The Five Richest American Families Right Now  

The five richest American families have total assets of $ 528 billion. They largely control retail empires, industrial firms, a candy company, and a cosmetics empire. The family business has been running for generations, making each of these families a true dynasty. It would not surprise many to know that Walton are the richest family in America, again. The seven heirs of Sam Walton and Bud Walton have total assets of $ 247 billion, about $ 150 billion richer than the second richest family, the Kochs, currently headed by Charles Koch.

# 5. Lauder Family

Net worth: $ 40 billion

Source: Estée Lauder Cosmetics

The Lauder family is the fifth wealthiest family in America, with a combined net worth of $ 40 billion. This is up from $ 24.3 billion two years ago. Estée Lauder started the family business in 1947 when she received the first major order for $ 800 skincare products from Saks Fifth Avenue. Today, the family business includes 31 different brands of make-up – including Clinique, MAC, La Mer and Bobby Brown – and generates $ 14.3 billion in revenue. Now, it is said that makeup sales have declined in 2020 due to a home and mask mandate related to the coronovirus epidemic. Who needs makeup when you’re not getting out of the house and / or your face is half-covered at the grocery store? It will be interesting to see what the fate of the Lauder family looks like one year from now.

# 4. Cargill Macmillan Family

Net worth: $ 47 billion

Source: Cargill, Inc.

The Cargill Macmillan family is the fourth richest family in the US with a net worth of $ 47 billion, up from $ 42.3 billion two years ago. never heard of them? The family owns Cargill, Inc., the largest privately held company in the United States. The company dates back to 1865, when William W. Cargill started a commodities company with a one-grain storage warehouse in Iowa. Today, his successors retain control of the company, which has interests in food and agriculture. When we think of dynasties, we can think of generations of royalty who rule some far off land. According to the dictionary, the word dynasty has a slightly broader meaning. It is “a succession of people from the same family who play a major role in business, politics, or any other field.” Under that definition, the Kargil family is the largest example of a US dynasty. There are 14 members of the Cargill Macmillan family who are billionaires. This one family has more billionaires than some countries.

# 3. Mars Family

Net worth: $ 94 billion

Source: Mars, Inc.

The Mars family is the third richest American family in the world, with a net worth of $ 94 billion, up from $ 90 billion two years ago. The Mars family is primarily in the candy business. Those are the people who gave us Snickers, M & Ms, Skittles, Milky Way, 3 Musketeers, Mars Bar, Twix and dozens of other delicious, sweet treats. This alone justifies his amazing $ 94 billion net worth. The Mars family is super secret, family-owned and led through four generations, and also closely observes the company’s recipes and secrets. Mars, Inc. US Worldwide has the sixth largest privately owned business with $ 35 billion in sales.

David H. Coach and wife Julia Koch (photo by Astrid Stawiarz / Getty Image)

# 2. Coach family

Net worth: $ 100 billion

Source: Coach Industries

The Koch family has a combined total assets of $ 100 billion, which is more than $ 98.7 billion at the end of 2018. The family is also very influential in politics, especially in far-right issues. Coaches have spent hundreds of millions of dollars to bring their fringe political ideas, especially to the center of American politics. The family fortune began when the late Fred Koch joined the Keith-Winkler Engineering Company in 1925. The family’s fortune grew when his sons, Fred Jr., Charles, Bill, and the late David Koch took over their father’s business and started it. It is today in the powerful and successful group.

# 1. Walton Family

Net worth: $ 247 billion

Source: Walmart

The Walton family is the wealthiest family not only in America, but in the world, with a net worth of $ 247 billion. A year ago, the family had a combined net worth of $ 191 billion. Two years ago it was $ 151.5 billion. It is not far-fetched to say that by the end of 2021, the Walton family may have a collective net worth of over $ 300 billion. The Walton family’s wealth, of course, comes from their family business, a small shop you may have heard of at Walmart. Members of the Walton family are the largest shareholders of Walmart. He has more than 50% stock in the company. Walmart is the world’s largest retail company with more than 11,500 stores worldwide.

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