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Top 10 Richest Families In America

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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South Korea, Japan Protest China, Russia Aircraft Incursions

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South Korea and Japan reacted furiously on Wednesday after Chinese and Russian military aircraft conducted joint patrols around the two countries, with both Seoul and Tokyo scrambling jets.

South Korea said it had protested with representatives of China and Russia, while Japan said it had conveyed its “serious concerns” over national security.

According to Tokyo, two Russian Tu-95 nuclear-capable bombers on Tuesday flew from the Sea of Japan to rendezvous with two Chinese H-6 bombers in the East China Sea, then conducted a joint flight around the country.

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The incident comes as Japan is locked in a dispute with China over comments Prime Minister Sanae Takaichi made about Taiwan.

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The bombers’ joint flights were “clearly intended as a show of force against our nation, Defence Minister Shinjiro Koizumi wrote on X Wednesday.

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Top government spokesman Minoru Kihara said that Tokyo had “conveyed to both China and Russia our serious concerns over our national security through diplomatic channels”.

Seoul said Tuesday the Russian and Chinese warplanes entered its air defence zone and that a complaint had been lodged with the defence attaches of both countries in the South Korean capital.

Our military will continue to respond actively to the activities of neighbouring countries’ aircraft within the KADIZ in compliance with international law,” said Lee Kwang-suk, director general of the International Policy Bureau at Seoul’s defence ministry, referring to the Korea Air Defence Identification Zone.

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South Korea also said it deployed “fighter jets to take tactical measures in preparation for any contingencies” in response to the Chinese and Russian incursion into the KADIZ.

The planes were spotted before they entered the air defence identification zone, defined as a broader area in which countries police aircraft for security reasons but which does not constitute their airspace.

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Japan’s defence ministry also scrambled fighter jets to intercept the warplanes.

Beijing later Tuesday confirmed it had organised drills with Russia’s military according to “annual cooperation plans”.

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Moscow also described it as a routine exercise, saying it lasted eight hours and that some foreign fighter jets followed the Russian and Chinese aircraft.

Since 2019, China and Russia have regularly flown military aircraft into South Korea’s air defence zone without prior notice, citing joint exercises.

In November last year, Seoul scrambled jets as five Chinese and six Russian military planes flew through its air defence zone.

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Similar incidents occurred in June and December 2023, and in May and November 2022.

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Meanwhile, Tokyo said Monday it had scrambled jets in response to repeated takeoff and landing exercises involving fighter jets and military helicopters from China’s Liaoning aircraft carrier as it cruised in international waters near Japan.

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It also summoned Beijing’s ambassador after military aircraft from the Liaoning locked radar onto Japanese jets, the latest incident in the row ignited by Takaichi’s comments backing Taiwan.

Takaichi suggested last month that Japan would intervene militarily in any Chinese attack on the self-ruled island, which Beijing claims as its own and has not ruled out seizing by force.

AFP

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Thousands Reported To Have Fled DR Congo Fighting As M23 Closes On Key City

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Fierce fighting rocked the eastern Democratic Republic of Congo on Tuesday as the Rwanda-backed M23 militia rapidly advanced towards the strategic city of Uvira, with tens of thousands of people fleeing over the nearby border into Burundi, sources said.

The armed group and its Rwandan allies were just a few kilometres (miles) north of Uvira, security and military sources told AFP.

The renewed violence undermined a peace agreement brokered by US President Donald Trump that Kinshasa and Kigali signed less than a week ago, on December 4.

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Trump had boasted that the Rwanda-DRC conflict was one of eight he has ended since returning to power in America in January.

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With the new fighting, more than 30,000 people have fled the area around Uvira for Burundi in the space of a week, a UN source and a Burundian administrative source told AFP.

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The Burundian source told AFP on condition of anonymity he had recorded more than 8,000 daily arrivals over the past two days, and 30,000 arrivals in one week. A source in the UN refugee agency confirmed the figure.

The Rwanda-backed M23 offensive comes nearly a year after the group seized control of Goma and Bukavu, the two largest cities in eastern DRC, a strategic region rich in natural resources and plagued by conflict for 30 years.

Local people described a state of growing panic as bombardments struck the hills above Uvira, a city of several hundred thousand residents.

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Three bombs have just exploded in the hills. It’s every man for himself,” said one resident reached by telephone.

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We are all under the beds in Uvira — that’s the reality,” another resident said, while a representative of civil society who would not give their name described fighting on the city’s outskirts.

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Fighting was also reported in Runingo, another small locality some 20 kilometres (12 miles) from Uvira, as the M23 and the Rwandan army closed in.

Burundi views the prospect of Uvira falling to Rwanda-backed forces as an existential threat, given that it sits across Lake Tanganyika from Burundi’s economic capital Bujumbura.

The city is the main sizeable locality in the area yet to fall to the M23 and its capture would essentially cut off the zone from DRC control.

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Burundi deployed about 10,000 soldiers to eastern DRC in October 2023 as part of a military cooperation agreement, and security sources say reinforcements have since taken that presence to around 18,000 men.

The M23 and Rwandan forces launched their Uvira offensive on December 1.

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Rich in natural resources, eastern DRC has been choked by successive conflicts for around three decades.

Violence in the region intensified early this year when M23 fighters seized the key eastern city of Goma in January, followed by Bukavu, capital of South Kivu province, a few weeks later.

– Regional risk –

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The peace deal meant to quell the fighting was signed last Thursday in Washington by Congolese President Felix Tshisekedi and his Rwandan counterpart Paul Kagame, with Trump — who called it a “miracle” deal — also putting his signature to it.

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The agreement includes an economic component intended to secure US supplies of critical minerals present in the region, as America seeks to challenge China’s dominance in the sector.

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But even on the day of the signing, intense fighting took place in South Kivu, where Uvira is located, which included the bombing of houses and schools.

Witnesses and military sources in Uvira said that Congolese soldiers fleeing the fighting had arrived in the city overnight Monday and shops were looted at dawn.

Several hundred Congolese and Burundian soldiers had already fled to Burundi on Monday, according to military sources, since the M23 fighters embarked on their latest offensive from Kamanyola, some 70 kilometres north of Uvira.
Since the M23’s lightning offensive early this year, the front had largely stabilised over the past nine months.

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Burundian President Evariste Ndayishimiye warned in February there was a danger of the conflict escalating into a broader regional war, a fear echoed by the United Nations.

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‘Santa Claus’ Arrested For Possessing, Distributing Child Sexual Abuse Material

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A 64-year-old man from Hamilton Township has been arrested in the United States after investigators linked him to the possession and distribution of child sexual abuse material.

The suspect, identified as Mark Paulino, had been working as a “Santa for hire” at holiday events, a role that placed him in repeated contact with children.

Mercer County officials said the investigation began on 4 December when detectives were alerted to suspicious online activity involving the uploading of child pornography from a residence in Hamilton Township. The probe quickly identified Paulino, a retired elementary school teacher, as the person involved.

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Police stated that Paulino had presented himself online as a retired teacher and had recently performed as Santa Claus for photographs and private, corporate, and organisational events. “Because this role involved direct, repeated contact with children, detectives worked around the clock to secure a search warrant,” authorities explained.

The warrant was executed on 5 December, during which police seized multiple items regarded as evidentiary. Paulino was taken into custody without incident and charged with possession and distribution of child sexual abuse materials, as well as endangering the welfare of a child.

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Prosecutors have filed a motion to detain him pending trial. The investigation remains ongoing, and authorities have urged members of the public with relevant information to come forward.

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