45 American Families with a Net Worth Exceeding $10 Billion, Waltons Surpass Elon Musk in Wealth

Forbes has released a new ranking of American families with a net worth of at least $10 billion, and it shows that there are 45 decabillionaire families. The wealthiest family, the Waltons, own 45% of Walmart and have a combined net worth of $267 billion as of January 16. This figure exceeds Elon Musk’s net worth, which is approximately $202 billion. Together, these 45 super-rich families have an estimated total net worth of roughly $1.3 trillion, which is about ten times that of Warren Buffett’s personal fortune.

The Mars family is the second wealthiest family on the list, with a fortune of $117 billion. Other notable families such as Koch, Lauder, Hearst, and Marriott are also included in the rankings. However, some prominent names like Carnegie, Vanderbilt, and Getty have been omitted due to various reasons such as stock-price performance, legal disputes, taxes on stock sales, and charitable giving.

Some of America’s wealthiest families built their fortunes by establishing the country’s largest private companies. For example, the Cargill-MacMillan family owns over $60 billion through their ownership of about 88% of Cargill, a major ingredients company. Others still maintain ownership stakes in public companies they helped build like the Dorrance family with nearly 40% of Campbell Soup and the Brown family with about half of Brown-Forman. Additionally, some families have sold their stakes in businesses like the Busch family who sold its stake in Anheuser-Busch to InBev in 2008 and the Haslam family who sold their stake in Pilot Travel Centers for about $13 billion to Warren Buffett’s Berkshire Hathaway over several years.

The list highlights that building vast generational wealth requires creating a lasting massive business regardless of whether it is kept within the family or taken private or sold has no significant impact on achieving this goal.

By Editor

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