History has seen many families that have financially dominated the world since the beginning of time. Today, the global economic village is dominated by multinational companies and corporate houses. Many families of this modern era in America, has achieved massive wealth through their businesses like the Rockefellers, the Mellons and the Kennedys. Many families are still working together to increase their fortunes, while others are just enjoying the wealth that they inherited from their fathers and forefathers. This is the list of Top 10 Richest Families in America.
10. The Dunchan Family.
The Duncan family inherited their wealth mainly from Dan Duncan, who is the founder of Enterprise Products. The company is one of the biggest natural gas and crude oil pipeline companies in the world. This company also acquired GulfTerra in the year 2004 and Enterprise GP Holdings in the year 2010, and became a member of Fortune 500. Dan Duncan was the richest person in the city of Houston and the 3rd richest person in Texas, in the year 2007, according to Forbes magazine. He left behind properties worth nearly $10 billion after his death. He also left behind four kids Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan. Scott Duncan is the youngest billionaire in the United States. The four members of the family collectively have $26 billion networth.
9. S.C. JOHNSON FAMILY;- Networth $30 billion
The S.C. Johnson family inherited their wealth from Samuel Curtis Johnson, who is the founder of the Johnson Family Enterprises. The company mainly operates in 72 countries, but their products are sold on over 110 different countries with an estimated yearly sale of $7.5 billion. Along with their main subgroup, they also have many other subgroups like Johnson Financial Group, Johnson Outdoors and Diversey Inc. Their company has received a perfect 100% rating in the human rights campaign. One interesting fact is that, they placed their companies among the ten best companies for working mothers. Collectively, the family members have a $30 billion fortune.
8. PRITZKER FAMILY;- Networth $33.5 billion
The Pritzker family inherited their wealth from Jay Pritzker, who is the founder of the Hyatt Hotel chain. Himself and his brother Robert Pritzker, built a portfolio of 60 diversified industrial corporations, which include Hyatt and various industrial services companies. Along with the hotels, the Pritzker family owns Marmon Group, the Superior Bank of Chicago, the TransUnion credit bureau and the Royal Caribbean cruise line. The Pritzker family is considered as one of the wealthiest families in the United States, and they’ve secured their place among the top 10 American richest families by Forbes, since the year 1982. According to Forbes 400, the managing partner and living member of the Pritzker family, Anthony Pritzker, is worth $3.6 billion. The members of his family are collectively worth the rest of their fortune.
7. COX FAMILY;- Networth $33.6 billion
The Cox family inherited their wealth from James M. Cox, founder of Cox Communications. James M. Cox is also the 46th and 48th Governor of Ohio and the Democratic candidate for the 1920 United States Presidential elections. Cox started publishing the Dayton Daily News in Ohio in the year 1898. In addition, he purchased Atlanta Georgian and the journal in 1939. Cox communications has become the seventh-largest telephone carrier in the U.S with 6.2 million customers, including 2.9 million digital cable subscribers and 3.5 million internet subscribers, and also 3.2 million digital telephone subscribers. The company is currently ran by Anne Cox Chambers and James C. Kennedy, and they have an estimated yearly Revenue of $15.3 billion. The members of the Cox family collectively have a $33.6 billion fortune.
6. HEARST FAMILY;- Networth $35 Billion
The Hearst family inherited their fortune from William Randolph Hearst, the founder of the biggest multinational mass media group, Hearst Corporation. Hearst Corporation is the largest diversified communications media house in the world. The company has 15 daily, 36 weekly and 300 monthly magazines worldwide. Some of them are; Cosmopolitan, Esquire, Elle, The Oprah Magazine and Harper’s Bazaar. The company’s subgroup is Hearst Television, and 29 other television stations including A+E Networks and ESPN. The entire group is mainly owned by five family members; George Randolph Hearst, William Randolph Hearst III, William Randolph Hearst Jr, Lisa Hearst Hagerman, Virginia Hearst Randt and Anissa Boudjakdji Balson. These five members of the family are collectively worth $35 Billion of Fortune.
5. JOHNSON FAMILY;- Networth $37 billion
The Johnson family inherited their wealth from Edward Crosby “Ned” Johnson, who is the founder and also the current owner of Fidelity Investments and Fidelity Worldwide Investment. Ned Johnson is a living legend in the investment sector with about $9.3 billion of Fortune. He is ranked as the 43rd richest person in the United States by Forbes. His daughter, Abigail Johnson, with her 24% shares in their company and $10.3 billion fortune, puts her in the 29th position in the Forbes richest 400. Ned and his daughter Abigail Johnson, established their company which is one of the biggest companies of mutual fund and wealth management. Fidelity investments has become a major funding group in America with 20 investors, more than 500 different funds, $4.0 trillion assets under administration and over $1.8 trillion of assets under management. The members of the family collectively have a $37 billion fortune.
4. CARGILL FAMILY;- Networth 42.3 Billion
The Cargill family inherited their wealth from William W. Cargill, the founder of Cargill inc. The company was founded in the year 1865, after the American civil war in the state of Iowa. The company with their $136.7 and $2.31 billion earnings, has become the largest privately held corporation in the USA. Cargill Inc is one of the biggest companies that specialises on agricultural commodities. They are mainly known as the major traders of grains and edible oil. The Cargill family holds 90% shares of Cargill Inc. Because the company is privately owned, the wealth of the family is uncertain. But in recent years, members of the Cargill family collectively have around $43 Billion of Fortune according to Forbes. The notable members of the Cargill family are James Cargill and Margaret Cargill, who had an estimated wealth of $1.8 billion each before their death in the year 2006.
3. MARS FAMILY;- Networth $94 Billion
The Mars family inherited their fortune from the real life Willy Wonka, Frank C. Mars, the founder of confectionery giant Mars Inc. With their $30 billion annual sales in 2013, Mars became the third largest privately owned company in the United States as reported by Forbes. Mars is still entirely owned by the Mars family with no public shares. This family doesn’t grant interviews to the press, as they are very strict about their family’s privacy. All members of the family collectively have $94 billion fortune.
2. KOCH FAMILY;- Networth $100 billion
The Koch family inherited their wealth mainly from Fred C. Koch, the founder of Koch industries. Fred started to develop his wealth and found his oil refinery after he invented a method of refining heavy oil to gasoline. Koch industries are the second largest privately owned company in the United States according to Forbes. Recent living members of the Koch family, Chase G Koch and David H Koch, are multi billionaires. The family owns the Koch industries, the family Alps owns a non profit organisation that they call the Koch Family Foundation which was founded by Fred and Mary Koch in the year 1953. According to Forbes, the family collectively has $100 billion of fortune.
1. WALTON FAMILY;- Networth $238.2 Billion
The Walton Family is often considered as the richest family in the world because they also top the list of the richest families the USA. This family mainly inherited their fortune from Sam Walton, the founder of world biggest retailer, Walmart. The retail company was founded by Sam Walton in the year 1962 and it now has over 11,000 stores in 27 different countries. It is operated in different parts of the world with 55 different names like Asda in the United Kingdom and Seiyu in Japan. All the shareholders of Walmart from the Walton Family, collectively hold around 50% shares of the company. Three of the living members, Rob, Jim and Alice, have constantly secured their place at the top ten of Forbes 400 from 2001. According to Forbes 400