Published On: Mon, May 21st, 2018

The Richest Family in the World Leaves Bezos, Gates and Buffett Behind

According to the Sunday Times' richest family wealth is worth $174.9 billion. And who is the family that is in second place?

Walton Family, the richest families in the world

 

The Walton family is the richest family in the world. According to the Sunday Times ‘rich estimate of 2018, the Waltons’ net worth is $ 174.9 billion, thanks to Walmart. The family also owns another huge retailer – Asda.

The ranking of the world’s 100 richest people is just one of the indices published by the newspaper, which includes the list of the 100 richest people in Britain.

The Sunday Times built the indices according to a net value calculation based on capital, including land, property, other assets such as art and racing horses, and shares in public companies. The calculations did not include bank accounts to which the newspaper had no access. The list also includes spouses who actively participate in family businesses or who share their assets, as well as family members who share business interests.

Arkansas-based Walmart is the world’s largest business in terms of income, with revenue of more than $485 billion in 2017. It was founded by Sam Walton, who died in 1992 at the age of 74. His daughter Ellis Walton, one of his seven successors, helped to raise the family fortune with her $500 million art collection and contribution of $225 million worth of shares to the family’s charity organization three years ago.
The wealth of the family is greater than that of David and Charles Koch, which together are worth $121 billion and owned by the Koch Industries, the world’s second-largest private company. Followed by Amazon CEO Jeff Bezos, Microsoft founder Bill Gates, and legendary investor Warren Buffett, in that order.

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