Connect with us

Headline

Top 10 Richest Families In The World

Published

on

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.

Advertisement

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

Advertisement

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

Advertisement

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

Advertisement

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.

Advertisement

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

Advertisement

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

Advertisement

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.

Advertisement

READ ALSO: FULL LIST: LPPC Shortlists 98 Lawyers For SAN Title

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.

Advertisement

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​.

Advertisement

Headline

JUST IN: Canadian Court Declares APC, PDP Terrorist Organisations

Published

on

The Federal Court of Canada has upheld a ruling that classified Nigeria’s two major political parties, the All Progressives Congress, APC, and the Peoples Democratic Party, PDP, as terrorist organisations, while denying asylum to a former member, Douglas Egharevba, over his decade-long affiliation with both parties.

In a judgment delivered on June 17, 2025, Justice Phuong Ngo dismissed Egharevba’s application for judicial review after the Immigration Appeal Division, IAD, found him inadmissible under Canada’s Immigration and Refugee Protection Act, IRPA.

Advertisement

According to the Peoples Gazette, the Minister of Public Safety and Emergency Preparedness had argued that the APC and PDP were implicated in political violence, subversion of democracy and electoral bloodshed in Nigeria.

Court records showed that Egharevba was a PDP member from 1999 to 2007 before joining the APC, where he remained until 2017. He moved to Canada in September 2017 and disclosed his political history.

READ ALSO:Britain, Canada, France Warn Israel Over ‘Egregious Actions’ In Gaza

Advertisement

Canadian immigration authorities flagged his affiliations, citing intelligence reports linking both parties to electoral violence and politically motivated killings.

The IAD based its decision largely on the PDP’s conduct during the 2003 state elections and 2004 local government polls, when the party allegedly engaged in ballot stuffing, voter intimidation and killing of opposition supporters.

The tribunal found that the party leadership benefited from the violence and took no action to stop it, meeting Canada’s legal definition of subversion under paragraph 34(1)(b.1) of the IRPA.

Advertisement

Justice Ngo affirmed that mere membership in an organisation linked to terrorism or democratic subversion is enough to trigger inadmissibility under paragraph 34(1)(f) of the IRPA, even without proof of personal involvement.

READ ALSO:Canada-based Nigerian Arrested Over $610,382 Romance Scam

Egharevba’s claim that political violence was widespread across all Nigerian parties was dismissed.

Advertisement

The court ruled that even flawed Nigerian elections constitute a democratic process under Canadian law and that undermining them qualifies as subversion.

The decision effectively ends Egharevba’s asylum claim, with deportation proceedings expected to follow.

Advertisement
Continue Reading

Headline

US Approves Sale Of Bombs, Others Worth $346m o Nigeria

Published

on

The United States Government has approved a possible Foreign Military Sale to Nigeria of munitions, precision bombs, precision rockets, and related equipment valued at $346 million.

The approval was contained in a statement from the Defence Security Cooperation Agency, dated August 13, but received via email on Thursday.

Advertisement

The agency said it has notified the US Congress of the potential sale.

“The State Department has made a determination approving a possible Foreign Military Sale to the Government of Nigeria of Munitions, Precision Bombs, and Precision Rockets and related equipment for an estimated cost of $346 million. The Defence Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today, ” the statement partly read.

READ ALSO: FEC Approves N142bn For Construction Of Bus Terminals Six Zones

Advertisement

Under the request, Nigeria seeks to purchase 1,002 MK-82 general purpose 500-pound bombs; 1,002 MXU-650 Air Foil Groups for Paveway II GBU-12; 515 MXU-1006 Air Foil Groups for Paveway II GBU-58; 1,517 MAU-169 or MAU-209 computer control groups for Paveway II GBU-12/GBU-58; 1,002 FMU-152 joint programmable fuzes; and 5,000 Advanced Precision Kill Weapon System II all-up-rounds.

The Government of Nigeria has requested to buy one thousand two (1,002) MK-82 general purpose 500 lb bombs; one thousand two (1,002) MXU-650 Air Foil Groups (AFGs) for 500 lb Paveway II GBU-12; five hundred fifteen (515) MXU-1006 AFGs for 250 lb Paveway II GBU-58; one thousand five hundred seventeen (1,517) MAU-169 or MAU-209 computer control group (CCG) for Paveway II GBU-12/GBU-58; one thousand two (1,002) FMU-152 joint programmable fuzes; and five thousand (5,000) Advanced Precision Kill Weapon System II (APKWS II) all-up-rounds (AURs) (consisting of one each WGU-59/B guidance section (GS); high-explosive warhead; and MK66-4 rocket motor), ” it stated.

The package also includes non-major defence equipment such as FMU-139 joint programmable fuzes, bomb components, impulse cartridges, high-explosive and practice rockets, integration support, test equipment, and logistical and program support services.

Advertisement

The DSCA said the proposed sale aims to strengthen Nigeria’s capability to address current and future threats, including operations against terrorist organisations and illicit trafficking in Nigeria and the Gulf of Guinea. It added that the deal will not alter the military balance in the region and will have no adverse impact on US defence readiness.

READ ALSO:JUST IN: Ibom Air Passenger Breaks Silence After Release

The following non-MDE items will also be included: FMU-139 joint programmable fuzes; bomb components, impulse cartridges, and high-explosive and practice rockets; integration support and test equipment; U.S. Government and contractor technical, engineering, and logistics personnel services; and other related elements of logistical and program support. The total estimated program cost is $346 million.

Advertisement

“This proposed sale will support the foreign policy goals and national security objectives of the United States by improving the security of a strategic partner in Sub-Saharan Africa.

“The proposed sale will improve Nigeria’s capability to meet current and future threats through operations against terrorist organisations and to counter illicit trafficking in Nigeria and the Gulf of Guinea. Nigeria will have no difficulty absorbing these munitions into its armed forces.

“The proposed sale of this equipment will not alter the basic military balance in the region, ” the statement added..

Advertisement

READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident

The principal contractors for the potential sale are RTX Missiles and Defence, Lockheed Martin Corporation, and BAE Systems.

At this time, the U.S. Government is not aware of any offset agreement proposed in connection with this potential sale. Any offset agreement will be defined in negotiations between the purchaser and the contractor. Implementation of this proposed sale will not require the assignment of any additional U.S. Government or contractor representatives to Nigeria.

Advertisement

“There will be no adverse impact on U.S. defence readiness as a result of this proposed sale.

“The description and dollar value are for the highest estimated quantity and dollar value based on initial requirements. Actual dollar value will be lower depending on final requirements, budget authority, and signed sales agreement(s), if and when concluded, ” the statement concluded.

 

Advertisement

Continue Reading

Headline

Israeli Military Intercepts Missile From Yemen

Published

on

The Israeli military said on Thursday it intercepted a missile fired from Yemen, with the Iran-backed Huthi rebels claiming responsibility for the attack.

Israel’s army said on Telegram that “the air force intercepted a missile launched from Yemen.

Advertisement

Huthi military spokesman Yahya Saree later said the group had launched a “Palestine 2 hypersonic ballistic missile” targeting Israel’s Ben Gurion airport.

READ ALSO:Israeli Fire Kills 34 In Gaza

The Yemeni rebels have repeatedly launched missiles and drones at Israel since their Palestinian ally Hamas’s October 2023 attack on Israel sparked the Gaza war.

Advertisement

The Huthis, who say they are acting in support of the Palestinians, paused their attacks during a two-month ceasefire in Gaza that ended in March, but renewed them after Israel resumed major operations.

Israel has carried out several retaliatory strikes in Yemen, targeting Huthi-held ports and the airport in the rebel-held capital Sanaa.
AFP

Advertisement
Continue Reading

Trending