World’s Richest Families 2024: Waltons Top the List, Ambanis Rank 8th

World’s Richest Families 2024: The Bloomberg Richest Families Index for 2024 reveals that Walmart’s Waltons top the list, with their outrageous level of wealth standing at $432.4 billion. That alone is worth more than Elon Musk’s net worth, as well as Middle Eastern royal families. Indian families have made it to positions 8 with Ambanis and 23 with Shapoorji Pallonjis, respectively.

World’s Richest Families 2024: Waltons Soar to the Top

The Waltons – Worth $432.4 billion, the Waltons hold a 46% stake in Walmart, a global retail giant running more than 10,600 stores. Their wealth surged due to an 80% rise in Walmart shares this year, adding $172.7 billion to their combined fortune.

Top 5 Wealthiest Families

1. Walton Family (USA): $432.4 billion
2. Al Nahyan Family (UAE): $323.9 billion
3. Al Thani Family (Qatar): $172.9 billion
4. Hermès Family (France): $170.6 billion
5. Koch Family (USA): $148.5 billion

The Al Nahyan Family: The ruling family of the UAE has a net wealth of $323.9 billion. Its businesses form more than 65% of the benchmark index of the Abu Dhabi stock market. Sheikh Mohammed bin Zayed Al Nahyan is the ruler of Abu Dhabi, and at the same time, the president of the UAE.

Al Thani Family – Qatar’s royal family stands at third position with $172.9 billion. Their fortune is due to significant offshore gas and oil reserves. Eight generations have survived the Ottoman and British empires for the Al Thanis.

The Hermès Family – The Hermès family, owners of the French luxury goods empire, holds a fortune of $170.6 billion. Key figures include Axel Dumas and Pierre-Alexis Dumas, who are both sixth-generation family members.

The Koch Family – Their net worth is $148.5 billion; Koch’s money traces back to the three-generation interest in oil interests in the United States.

Indian Families Included in the List

• Ambanis – ranked 8 with the fortune of $99.6 billion; this is an Indian three-generation family through Reliance Industries, who continue to push the fortune and increase it at rapid growth.
• The Mistrys (Shapoorji Pallonji): The Mistry family is ranked 23rd with the wealth from Shapoorji Pallonji Group, one of the major construction and real estate players.

Notable Names:

• The Al Saud Family: The Royal House of Saudi Arabia has a worth of $140 billion.
• The Mars Family: The Mars family owns the candy maker Mars with a worth of $133.8 billion.
• The Wertheimer Family: They own Chanel through an $88 billion fortune.
• Thomson Family: Media kings with an $87.1 billion hold over Thomson Reuters.
• Johnson Family: $72.4 billion through Fidelity Investments

Top 15 — 2024 World’s Richest Families

Family	Industry/Source of Wealth	Wealth	Region
Waltons	Retail (Walmart)	$432.4 billion	United States
Al Nahyan	Oil, Investments	$323.9 billion	United Arab Emirates
Al Thani	Gas, Oil	$172.9 billion	Qatar
Hermès	Luxury Goods	$170.6 billion	France
Koch	Oil, Chemicals	$148.5 billion	United States
Al Saud	Oil	$140 billion	Saudi Arabia
Mars	Confectionery	$133.8 billion	United States
Ambanis	Diversified (Reliance Industries)	$99.6 billion	India
Wertheimer	Luxury Goods (Chanel)	$88 billion	France
Thomson	Media (Thomson Reuters)	$87.1 billion	Canada
Johnson	Finance (Fidelity Investments)	$72.4 billion	United States
Albrecht	Retail (Aldi)	$60.2 billion	Germany
Pritzker	Diversified	$59.4 billion	United States
Cargill, MacMillan	Agriculture, Commodities	$56 billion	United States
Ofer	Shipping, Real Estate	$55.6 billion	Israel

Fast Facts:

The 2024 daily increase for the Waltons averaged to $473.2 million or $328,577 per minute.

For this year, the billionaires together earned $406.5 billion.

Highlighted through the list are the continuing dominance of families with generational business and strategic investments in retail, oil, luxury goods, and media. The strength of Indian enterprise in the amassing of wealth is reflected in the presence of the Ambanis and Mistrys.