World’s wealthiest family $4million richer every hour

26 August, 2019 by
FMCG Business
James Carr Walton – one of the heirs of the Walmart fortune. Photocredit: Wikipedia

The numbers are mind-boggling: US$70,000 per minute, $4 million per hour, $100 million per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families.

At that rate, their wealth would’ve expanded about $23,000 since you began reading this. The heirs of Sam Walton, Walmart’s notoriously frugal founder, are amassing wealth on a near-unprecedented scale — and they’re hardly alone.

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The Walton fortune has swelled by $39 billion, to $191 billion, since topping the June 2018 ranking of the world’s richest families.

Other American dynasties are close behind in terms of the assets they’ve accrued. For example the Mars family, of candy fame, is overseeing an estimated fortune of $127 billion.

The 25 wealthiest dynasties on the planet control US$1.4 trillion.

Source: Bloomberg.com