Which families control america




















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The US may not have any rich royals , but it does have rich families with net worths in the billions. These billionaire clans have accumulated their fortunes in vastly different ways, from publishing and cosmetics to retail and hotels.

Visit Business Insider's homepage for more stories. The Gallo family. The Rockefeller family. The Cathy family. The Butt family. The Stryker family. The Mellon family. The Marshall family. The Brown family. The Sackler family. The Goldman family. The Bass family. The Busch family. The Hunt family. The du Pont family. The Ziff family. The Dorrance family. The SC Johnson family. The Newhouse family. The Lauder family. The Hearst family. The Duncan family. The Pritzker family.

The Cox family. The Edward Johnson family. The Cargill-MacMillan family. The Mars family. The Koch family. The closely held business is owned by members of the Mars family. Mars pays relatively little in dividends compared to peers, choosing instead to reinvest in the business according to a March Moody's credit opinion.

Timeline : Frank Mars is born. He contracts polio as a young boy and is unable to walk to school. Name Koch. A fraternal feud over control of the company in the early s led Frederick and William to leave the family business while Charles and David stayed. The family manages a portion of its wealth through family office Management. Spring Creek Capital, an asset-management arm of Koch Industries, invested in more than special purpose acquisition companies in Name Hermes.

The sixth-generation family owns the French luxury fashion company famous for its Birkin handbags which can run into the hundreds of thousands of dollars. Among the family members who maintain senior positions at the company are Pierre-Alexis Dumas, the artistic director, and Axel Dumas. Timeline : Thierry Hermes starts to make riding gear for noblemen. Name Al Saud. The year-old monarchy for which Saudi Arabia is named can credit the nation's unrivaled oil reserves for seeding its collective fortune.

This net worth estimate is based on cumulative payouts royal family members are calculated to have received over the past 50 years from the Royal Diwan, the executive office of the king. The total wealth controlled by its estimated 15, extended members is likely much higher. Many royals have made money through brokering government contracts and land deals and by founding businesses that service state companies, such as Saudi Aramco. Timeline : Ibn Saud, founder of modern Saudi Arabia, reclaims his ancestral home of Riyadh, kicking off three decades of territorial conquests.

Name Ambani. Dhirubhai Ambani, the father of Mukesh and Anil, started building the precursor to Reliance Industries in the s.

When Dhirubhai died in without leaving a will, his widow brokered a settlement between her sons over control of the family fortune.

Mukesh is now at the helm of the Mumbai-based conglomerate, which owns the world's largest oil refining complex. Timeline : Dhirubhai Ambani returns to India from Yemen, and starts a yarn trading business out of a small office in Mumbai. Anil issues statement saying he's "deeply grateful. Name Wertheimer. Brothers Alain and Gerard Wertheimer are reaping the benefits of their grandfather's funding of designer Coco Chanel in s Paris.

The Wertheimers also own racehorses and vineyards. Their half-brother, Charles Heilbronn, runs family office Mousse Partners. Last year it paid zero. Name Johnson Fidelity. The Boston mutual-fund empire was founded by Edward C. Johnson II in Boston in It is now run by his granddaughter, Abigail. The closely held firm has responded to the shift away from actively-managed funds in favor of low-cost index funds by launching zero-expense ratio funds and building a digital asset arm.

Fidelity announced plans in August to hire 9, new workers in the U. Timeline : Boston-based lawyer Edward C. Name Thomson. The family holds about a two-thirds stake in financial data and services provider Thomson Reuters through investment firm Woodbridge. Roy wrote in his memoir he set up trusts ensuring family control of the business for 80 years "so that death duties will not tear it apart. Timeline : Roy Thomson buys his first newspaper, the Timmins Press.

Name Boehringer, Von Baumbach. More than years later, the Boehringer family, encompassing the von Baumbachs, is still in charge. Chairman Hubertus von Baumbach and his extended family are owners of the closely held company. They invest in private equity through family office Profunda. The company's Type 2 diabetes drug Jardiance is its top seller. Timeline : Albert Boehringer buys a small tartar factory in Germany. Name Cargill, MacMillan. It was founded by William W.

Cargill, who started the commodities business with one grain storage warehouse in Conover, Iowa, in His descendants maintain control of the industrial giant. Both branches share a family office, Waycrosse.

Timeline : William W. Cargill becomes the owner of a grain warehouse. Name Albrecht.



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