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Top 10 Richest Families In America

Published

10 months ago

September 29, 2024

The United States of America maintains the status of a global world power due to its powerful economy, military domination, technological breakthroughs, and cultural impact. Its economic power and domination can be traced to certain families, particularly the top ten wealthiest families in the world.

These wealthy families contributed massively to America’s reputation as a world power, dominating areas such as technology, entertainment, retail, energy, hospitality, and banking and more.

Here is a list of the top ten richest families in America.

10. The Cox Family: Media and Automotive

The Cox family ranks tenth on this list, with an estimated fortune of $26.8 billion derived mostly from media and automobile companies. The family’s empire began in 1898 when James M. Cox bought the Dayton Evening News, which later became Cox Enterprises.

Cox Enterprises gradually expanded into radio, television, cable, and digital media and entered the automotive market with companies such as Autotrader and Kelley Blue Book, solidifying its position as a key player in both industries, with annual revenues exceeding $22.1 billion.

Today, Cox Enterprises is still privately owned, and the family continues to manage its wide portfolio, thereby remain among the wealthiest families in America.

9. The Duncan Family: Oil and Gas

The Duncan family in the ninth position made its money in the oil and gas industry and is worth an estimated $30 billion. Dan Duncan built a pipeline empire in 1968, which accounts for the majority of the family’s riches.

The Duncan family owns Enterprise Products Partners, a corporation that delivers oil, natural gas, and other petroleum products across the United States.

According to Forbes, Duncan’s four children inherited the company upon his death, and it has continued to grow under family management.

8. The Cathy Family: Fast Food

The Cathy family runs one of the most profitable fast-food franchises in the United States and is worth an estimated $33.6 Billion and eight on the list. Truett Cathy founded it in 1946 owes its riches to Chick-fil-A one of the most popular fast-food company in the United States.

Despite being closed on Sundays, the fried chicken fast-food company has over 3,000 outlets and is generates $6.4 billion in sales by 2022. The Cathy family’s conservative principles and devotion to philanthropy have helped to cement their reputation in the fast-food sector and beyond.

7. The Johnson Family: Cleaning Products

SC Johnson, a global leader in cleaning products and household goods that manufactures brands such as Windex, Pledge, Glade, Ziploc, Raid, and others is seventh on the list, and is worth an estimated $38.5 Billion.

S.C. Johnson launched the company in 1886 after working as a salesperson for a parquet flooring manufacturer and eventually purchasing it. The family’s dedication to environmental sustainability and innovation has helped the company maintain its industry-leading position for more than a century.

6. The Pritzker Family: Hotels & Investing

The Pritzker family (Jay Pritzker and his brother Donald) established Hyatt Hotels Corporation, one of the world’s largest and most prominent hotel companies and is worth an estimated $41.6 Billion and is sixth on the list.

The Pritzker family has long been a major participant in American industry and involved in philanthropy and politics.

The Pritzker family now has ten individual billionaires, including former US Secretary of Commerce Penny Pritzker and movie producer Gigi Pritzker.

5. The Johnson Family: Money Management

The Johnsons are one of the wealthiest families in the America and are worth an estimated $44.8 billion and are fifth on the.

The Johnson family is the driving force behind Fidelity Investments, one of the world’s largest asset management organizations created by Edward C. Johnson II in 1946.

4. The Cargill-MacMillan Family: Agribusiness

The Cargill-MacMillan family owns one of the largest privately held enterprises in the United States, which was formed in 1865 by William Cargill worth an estimated $60.6 Billion and is fourth on the list.

In the fiscal year 2023, Cargill Inc. made $177 billion in sales and other revenues from a variety of products including chocolate and livestock feed.

Cargill’s businesses have broadened throughout time to encompass agricultural commodity trading, processing, and distribution, as well as food production and risk management.

3. The Koch Family: Energy & Diversified Holdings

The Koch Family’s fortune is derived from Koch Industries, a conglomerate formed by Fred C. Koch in 1940 that has grown to become one of the largest privately held firms in the United States and is worth an estimated $116 Billion and is third on the list.

The Koch family is one of America’s wealthiest families, well known for their vast interests in the energy sector and diverse assets.

Koch Industries engages in a variety of industries, including oil refining, chemicals, energy, and consumer products, making it a major player in the worldwide market. The Koch family has also made significant donations to political and philanthropic organizations, campaigning for free-market ideals and funding a variety of educational endeavours.

2. The Mars Family: Candy and Pet Food

The Mars Family controls Mars, Inc., which was founded in 1911 by Frank C. Mars and has since grown to become a global leader in candy and pet care products such as M&Ms, Snickers, Pedigree, and Whiskas and is worth an estimated $117 Billion is second on the list.

1. The Walton Family: Retail

The Waltons control Walmart, which began as a single store that Sam Walton built in Rogers, Arkansas, in 1962. The store has expanded to nearly 10,000 locations across 19 countries, generating $648 billion revenue in 2024 fiscal year and is worth an estimated $267 Billion.

Walmart has a market valuation of about $486 billion, and an estimated 45% of its shares are owned by seven members of the Walton family.

The family is the richest in America, mostly because they own Walmart, the biggest retailer in the world.

This article was culled from Yahoo Finance.

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US Appeal Court Rules Against Trump Birthright Citizenship Order

Published

1 day ago

July 24, 2025

Editor

A US appeals court on Wednesday ruled that President Donald Trump’s order restricting birthright citizenship was unconstitutional and backed the decision of a lower court to block the nationwide order.

The order has been mired in legal back-and-forth for months, and is currently halted by a federal court amid multiple legal proceedings.

The Supreme Court ruled last month that lone judges had likely exceeded their powers by issuing nationwide injunctions against a string of Trump’s policies, including his move to end birthright citizenship.

Several district judges had blocked Trump’s attempt to end the longstanding rule, guaranteed in the US Constitution, that anyone born on US soil is automatically an American citizen.

But the Ninth District Court of Appeals ruled that an injunction issued by a district judge based in Seattle was not a case of judicial overreach.

“We conclude that the district court did not abuse its discretion in issuing a universal injunction in order to give the States complete relief,” Judge Ronald Gould wrote.

According to Gould’s ruling, limiting an injunction to the state level would be as ineffective as not blocking the order at all, because of complications that could arise if people move between states with different citizenship rules.

The appeals court also concluded that Trump’s birthright order went against the wording of the US Constitution.

“The district court correctly concluded that the Executive Order’s proposed interpretation, denying citizenship to many persons born in the United States, is unconstitutional. We fully agree,” Gould wrote.

Trump’s executive order decrees that children born to parents in the United States illegally or on temporary visas would not automatically become citizens — a radical reinterpretation of the 14th Amendment to the US Constitution.

The current Supreme Court, with a 6-3 conservative majority, avoided ruling last month on the constitutionality of Trump’s executive order and only addressed the issue of nationwide injunctions, which was nevertheless claimed by Trump as a “giant win.”

The Supreme Court also left open the possibility that executive orders could be blocked via broad class-action lawsuits against the government.

A federal judge earlier this month granted class-action status to any child who would potentially be denied citizenship under Trump’s order, and issued a preliminary halt to it as legal proceedings carry on.

AFP

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49 Feared Dead As Passenger Plane Crashes In Russia

Published

1 day ago

July 24, 2025

Editor

A passenger plane carrying 49 people crashed in Russia’s far eastern region of Amur on Thursday, authorities said.

The aircraft, a twin-engine Antonov-24 operated by Angara Airlines, was headed to the town of Tynda from the city of Blagoveshchensk when it disappeared from radar, regional governor Vassily Orlov said on Telegram.

A rescue helicopter later spotted the burning fuselage of the plane on a mountainside about 16 kilometres (10 miles) from Tynda.

The helicopter saw no evidence of survivors from above, local rescuers said.

The Amur region’s civil defence agency said it was dispatching rescuers to the scene.

“At the moment, 25 people and five units of equipment have been dispatched, and four aircraft with crews are on standby,” it said.

AFP

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19 Dead As Bangladesh Fighter Jet Crashes Into School

Published

4 days ago

July 21, 2025

Editor

A Bangladeshi training fighter jet crashed into a school in the capital Dhaka on Monday, killing at least 19 people and injuring dozens more in the country’s deadliest aviation accident in decades.

An AFP photographer at the scene saw fire and rescue officials taking away the injured students on stretchers, while military personnel helped clear the wreckage.

A military statement said 19 people were killed, including the pilot, and 20 others were critically wounded.

At least 51 people, mostly students, were undergoing treatment at Dhaka’s National Burn and Plastic Surgery Institute, its director Mohammad Nasir Uddin told AFP.

The Chinese-made F-7 BJI aircraft crashed moments after students were let out of class at 1:00 pm (0700 GMT) at the Milestone School and College.

A witness said he heard a huge blast that felt like an earthquake.

“We have two playgrounds, one for the senior students and one for the juniors,” said Shafiur Rahman Shafi, 18, who is enrolled at the school.

“We were on the playground for the seniors. There were two fighter planes… Suddenly one of the two planes crashed here (in the junior playground),” he told AFP.

“It created a boom, and it felt like a quake. Then it caught fire, and the army reached the spot later.”

The interim government of Muhammad Yunus announced a day of national mourning on Tuesday.

Grieving parents and relatives of the victims thronged the National Burn and Plastic Surgery Institute.

Tofazzal Hossain, 30, broke down in tears on learning that his young cousin had been killed.

“We frantically searched for my cousin in different hospitals,” Hossain told AFP.

“He was an eighth grader at the school. Finally, we found his body.”

Yunus expressed “deep grief and sorrow” over the incident in a post on X.

“The loss suffered by the Air Force, the students, parents, teachers, and staff of Milestone School and College, as well as others affected by this accident, is irreparable,” he said.

“This is a moment of profound pain for the nation.”

The crash was the worst aviation accident in the country in several decades.

The deadliest ever disaster happened in 1984 when a plane flying from Chattogram to Dhaka crashed, killing all 49 on board.

Last month, a commercial aircraft crashed in neighbouring India, killing 260 people.