Ambanis are World’s 5th Richest Family

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According to a ranking of data by Bloomberg (a global leader in business and financial data, news and insight) published on Visual Capitalist, and shown on this graphic by leading provider of market and consumer data Statista, three American families, one Saudi and one Indian family top the ranking of the world’s wealthiest.

The top 2 – The Waltons and the Mars family – deal in consumer goods. The Waltons are the owners of Walmart, the world’s largest retailer in sales.

The Mars family owns Mars, Inc., the manufacturers of iconic chocolate/candy and chewing gum brands such as M&M’s, Snickers, Orbit, Milky Way, Twix, Extra, Skittles, and Wrigley’s; pet care products; and food products such as GOMO Dal Crunchies which are designed to help close nutritional gaps of school-age children in India.

The No.3 ranked Kochs own Koch Industries, an industrial conglomerate which is amongst the largest American manufacturers of ethanol oil; electronic components; glass; carpets; plant nutrients; fabric for military combat uniforms; plywood, gypsum boards and fibreglass sheathing; lighting solutions; cattle feed; aerodynamic systems for automotive grilles; critical components for medical devices; automated towel dispensers; paper products; filtration equipment for industrial, scientific and domestic use; asphalt products for roads; and fibrefills for pillows, mattresses and comforters.

Among all these business empire owners, the Saudi Arabian Al Saud family is the exception. The royal family that rules Saudi Arabia is the richest family of monarchs in the world, largely due to their country’s large oil reserves.

The Ambani family, owners of the Reliance Industries conglomerate, comes in rank 5 with a fortune of more than $81 billion. As most Indian readers would know, the Mukesh Ambani-run Reliance’s main businesses are oil and petrochemicals; JIO mobile services; retail; and textiles. As the Indian economy continues to grow  faster than the U.S. economy, the day is not very far when the Ambanis will cross the Al Said family, the Koch family and the Mars family.

French luxury brands Hermès and Chanel also placed their owners in the top 10, while Germany’s wealthy have made it big with different endeavors. The Boehringer/Von Baumbach family (rank 9) runs pharma company Boehringer Ingelheim, while the Albrecht family (rank 10) is famous for their discount store Aldi.


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