Walmart owners top the list of richest families with assets of $432 billion

The latest data on global family wealth revealed some surprising numbers. Out of the ten richest families worldwide, four are from Asia, and one is from the media industry.

However, topping the list are the owners of Walmart, with total assets exceeding $432.4 billion.

According to Bloomberg, which compiled the wealth data of the world's richest families, the owners of Walmart, who operate 10,600 outlets globally, have amassed assets amounting to $432.4 billion. In 2024 alone, their assets grew by nearly $172.7 billion up to December 10th.

The Waltons, who own the retail chain, have surpassed the UAE’s Al-Nahyan family, which topped the wealthiest family list in 2023. In 2024, the Waltons' assets increased by $473 million a day and nearly $328,577 a minute, according to the report.

The 25 richest families in 2024, including the Waltons, saw their wealth increase by over $400 billion due to a strong performance in the capital markets.

Among the top 25 richest families, four are from Asia. The Al-Nahyan Group from the UAE has a total asset value of $329.9 billion. The Al-Thani family from Qatar has $172.9 billion, the Al-Saud family from Saudi Arabia has $140 billion, and the Ambani family from India, which owns Reliance Industries, has $99.6 billion.

Additionally, the Thomson family, who founded Reuters in 1930, is also in the top ten with a wealth of $87.1 billion.

These figures highlight the significant growth in wealth among the world's richest families, with the Waltons leading the pack in 2024.