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Friday, February 22nd, 2019

These Are The Richest Families In The World For 2018

Author:    
Source:     GQ
Publication Date:     14 NOV 2018
 Link: These Are The Richest Families In The World For 2018
Stephan:   I had two readers write me today asking basically the same thing: You make such an issue of Neofeudalism, who are the richest families in the world? I had done research on the richest individuals, but not families, so I went looking. Here is what I found. Could you write a check today for $400 without stress? How about $1,000? How about $10,000? How about $100,000?  How about a million? Ten million? Well, these are families that could write a check for a billion and hardly notice. This is what Neoliberalism has created. I think it is obscene.

We’re a culture that fetishises wealth and glorifies the rich. Those in the world of business that find themselves in the upper echelon are just as much a business leader as they are celebrity to the public gaze. But however much we adore the wealthy, it’s wealthy families that hold all the appeal.

Family business is no drill and the staggering fortunes that accumulate in the bloodline can also make for a lot of pressure. But unlike wealthy individuals who seem to espouse impersonal business success or serve as the face behind a monolithic corporation, all of us have a family. Family business seems to imply values of authenticity, tradition, lineage and quality and at the end of the day, a wealthy family is as close to Royalty as we can get without flying to Buckingham Palace.

Here are the 10 wealthiest families in the world.

1. The Walton Family (Wal-Mart)
Estimated Wealth: $208.2 to $239.8 Billion AUD

Considering that Wal-Mart is a retail behemoth, it’s no shock that the Waltons should be America’s richest […]

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1 Comment

  1. Rev. Dean on Friday, February 22, 2019 at 8:20 am

    I agree Stephan, this is obscene. Why do these families need so much wealth when we have people living in the streets? These families should be taxed, AND HEAVILY, to make it possible for other families to survive in this dreadfully expensive economy.