Fox news today:
Of the 25 richest families in the world, nine of them — including the wealthiest clan — live in the U.S., according to a report.
Bloomberg found the richest families in the world earlier this year but chose not to include wealth held by only one heir. It also didn’t include riches of a first-generation family.
The figures the website used were from July, according to the methodology section of the report.
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Among the nine American families, their wealth ranges from more than $190 billion to more than $32 billion.
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The other wealthiest families in the world include the Saudi royal family (in fourth place in the world), the Wertheimer family — which owns Chanel — in Paris (in fifth place) and the Quandt family — which owns BMW — in Munich, Germany (in 16th place).
Combined, the 25 richest families in the world control almost $1.4 trillion, Bloomberg found.
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To see which clans made it to the list, here are the nine wealthiest families in the U.S., according to Bloomberg.
The Lauder family
Company: Estee Lauder
Wealth: $32.3 billion
Number of generations: Three
Location: New York
William P. Lauder is the executive chairman of Estee Lauder, which was founded by his grandmother. (Sean Zanni/Patrick McMullan via Getty Images)
Estee Lauder founded her cosmetics company with her husband, Joseph, back in 1946, according to the company’s website. Their two sons, Leonard and Ronald, continued in the family business, and now their children are also involved in the company, which sells $14 billion of cosmetic products, according to Bloomberg.
Today, the Lauder family is the 23rd wealthiest family in the world, according to the outlet.
The (S.C.) Johnson family
Company: SC Johnson
Wealth: $33 billion
Number of generations: Five
Location: Racine, Wisconsin
Chairman and CEO of SC Johnson, Herbert Fisk Johnson III, is the fifth-generation leader of the company. (Jim Spellman/WireImage)
In 1886, Samuel Curtis Johnson started his own flooring company after four years as a parquet flooring salesman, according to the company website. He eventually developed floor care products, and now the private company has brands including Glade, Mrs. Meyer’s Clean Day, Windex and Raid. Today, the company’s Chairman and CEO is Fisk Johnson, the fifth-generation leader of SC Johnson.
The (S.C.) Johnson family is the nineteenth-most wealthy family in the world, Bloomberg reported.
The Pritzker family
Company: Hyatt Hotels
Wealth:$33.7 billion
Number of generations: Four
Location: Chicago
Pritzker heir Anthony and his wife Jeanne in 2015. (Michael Kovac/WireImage)
According to a 2016 report from Forbes, the fortune of the Pritzker family was founded in 1936 by A.N. Pritzker. Bloomberg reported that Pritzker started investing in real estate at the time. In 1957, his grandsons bought the Hyatt House hotel in Los Angeles and developed the Hyatt Hotel chain, according to Encyclopaedia Britannica.
According to Forbes, only Thomas Pritzker is still involved in the Hyatt Hotel branch of the family fortune. He served as CEO from 2004 to 2006, according to the Hyatt website. Meanwhile, Penny Pritzker served as the secretary of commerce under President Obama from 2013 to 2017.
Today, the Pritzker family is the 17th-most wealthy family in the world, according to the website.
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The Cox family
Company: Cox Enterprises
Wealth: $36.9 billion
Number of generations: Four
Location: Atlanta
James C. Kennedy, James Cox’s grandson, is the chairman of Cox Enterprises. (Cox Enterprises)
James Middleton Cox bought the Dayton Evening News in 1898, which was just the beginning for Cox Enterprises, according to the company’s website. Today, the company makes about $21 billion in revenue, according to Bloomberg, and two of James Cox’s descendants are still shareholders of the company.
Today, the Cox family is the 15th-most wealthy family in the world, Bloomberg reported.
The Johnson family
Company: Fidelity Investments
Wealth: $37.4 billion
Number of generations: Three
Location: Boston
Abigail Johnson, president of Fidelity Management & Research Co, and her father, Edward C. Johnson III, during the George W Bush presidency. (Photo by Brooks Kraft LLC/Corbis via Getty Images)
In 1946, Edward C. Johnson II founded Fidelity Management & Research Company, according to the Fidelity website. In 2014 his granddaughter Abigail Johnson was named chairman and CEO of the company, which is a role she continues today.
According to Bloomberg, the Johnson family is the 14th-wealthiest family in the world.
The Cargill, MacMillan family
Company: Cargill, Incorporated
Wealth: $42.9 billion
Number of generations: Six
Location: Minneapolis
Cargill MacMillan and Donna MacMillan in 2009. (BILLY FARRELL/Patrick McMullan via Getty Images)
William Wallace Cargill bought a grain warehouse in 1865, which was just the beginning for what is now one of the largest private companies in the U.S., according to Forbes. The website reported back in 2016 that the Cargill-MacMillan family has more billionaires than any other family.
According to Bloomberg, today the family is the 10th-wealthiest family in the world.
The Koch family
Company: Koch Industries
Wealth: $124.5 billion
Number of generations: Three
Location: Wichita, Kansas
David Koch, who died in August, left, in 2013. His brother Charles Koch, right, in 2012, is the chairman and CEO of Koch Industries. (Phelan M. Ebenhack, Bo Rader/The Wichita Eagle via AP)
According to Bloomberg, the wealth of the Koch family began with Fred Koch’s oil firm and was split between his four sons before two sons left in the 1980s. Charles and David Koch were the two sons who stayed, and today, Charles Koch serves as the chairman of the board and CEO. David Koch, who also maintained a position of leadership until 2018, died in August.
Now, the Koch family is the third-wealthiest family in the world, according to Bloomberg.
The Mars family
Company: Mars, Incorporated
Wealth: $126.5 billion
Number of generations: Five
Location: McLean, Virginia
Mars heiress Jacqueline B. Mars in 2016. (Ron Sachs – Pool via Getty Images)
Candy company Mars was founded by Frank Mars more than 100 years ago. Despite the well-known candies from Mars — such as Snickers, M&Ms, Twix and Dove — Bloomberg reported that more than half the company’s revenue comes from pet-care products.
The outlet also reported that the Mars family is the second-wealthiest family in the world.
The Walton family
Company: Walmart Inc.
Wealth: $190.5 billion
Number of generations: Three
Location: Bentonville, Arkansas
From left to right, Jim Walton, Alice Walton, Jim’s wife, Lynne McNabb Walton, Rob Walton’s wife, Melani Lowman Walton, and Rob Walton in 2018. (Rick T. Wilking/Getty Images)
Sam Walton opened the first Walmart in Bentonville, Arkansas, in1962, according to the company’s website. Now Walmart is the largest retailer in the world by revenue, according to Bloomberg.
According to the website, half of Walmart is owned by Walton Enterprises, the family’s holding company — making th
