For the uber-rich of our world, home is not just a place to live in, but a prospect to flaunt their lavish lifestyle. Curious to know which are the top ten richest families in America? Here they are: You will find many wealthy families in America. According to Forbes, the consolidated wealth of these wealthy families exceeds an astounding $500 billion.
List of Top Ten Richest Families in America 2016 Ranking
10. Duncan Family (Net worth: $22.4 billion)
The Duncan family get its fortune in the pipelines industry. Dan Duncan, who was born poor in rural Texas, was built by his grandmother after his mother and brother drowned when he was seven. When Duncan approved away in 2010, he was 77. He left his estate worth around $10 billion to his four children. As then the family wealth has more than doubled due to increase in stock price of the family business Enterprise Products Partners.
9. (Edward) Johnson House (Net worth: $26 billion)
The Johnson family members own around 49 percent of Fidelity, the second-largest joint fund company in the US. It controls assets worth around $1.8 trillion. Edward C. Johnson II founded the Boston-based behemoth in 1946. His son Edward “Ned” Johnson III managed the company from 1977 to 2014, when he moved down as CEO. Currently, he is the director, and his daughter Abigail is the CEO.
8. S. C. Johnson Family (Net worth: $28.8 billion)
The S. C. Johnson relations get its wealth in the cleaning products industry. They are behind many traditional cleaning products like Windex, Ziploc, Shout, and Glade. S. C. Johnson established the company in 1886. At present Herbert Fisk III, great-great grandson of S. C. Johnson is the CEO of the enterprise.
7. Pritzker Family (Net worth: $30 billion)
The Pritzker family is a great family in Chicago. They get their fortune in the hospitality manufacturing through smart investments. Pritzker family created Hyatt Hotels. They used the first decade of the present century combating over trusts and eventually divvied up the fortune. There are 11 billionaires in the family.
6. Hearst Family (Net worth: $32 billion)
The Hearst family is behind the multinational conglomerate group Hearst Corporation. William Randolph Hearst founded this New York City-based corporation in 1887. Today it is one of the biggest diversified communication companies in the world. The founder’s grandson, William R. Hearst III, is the director of the media behemoth.
5. Cox Family (Net worth: $34.5 billion)
James M. Cox purchased the Dayton Night News way back in 1898. Over the decades, the business has expanded to include television, radio and much more. Cox Enterprises includes Cox Media Group and Cox Communications.
4. Cargill-MacMillan Family (Net worth: $45 billion)
There are 14 billionaires in the Cargill-MacMillan family. It is the family with the most number of billionaires. The family holds 88 percent of Cargill, Inc., the largest private company in the US regarding revenue. The company processes crops, sells foodstuff, sources ingredients, trades commodities and gives financial risk management.
3. Mars Family (Net worth: $80 billion)
Siblings John, Forrest Jr. and Jacqueline keep 100 percent of world’s largest candy company Mars. They inherited the commerce in 1999 when their father Forrest Sr. approved away. Although all of them are on the committee of the enterprise, they have no regular role.
2. Koch Family (Net worth: $86 billion)
The Koch family is after Koch Industries, the second-largest private company in the US. Charles and David, two of the four siblings, have worked hard to grow the business. These twos rank among the country’s top ten richest individuals. Today Wichita-based Koch Industries is a multinational corporation, with subjects involved in manufacturing, selling and investments.
1. Walton Family (Net worth: $149 billion)
The Walton relations is the richest ties in the US. It controls Walmart, the largest retailer in the world. Walmart has got a long way since it was founded by Sam Walton and his brother James in a small town in 1962. Now, together, six members of the Walton family own around 54 percent of the sell giant. Many controversies have not impacted Walmart’s sales. It generates $486 billion in income in the fiscal year 2016.