New York, Dec 15 (V7N)— Bloomberg, the leading US financial media outlet, has unveiled its list of the richest families in the world for 2024, with the Walton family of Walmart fame reclaiming the top spot. The list features 25 affluent families from various countries, highlighting the dominance of wealth inherited or amassed through industries such as retail, oil, and luxury goods.

The Walton family, founders of Walmart, are the wealthiest family in the world, boasting a staggering net worth of $432.4 billion. Walmart, established 62 years ago, has grown into a global retail giant with over 10,600 stores. This year, a sharp 80% rise in Walmart's stock price has boosted the family's wealth by $172.7 billion, equating to a remarkable growth rate of $328,577 per minute.

Top Five Richest Families

1. Walton Family (USA): $432.4 billion (Retail - Walmart)

2. Al Nahyan Family (UAE): $323.9 billion (Oil and investments in Abu Dhabi)

3. Al Thani Family (Qatar): $172.9 billion (Oil and gas wealth)

4. Hermes Family (France): $170.6 billion (Luxury goods)

5. Koch Family (USA): $148.5 billion (Oil and industrial businesses)

Ambani Family: Ranked 8th, with $99.6 billion from Reliance Industries, Mukesh Ambani's empire continues to dominate energy, telecom, and retail sectors in India.

Mistry Family (Shapoorji Pallonji): Ranked 23rd, the family's $41.4 billion wealth stems from their five-generation legacy in construction and real estate.

Al Saud Family (Saudi Arabia): $118.5 billion, from oil revenues and state investments.

Mars Family (USA): $110.7 billion, from confectionery and pet care businesses.

Wertheimer Family (France): $92.3 billion, owners of Chanel.

The Middle East's oil-rich families, including the Al Nahyan and Al Thani, continue to wield significant economic and political influence. European luxury brands, such as Hermes and Chanel, have also solidified their presence on the list.

This year’s rankings underscore the enduring dominance of multi-generational wealth and the pivotal role of global markets in shaping fortunes. With fluctuating markets and geopolitical events, the list serves as a snapshot of economic power in 2024.

END/RH/AJ