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Top 10 Richest Families In The World

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The world’s wealthiest families not only amass staggering fortunes but also wield significant influence across industries and continents.

From the retail giants to oil dynasties and luxury fashion houses, these families have built empires that define global commerce and culture.

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Here’s a closer look at the top 10 richest families in the world in 2024, per ranking via Investopedia, exploring their net worth and business ventures.

Richest Families in the World

Al Nahyan Family
Net Worth: $305 billion

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Industry: Industrial, diversified investments

The Al Nahyan family is known to be the ruling and wealthiest family in Abu Dhabi . Their wealth amass from vast investments in various sectors, including oil, real estate, and finance.

READ ALSO: Top 10 Richest People In The World

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Walton Family
Net Worth: $259.7 billion
Industry: Consumer Retail (Walmart)

The Walton family, Heirs to the Walmart empire, the Waltons have maintained their position through extensive global retail operations.

Hermès Family
Net Worth: $150.9 billion
Industry: Luxury fashion

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The Hermès family owns the iconic French luxury brand

Mars Family
Net Worth: $141.9 billion
Industry: Confectionery, pet care

The Mars family is best known for their candy empire, including brands like M&M’s and Snickers, and has diversified into pet care.

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Al Thani Family
Net Worth: $133 billion
Industry: Industrial, diversified investments

The Al Thani family is the ruling family of Qatar. The Al Thani family’s wealth primarily stems from their control over Qatar’s vast oil and natural gas reserves. Their investments in various industries, including finance, real estate, and infrastructure, have also contributed significantly to their wealth.

READ ALSO: Irate Youths Burn Down INEC Office In Benue

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Koch Family
Net Worth: $127.3 billion
Industry: Diversified industrial

The Koch family, Owners of Koch Industries, one of the largest private companies in the world, with interests spanning multiple sectors.

Al Saud Family
Net Worth: $112 billion
Industry: Industrial

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Al Saud family, the Saudi royal family, whose wealth is deeply rooted from their control over Saudi Arabia’s oil reserves and their investments in various industries.

Ambani Family
Net Worth: $104.3 billion
Industry: Diversified industrial (Reliance Industries)

The Ambani family’s wealth comes from Reliance Industries, with interests in telecommunications, retail, and digital services.

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Wertheimer Family
Net Worth: $89.6 billion
Industry: Luxury fashion (Chanel)

The Wertheimer family’s wealth mainly comes from their ownership of Chanel, a renowned luxury fashion house. Their successful management and expansion of the Chanel brand have significantly contributed to their wealth.

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Thomson Family
Net Worth: $71.1 billion
Industry: Media (Thomson Reuters)

The Thomsons are major players in the media industry through their ownership of Thomson Reuters, providing news and financial market information.

These families have diversified their investments across various sectors, ranging from traditional industries like oil and retail to luxury fashion and media, demonstrating significant influence and economic power globally​.

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Nine Dead In Austria School Shooting

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A mass shooting at a secondary school in Austria’s second-largest city has left nine people dead and at least 10 others injured in what authorities are calling one of the country’s worst school attacks in recent history, Al-Jazeera reported.

Police were called to BORG Dreierschutzengasse school in Graz on Tuesday morning after reports of gunfire. Emergency services responded swiftly and secured the area.

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Authorities later confirmed that the suspected shooter had died by suicide, bringing the total number of dead to ten, including the attacker.

READ ALSO: China Reacts After Australia Bans DeepSeek On Govt Devices

According to local officials, at least seven of those killed were students. Graz Mayor Elke Kahr described the shooting as a “terrible tragedy.” One adult was also among the dead, though their identity has not yet been released.

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The incident reportedly began shortly after 10 a.m. local time and unfolded across two classrooms. Students, many aged 14 and older, were evacuated and are now receiving psychological support alongside their families.

The attacker is believed to have acted alone and is reported to be a former school student. The motive behind the shooting remains unclear.

 

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17 Palestinians Killed In Israeli Strikes Near Gaza Aid Site

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At least 17 Palestinians were killed and dozens more injured on Tuesday near a humanitarian aid distribution site in central Gaza, according to local health authorities as reported by Reuters.

The casualties reportedly occurred as large crowds of displaced residents gathered in the area to receive aid.

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The deaths were attributed to Israeli gunfire by Gaza’s health officials.

The Israeli military said its forces had fired warning shots at “suspects who were advancing in the area of Wadi Gaza and posed a threat to the troops.”

READ ALSO: Anxiety As Netanyahu Tells UN To Move Lebanon Peacekeepers Out Of ‘Harm’s Way’

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It added that it was aware of reports that several were injured, but said numbers released by local health authorities did not align with the information it had collected.

The warning shots were fired hundreds of meters from the aid distribution site, prior to its opening hours and toward the suspects who posed a threat to the troops,” the military added.

Medics confirmed that those injured were transported to Al-Awda Hospital in the Nuseirat refugee camp and Al-Quds Hospital in Gaza City.

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The Israeli military contested the reported casualty figures but acknowledged that several people were wounded during the incident.

READ ALSO: Five Feared Killed As Military Clashes With Shi’ite Protesters In Abuja

The shooting occurred in an area where the military has labelled a hazardous zone for its personnel.

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This came after a warning issued last week by the Israeli army, advising Palestinians to avoid roads leading to Gaza Humanitarian Foundation sites between 6 p.m. and 6 a.m., which were designated as “closed military zones.”

The incident adds to growing concerns over civilian safety amid ongoing conflict in Gaza. Just last week, at least 27 Palestinians were reported killed near another aid site in Rafah, also by Israeli fire.

That event marked the third consecutive day of disruption to aid operations, according to local health officials.

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READ ALSO: Pope Receives Relatives Of Captives, Calls For Peace In Israel, Palestine

Day after day, casualties & scores of injured are reported at distribution points manned by Israel & private security companies,” Philippe Lazzarini, the chief of the United Nations Palestinian refugee agency (UNRWA), wrote on X.

This humiliating system continues to force thousands of hungry & desperate people to walk for tens of miles excluding the most vulnerable & those living too far,” he said.

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The war erupted after Hamas-led militants took 251 hostages and killed 1,200 people, most of them civilians, in the Oct. 7, 2023, single deadliest day.

Israel’s military campaign has since killed more than 54,000 Palestinians, most of them civilians, according to health authorities in Gaza, and flattened much of the coastal enclave.

AFP

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Britain’s Jobless Rate Climbs To 4.6% As Economy Weakens

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Britain’s unemployment rate has reached its highest level since July 2021, according to official data released on Tuesday, following a UK tax rise and the implementation of US tariffs.

The rate climbed to 4.6 percent in the three months to the end of April, according to the Office for National Statistics.

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That compared with 4.5 percent in the first quarter of this year, the ONS added.

Tuesday’s data covers the start of a hike in business tax laid out in the Labour government’s inaugural budget last October.

April also saw the beginning of a baseline 10-percent tariff imposed on the UK and other countries by US President Donald Trump.

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“There continues to be weakening in the labour market, with the number of people on payroll falling notably,” said ONS director of economic statistics Liz McKeown.

READ ALSO: Britain To Invest 16bn In New Nuclear Power Projects

“Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on.”

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Analysts said the data, which included slowing growth to wages, would likely see the Bank of England continue to cut interest rates into 2026, weighing on the pound but lifting London’s stock market in early trade on Tuesday.

With payrolls falling, the unemployment rate climbing and wage growth easing, today’s labour market release leaves us more confident in our view that the Bank of England will cut interest rates further than investors expect, to 3.50 percent next year,” noted Ruth Gregory, deputy chief UK economist at Capital Economics research group.

The Bank of England last trimmed borrowing costs in May by a quarter point to 4.25 percent.

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