Bloomberg's List Of World's Richest Families: With $238.2 billion in fortune, Walmart's Walton family has topped Bloomberg's list of the world's 25 wealthiest families.
With a net worth of $238.2 billion, the Waltons of Arkansas, who control nearly half of retailer Walmart Inc., top the list for the fourth year in a row. Despite selling $6 billion in stock since February, the family's fortune rose by $23 billion in the last year.
It is followed by the owners of Mars, who have a net worth of $141.9 billion, the Koch family of Koch Industries, who have a net worth of $124.4 billion, the Hermès family, who have a net worth of $111.6 billion, and the Saudi royal family, who have a net worth of $100 billion. Mukesh Ambani's family comes in sixth place with a net worth of $93.7 billion.
The Dassaults of France, a third-generation technological and aviation empire, and the Lauders of cosmetics manufacturer Estee Lauder, located in New York, are two new names on the list.
The Lees, the family who owns Samsung in South Korea, are one prominent exception. Following the death of their grandfather, Lee Kun-hee, last year, they were removed from the list after paying an $11 billion inheritance tax.
The pandemic has widened the wealth gap, which has been compounded by rising dynastic fortunes. President Biden and congressional Democrats in the United States have suggested a slew of tax reforms aimed at the wealthy.