10 Wealthiest Families in America in 2023: Some families have amassed billions of dollars in net worth over the course of centuries and decades in the marketplace. There are numerous billionaire families in the United States, with the Waltons having the staggering net worth of $247 billion. From the Waltons to the Johnsons and Newhouses, the article identifies the ten wealthiest families in America in 2023-2024 and provides fundamental information about each. Not only the United States, but also these families are considered to be among the wealthiest in the world (though not on the same level).
10 Wealthiest Families in America in 2023
The table lists the top ten wealthiest families in the United States along with their net worth (as of 2023) and income source.
The 10 wealthiest American families in 2023
Let us learn a little bit about these wealthy families in the United States in 2023. The majority of these households are also among the world’s wealthiest.
Top Richest Families in the World 2023
Walton family
The Walton family is the wealthiest family in the United States in 2023, with a net worth of approximately $247 billion. In addition, the Waltons are the wealthiest family in the world due to their investment in Walmart. Sam and James Walton founded Walmart in 1962, and it is presently the world’s largest retailer by revenue.
Koch family
The owners of America’s largest private company, Koch Industries, are the second wealthiest in the United States in 2023. Since 1967, Charles Koch has served as chairman and chief executive officer of the corporation, and his three brothers also inherited shares. Charles and David continue to manage the business, which now includes paper products, chemicals, and a venture capital fund.
Mars family
Next among the wealthiest American households is the Mars family. The family owns Mars Inc., one of the largest candy and pet food companies in the globe. Frank Mars, the company’s creator, began selling candies out of his kitchen in Tacoma, Washington, in 1911. The original confectionery manufacturer has added a pet care division.
Cargill-MacMillan family
10 Wealthiest Families in America in 2023: The Cargill-MacMillan family owns one of America’s largest private companies, Cargill. In 1865, the company was founded in Iowa as a grain storage facility; it now distributes and markets food, trades commodities, and provides financial risk management. There are approximately 90 family members who own 88% of the business, and eight of them are billionaires.
Lauder family
In 1946, Estée Lauder developed skin treatments in her kitchen and founded a cosmetics company with her husband. The company expanded to become the second largest cosmetics manufacturer in the globe. Currently, the Lauder family consists of six millionaires and possesses shares in 29 brands, including MAC, Origins, and Clinique.
SC Johnson family
S. C. Johnson & Son, Inc., a parquet flooring corporation founded in 1885 and headquartered in Wisconsin, is still managed by the founder’s descendants centuries later. The corporation is a multinational producer of cleaning products and other consumer substances. On the list of the ten wealthiest households in the United States in 2023, the family ranks fifth.
(Edward) Johnson family
Edward Johnson II founded the mutual fund corporation Fidelity in 1946, which contributed to the family’s wealth. However, the family owns only 49% of the shares, with employees owning the remaining 51%. The second-largest mutual fund company is managed by the granddaughter of the company’s founder, Abigail Johnson. In 2023, the family’s net worth is $36 billion.
Cox family
Cox Enterprises, one of the greatest media and automotive companies, generated over $21 billion in revenue in 2020 and is owned by the Cox family. James M. Cox founded the corporation in 1898, and his great-grandson Alex Taylor currently serves as president and chief executive officer. The Cox family, with a net worth of $34.5 billion, is one of the wealthiest in the United States.
Pritzker family
Prior to its acquisition by Berkshire Hathaway, the Pritzkers managed the industrial conglomerate Marmon Group. They also own the 5-star Hyatt hotel chain. In 1957, A.N. Pritzker founded Hyatt, which is now managed by his sons. Thomas Priztker is the chairman of the board at Hyatt, while his brother, Jason Pritzker, also serves on the board.
Newhouse family
The top ten wealthiest households in America The year 2023 ends with the Newhouse family. Sam Newhouse founded Advance Publications in 1922 and amassed a publishing empire, which provided the family with its fortune. Additionally, the corporation has investments in Discovery Communications and the social news website Reddit. The magazine division is managed by brothers Samuel and Donald, who also oversee the newspaper and television segments.
FAQs
- Which American family is the wealthiest in 2023?
Walton relatives - What is the Walton family’s source of income?
American transnational retail corporation Walmart - Is the Walton family also the wealthiest in the world?
Yes
The list of the ten wealthiest families in the United States in 2023 is compiled using information from credible sources. The individuals on the list are currently the wealthiest in the United States, but since the market is highly unpredictable, there is a possibility that the list will continue to evolve. The information provided here is current, but if any alterations occur in the future, we will keep you informed.
