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Combined Fortune of World’s Wealthiest Families Increased 22 Percent in the Last Year

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By Entrepreneur Staff Right now, Jeff Bezos, Elon Musk, and Bernard Arnault dominate the ranking of the world’s great billionaires. However, if we talk about entire families, the list changes completely. As reported by Bloomberg, the combined fortune of the 25 richest families of the world increased 22 percent last year and the new list is led by the Waltons, owners of Walmart, the largest retail chain more globally. The agency, which specializes in monitoring the great fortunes of the planet, estimates that the Walton family has a fortune of $238.2 billion. This equates to the gross domestic product (GDP) of countries like Ecuador, Puerto Rico, and Paraguay, together. Entrepreneur Sam Walton founded Walmart in 1962 and today his descendants hold 48 percent of the shares of the retail and wholesale giant. The chain has more than 10,500 stores around the world, which generate revenues estimated at $559 billion a year. …

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