Net Worth: $163 Billion
Industry: Retail Notable
Member(s): Sam Walton
Claim to Fame: Walmart
If you haven’t heard of the Walton’s, you’ve definitely heard of a little chain of stores they own, known as Walmart. Sam Walton first started the company back in 1962, under the name of Walton’s 5&10. Competitors laughed at the idea of basing the business model around low prices – but we’re pretty sure Mr. Walton got the last laugh on that one.
Considering that Walmart is the largest retailer – both in general and in revenue – you can imagine the type of dough the family rakes in. Today, the store pulls in nearly $500 billion every single year. The Walton family employs over 2 million people worldwide and enjoys a net worth of over $160 billion. They’ve been named as the second richest family in America. Unlike many cases, Walton’s have maintained ownership of the majority of stocks in the company – currently holding nearly 5.5%. With Amazon on the rise, it’s hard to say if they’ll continue to see that $500 billion increase, but they’ve managed to stay super wealthy for decade upon decade, so they’ll most likely figure something out.
The Kroenkes
Net Worth: $8.8 Billion
Industry: Sports and Entertainment
Notable Member(s): Stanley Kroenke
Claim to Fame: Denver Nuggets, Los Angeles Rams
The Kroenke family also has its wings spread pretty wide when it comes to their financial accomplishments. Stan Kroenke’s made a name for himself in the world of sports and entertainment, buying teams such as the Colorado Rapids and the Los Angeles Rams.
But Kroenke’s wife, Ann, also happens to be the niece of Walmart’s founder, Sam Walton –which makes her the heiress to the retailer’s fortune. Ann also owns a few sports teams herself, including the Denver Nuggets and Colorado Avalanche. The NFL has restrictions about how many teams an owner can have, hence why she stepped into the sports world. The Kroenke’s also own quite a few ranches that total nearly 900,000 feet of land including the Waggoner Ranch, the biggest one in Texas. Their company, Kroenke Sports and Entertainment, owns the Pepsi Center in Denver and co-owns Dick’s Sporting Goods Park in Commerce City. But their reach also goes beyond the borders of the USA, as they also own some stakes in the Arsenal Football Club in the UK. They recently were criticized due to the fact they launched a television channel overseas that features trophy hunting.
The Wests
Net Worth: $1.4 Billion
Industry: Entertainment
Notable Member(s): Kim Kardashian
Claim to Fame: Kim Kardashian’s Instagram Account
Kanye West and Kim Kardashian have a strange dynamic going on in their family. Kanye grew into his fame through putting out music – like his hit song, Gold digger, while Kim found her fame through…Instagram and adult movies.
But these days, Kim uses her insanely high follower count to sell her makeup and bring in money through endorsements. She gets paid millions of dollars for every sponsored post that she makes on social media. She also stars in her family’s reality show: Keeping Up with the Kardashians. Kanye is still rapping and performing occasionally, but he’s also been wrapped up in politics, lately. There’s even a rumor that he’ll be running for president in 2020. The couple has four children together, including a son that was born recently via surrogate. Welcome to the world, son, you’re a billionaire!
The Golisanos
Net Worth: $3 Billion
Industry: Finance
Notable Member(s): Tom Golisano
Claim to Fame: Paychex
Entrepreneurs and millennial business owners alike are just some of the many groups that are familiar with Paychex, the payroll service started by Tom Golisano in 1971. Today, it’s one of the bigger names in payroll checks, operating out of more than 100 offices around the United States.
Golisano began the financial empire with just $3,000, and its headquarters remains where it all started – in Rochester, New York. The company has bought out several other payroll businesses along the way, including SurePayroll in 2011, which they paid more than $100 million for. More recently, they announced that they’d bought The Lessor Group in 2018. Golisano bought the Buffalo Sabres but sold them to Terry Pegula in 2011. He’s also made several charitable donations to organizations that support autistic and otherwise disabled children. To date, he’s donated more than $300 million of his $3 billion net worth. As of 2017, Forbes called Galisano the 264th richest man in the United States.
The Kibars
Net Worth: $2.9 Billion
Industry: Biotechnology, Finance
Notable Member(s): Osman Kibar
Claim to Fame: Samumed Osman
Kibar has been ranked as one of the richest Turks, and well, one of the richest people in the world, by Forbes. Kibar is the current CEO of Samumed, a biotech firm that creates pharmaceuticals for all different types of illnesses and disorders. The company, that specializes in anti-aging drugs, brought in $500 million recently from private investors.
Kibar founded his first company while he was enrolled in a Ph. D program at the University of California in San Diego. In fact, he founded an additional company at the same time as well, although since he was still busy with school, he didn’t play too much of an active role in either. But in 2008, Kibar founded Samumed – a move that would change the course of his life. The company was so successful that Pfizer bought it. However, they ultimately ended up in disagreement which caused the smaller company to branch off on its own. Now, that “little” company is worth over $12 billion.