Here are the 5 Richest Families in the World: How Much is Their Fortune Worth?

Several families have become some of the wealthiest in the world through businesses passed down through generations. These businesses not only possess valuable heritage but also embody tradition and quality.

Furthermore, the world's wealthiest families advocate for royalties, especially when their wealth is transferred across generations.

Based on Bloomberg, here are the five wealthiest families in the world in 2021:

1. The Walton Family (US$ 238.2 Billion or Rp 3,397 Trillion (exchange rate Rp 14,262/US$))

The Walton family, originating from the United States, is the wealthiest family globally. Heirs to the Walton family business, Alice Walton and Jim Walton, each possess a fortune of US$ 65.5 billion (Rp 934.1 trillion) and US$ 66.5 billion (Rp 948.4 trillion), respectively. Walmart, a retail giant founded in Arkansas in 1962, is the cornerstone of the Walton family business.

2. The Mars Family (US$ 141.9 Billion or Rp 2,023 Trillion)

Mars Inc. is one of the world's largest confectionery and pet food companies, with US$ 40 billion in sales. Mars was established in 1911 when Frank Mars began selling candy from his kitchen in Tacoma, Washington. The company's highly popular candy products include M&Ms, Milky Way, and Mars Bars.

3. The Koch Family (US$ 124.4 Billion or Rp 1,774 Trillion)

Koch Industries is one of the largest privately held companies in America. The family business was founded in 1940 by Fred C. Koch after he successfully developed a new crude oil refining process. Koch Industries' subsidiaries are spread across various sectors, including manufacturing, refining, chemicals, energy, fertilizers, and more.

4. The Hermès Family (US$ 111.6 Billion or Rp 1,590 Trillion)

This French family founded a luxury goods company in 1837. Hermès focuses on producing leather goods, accessories, home furnishings, perfumes, jewelry, watches, and ready-to-wear clothing. The company is also renowned for producing luxury goods and apparel favored by the upper class.

5. The Al Saud Family (US$ 100 Billion or Rp 1,424 Trillion)

The House of Saud, the royal family of Saudi Arabia, boasts a monarchy with a history spanning nearly a century. The family's wealth stems from Saudi Arabia's oil industry (distributed by the king's executive office to various family members) as well as the royals' personal income from government contract negotiations and other investments.