World’s Richest Families 2024 is Waltons with USD 32.4 billion, Mukesh Ambani’s family is at…, Shapoorji Pallonjis at…

The World’s Richest Families 2024 list places the Walmart Waltons at the top with an astounding wealth of $432.4 billion, surpassing the individual net worth of even Elon Musk. Two prominent Indian families, the Ambanis and Mistrys of Shapoorji Pallonji, secured spots in this global ranking at eighth and 23rd, respectively.

The Top 5 Wealthiest Families in 2024

Waltons of Walmart tops the list with wealth of $432.4 billion out of which 46% stake in Walmart, the global retail giant with over 10,600 stores. This three-generation American family regained the top position in Bloomberg’s index due to an 80% surge in Walmart shares this year, adding $172.7 billion to their fortune—equivalent to $473.2 million per day.

Al Nahyan Family: Wealth: $323.9 billion

Source is through Oil wealth and diversified investments. The ruling family of the UAE has overseen the region’s economic transformation, with their companies comprising 65% of Abu Dhabi’s stock index.

Al Thani Family: Wealth: $172.9 billion

Source from Offshore gas and oil reserves. The royal family of Qatar, spanning eight generations, remains integral to the nation’s prosperity and stability.

Hermès Family: Wealth: $170.6 billion

Source from French luxury goods with six generations involved, the Hermès family retains control over its iconic brand, managed by family members like Axel and Pierre-Alexis Dumas.

Koch Family: Wealth: $148.5 billion

Sourced from Oil and diversified industrial businesses. The Kochs, now in their third generation, have built an enduring legacy in the US.

Indian Families in the Spotlight

Ambanis (Rank 8): Wealth: $99.6 billion

Source from Reliance Industries with three generations at the helm, the Ambanis have consistently grown their empire, spanning energy, telecom, and retail.

Mistrys (Rank 23): Wealth: $41.4 billion

Source from Shapoorji Pallonji Group. This five-generation-old Indian conglomerate has interests in construction, engineering, and real estate, working on iconic global projects.

First-generation wealth and single-heir fortunes were excluded, as were cases where the wealth source was unclear. The data, calculated as of December 5, 2024, highlights the enduring power of legacy and strategic investments.