Three Arab Families Are Among Richest Families in the World in 2023
The richest Families in the World in 2023, as reported by Bloomberg, reflect a dynamic shift in global wealth distribution. These families have seen their fortunes grow substantially, with a number of Arab families making the cut, across various industries.
This listicle explores the top 25 richest families in the world in 2023, highlighting their industries, wealth, and key achievements.
1. Al Nahyan Family
Wealth: $305 Billion
Industry: Industrial
Location: United Arab Emirates
UAE President Sheikh Mohamed bin Zayed al-Nayhan is head of one of the richest families in the world (Photo by Hamad AL-KAABI / UAE's Ministry of Presidential Affairs / AFP)
According to Bloomberg, the Al Nahyan family, ruling in Abu Dhabi, are top among the richest families in the world in 2023, with their immense wealth derived largely from oil reserves. They play a significant role in both the government and the private sector.
2. Walton Family
Wealth: $259.7 Billion
Industry: Consumer Retail
Location: United States
The Walton Family is one of the richest families in the world in 2023 (Photo by Rick T. Wilking / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
The Walton family, owners of Walmart, the world's largest retailer, have amassed great wealth, maintaining their position as second in line among the richest families in the world in 2023.
3. Hermès Family
Wealth: $150.9 Billion
Industry: Luxury Goods
Location: France
Michael Colarossi and Lindsey Hermes attend the 2023 AAFA American Image Awards at The Plaza Hotel on April 25, 2023 in New York City. They are one of the richest families in the world in 2023 (Photo by Slaven Vlasic / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
The family behind the luxury brand Hermès continues to thrive in the global luxury goods market, making them one of the richest families in the world in 2023.
4. Mars Family
Wealth: $141.9 Billion
Industry: Confectionery, Pet Care
Location: United States
Head of one of the richest families in the world in 2023 Frank Mars, Board Member, Mars, Inc. and Gilbert Houngbo, Director-General International Fund for Agricultural Development (IFAD), attend The 2017 Concordia Annual Summit at Grand Hyatt New York on September 18, 2017 in New York City. (Photo by Riccardo Savi / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
Known for their confectionery products, the Mars family has diversified into pet care, significantly increasing their wealth, and becoming number four among the richest families in the world in 2023.
5. Al Thani Family
Wealth: $133 Billion
Industry: Industrial
Location: Qatar
UNRWA Commissioner General Philippe Lazzarini (L) receives an award from Emir of Qatar Sheikh Tamim bin Hamad Al-Thani (R) during the opening session of the Doha Forum in the Qatari capital on December 10, 2023. Tamim is head of one of the richest families in the world in 2023. (Photo by SALIM MATRAMKOT / AFP)
The Al Thani family, rulers of Qatar, have built their fortune on the country’s vast oil and gas reserves, becoming the fifth wealthiest, among the top 25 richest families in the world in 2023.
6. Koch Family
Wealth: $127.3 Billion
Industry: Industrial
Location: United States
Americans for Prosperity Foundation chairman and Koch Industries Executive Vice President David H. Koch (2nd L), a member of one of the richest families in the world in 2023, gives a thumbs-up to Republican presidential candidate and former Godfather's Pizza CEO Herman Cain during the Defending the American Dream Summit at the Washington Convention Center November 4, 2011 in Washington, DC. (Photo by CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
The Koch family's wealth stems from Koch Industries, one of the largest private conglomerates in the US.
7. Al Saud Family
Wealth: $112 Billion
Industry: Industrial
Location: Saudi Arabia
Members of one of the richest families in the world in 2023, the Al Saudi family, in Saudi Arabia - Shutterstock
The ruling family of Saudi Arabia, the Al Sauds, derive their wealth from the nation’s extensive oil reserves, and remain one of the richest families in the world in 2023.
8. Ambani Family
Wealth: $89.9 Billion
Industry: Industrial
Location: India
Member of one of the richest families in the world in 2023 and Chairman and managing director of Reliance Industries Mukesh Ambani delivers a speech during the inauguration of the Bengal Global Business Summit (BGBS) in Kolkata on November 21, 2023. (Photo by DIBYANGSHU SARKAR / AFP)
The Ambanis, one of Asia's richest families, have their fortune tied to the conglomerate Reliance Industries.
9. Wertheimer Family
Wealth: $89.6 Billion
Industry: Luxury Goods
Location: France
Alain and Gerard Wertheimer are members of one of the richest families in the world in 2023
Owners of the fashion house Chanel, the Wertheimer family's wealth continues to grow in the luxury goods sector.
10. Thomson Family
Wealth: $71.1 Billion
Industry: Media
Location: Canada
Roy Thomson established what became one of the richest families in the world in 2023
The Thomson family owns a significant stake in Thomson Reuters, a major player in financial data and services.
11. Cargill-MacMillan Family
Wealth: $63.3 Billion
Industry: Industrial
Location: United States
One of the richest families in the world in 2023, the William W. Cargill's descendants control the largest privately held company in the US in terms of revenue, Cargill - Shutterstock
This family’s wealth comes from Cargill, the largest privately-held corporation in the US, in terms of revenue, focusing on food and agriculture.
12. Johnson Family
Wealth: $55.7 Billion
Industry: Finance
Location: United States
Abigail Johnson is an heir to the wealth of one of the richest families in the world in 2023. (Drew Angerer/Getty Images/AFP / Getty Images via AFP / GETTY IMAGES NORTH AMERICA)
The Johnsons own Fidelity Investments, a major player in global finance, and are one of the richest families in the world in 2023.
13. Boehringer, Von Baumbach Family
Wealth: $51.3 Billion
Industry: Pharmaceuticals
Location: Germany
Hubertus von Baumbach is head of one of the richest families in the world in 2023 - Foruneita
This family’s wealth originates from Boehringer Ingelheim, one of the world's largest pharmaceutical companies.
14. Quandt Family
Wealth: $49.4 Billion
Industry: Automotive
Location: Germany
Stefan Quandt and Susanne Klatten are members of one of the richest families in the world in 2023 - Google
The Quandts hold a significant stake in BMW, contributing to their status as one of richest families in the world in 2023.
15. Albrecht Family
Wealth: $48.4 Billion
Industry: Consumer Retail
Location: Germany
Theo and Karl Albrecht own Aldi and are members of one of the richest families in the world in 2023 - AFP
Known for the Aldi supermarket chain, the Albrecht family has expanded their wealth through savvy business practices to become one of the richest families in the world in 2023.
16. Pritzker Family
Wealth: $46.5 Billion
Industry: Hotels
Location: United States
Penny Pritzker, former Commerce Secretary, is a member of one of the richest families in the world in 2023. (Photo by Stefani Reynolds / AFP)
The Pritzker family owns the Hyatt Hotels chain, marking their presence in the hospitality industry and on the list of top 25 richest families in the world in 2023.
17. Hoffmann, Oeri Family
Wealth: $44.8 Billion
Industry: Pharmaceuticals
Location: Switzerland
Stakeholders in the Roche company are among the richest families in the world in 2023 - Shutterstock
The Hoffmann and Oeri families control Roche Holding, a giant in the pharmaceutical industry.
18. Van Damme, De Spoelberch, De Mevius Families
Wealth: $43.5 Billion
Industry: Beverages
Location: Belgium
Matt Damon and Anheuser-Busch InBev VP of Global Brands Tim Ovadia speak onstage at an event by the company owned by one of the richest families in the world in 2023. (Photo by Noam Galai / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
These families are major shareholders in Anheuser-Busch InBev, the world's largest brewer.
19. Hartono Family
Wealth: $42.1 Billion
Industry: Finance
Location: Indonesia
One of the richest families in the world in 2023, their father's wealth began when he bought a cigarette brand and renamed it Djarum - Shutterstock
The Hartono family’s wealth comes primarily from their stake in Bank Central Asia.
20. Dassault Family
Wealth: $39.2 Billion
Industry: Software, Aviation
Location: France
Late French industrialist-turned-politician Serge Dassault's children (From L) Laurent Dassault, Olivier Dassault, Marie-Hélène Habert-Dassault and Thierry Dassault, members of one of the richest families in the world in 2023, walk behind their father's coffin during a funeral military ceremony in the Hotel des Invalides courtyard on June 1, 2018 in Paris. Serge Dassault died aged 93 after heart failure at his Paris office on May 29. (Photo by Francois GUILLOT / POOL / AFP)
The Dassault family owns Dassault Systemes, a leader in 3D design software, and Dassault Aviation.
21. Cox Family
Wealth: $36 Billion
Industry: Communications, Automotive
Location: United States
Cox Comm belons to one of the richest families in the world in 2023 - Shutterstock
The Cox family controls Cox Enterprises, a diversified conglomerate with interests in communications and automotive.
22. Mulliez Family
Wealth: $34.3 Billion
Industry: Consumer Retail
Location: France
Founder of the French distribution group Auchan Gerard Mulliez is also a member of one of the richest families in the world in 2023 (AFP / DENIS CHARLET)
The Mulliez family owns Auchan, one of Europe’s biggest supermarket chains.
23. Ferrero Family
Wealth: $33.5 Billion
Industry: Confectionery
Location: Italy
Giovanni Ferrero is a member of one of the richest families in the world in 2023(CONI) on May 4, 2015 during the Universal Exhibition 2015 (Expo Milano 2015 or World Exposition 2015) in Milan. AFP PHOTO / GIUSEPPE CACACE (Photo by Giuseppe CACACE / AFP)
The Ferrero family is known for their global chocolate confectionery business, including brands like Nutella and Ferrero Rocher.
24. Kwok Family
Wealth: $32.5 Billion
Industry: Real Estate
Location: Hong Kong
Members of one of the richest families in the world in 2023, Co-chairman and Managing Directors of Sun Hung Kai Properties Raymond Kwok (L) and Thomas Kwok (R) speak to the press after they were charged for corruption in Hong Kong on July 13, 2012. (Photo by aaron tam / AFP)
The Kwok family’s wealth is tied to Sun Hung Kai Properties, Hong Kong’s largest property developer.
25. Duncan Family
Wealth: $32 Billion
Industry: Industrial
Location: United States
The Duncan family owns Enterprise Products Partners, one of the largest midstream energy companies in the US.
According to Bloomberg, this ranking of the top 25 richest families in the world in 2023 includes only families with multi-generational wealth and excludes first-generation fortunes. The net worth figures are as of November 27, 2023.
