Rob Walton, and Alice Walton—have continued to manage the business.
It is noteworthy that Sam Walton came from a humble background. He worked in farming, sold milk, and even worked as a newspaper delivery boy to help his family. Later, he took a job at a store, but was fired by the owner due to dissatisfaction with his work. It was this incident that led Sam to realize the potential for high margins and significant profits in the grocery store business. Using his savings, he opened the first Walmart store in Arkansas in 1962. From there, he never looked back, and his journey eventually led his family to become one of the wealthiest in the world.
The World’s Richest Families List:
*Second: The Al Nahyan family, based in the United Arab Emirates, with a wealth of $323 billion. This fortune was made through oil businesses.
*Third: The Al Thani family of Qatar, worth $172 billion, has amassed its wealth through oil and gas industries. The eighth generation of the family is now running the business, with many members holding important political positions.
*Fourth: The Hermes family of France, with a fortune of $170 billion, is known for its luxury fashion company.
*Fifth: The Koch family of the United States, worth $148 billion, has made its wealth from a variety of businesses in oil, chemicals, energy, minerals, cloud computing, and finance.
*Sixth: The Al Saud family of Saudi Arabia, with $140 billion, holds significant wealth from its oil industry.
*Seventh: The Mars family of the U.S., with $133 billion, is known for its M&M's, Milky Way, and Snickers brands, along with pet products.
*Eighth: The Ambani family of India, with a wealth of $99 billion, controls Reliance Industries and has investments in oil refining, finance, retail, fashion, and telecommunications.
*Ninth: The Wertheimer family, owners of Chanel, with $88 billion in wealth, is currently managed by the family’s third generation.
*Tenth: The Thomson family of Canada, worth $87 billion, holds about 70% of Thomson Reuters, a major media company.
