World’s Top 5 Ultra-Rich Families

The world’s wealthiest families have amassed fortunes either from inheriting businesses, or from building multibillion-dollar empires from the ground up for next-in-line successors. Here are the world’s richest billionaire families according to Forbes data, with net worths as of August 10, 2022.

- CHERRY AISNE TRINIDAD

1. Bernard Arnault & family

Net worth: $170.7 billion

Citizenship: France

Europe’s richest man Arnault oversees LVMH Moët Hennessy Louis Vuitton. The group’s fashion and leather goods business, which carries high-end brands like Louis Vuitton, Christian Dior, Fendi, and Celine, Loro Piana and Loewe made up 49.4% of its $37.7 billion in revenues in the first half of 2022. It acquired Tiffany & Co. for $15.8 billion in January 2021, adding it to its portfolio of over 75 brands. In July 2022, Arnault announced the restructuring of the family holding company Agache to a limited joint-stock partnership designed to equally hand the group’s control to his five children: Delphine, Antoine, Alexandre, Frédéric and Jean. Collectively, Arnault and his family owns 47.99% of LVMH group’s share capital, with 63.7% of voting rights as of June 2022.

2. Gautam Adani & family

Net worth: $129.1 billion

Citizenship: India