Net Worth: $10.8 Billion
Industry: Alcohol
Notable Member(s): Gina Gallo
Claim to Fame: Barefoot
The Gallo family business started in 1933, when two brothers, Julio and Ernest, started up E&J Gallo Winery. Little did they know that one day, their family would be one of the biggest names in the industry. The brothers ran E&J for nearly seven decades, while their other brother, Joseph, had his own cheese business.
Now, one may think that cheese and wine would go hand in hand, which in most cases, they do, but not in these circumstances. Joseph opened a diary of his own and sold the cheese using the family name, for which Julio and Ernest sued him. Today, Joseph’s daughter runs the business which is now simply called Joseph Farms. As far as E&J goes, it is still being run by Ernest and Julio’s grandchildren and children and brings in over $3.5 billion every year. Some popular brand names that are actually owned by E&J are Barefoot Cellars, William Hill Estate, and Frei Brothers, among others. The company has also expanded to produce other types of liquor, like vodka and gin, as well.
The Ashkenazys
Net Worth: $4 Billion
Industry: Real Estate
Notable Member(s): Ben Ashkenazy
Claim to Fame: Ashkenazy Acquisitions
Ben Ashkenazy may not be the richest person on this list, but you can bet that he was the youngest one to start a (successful) business! Ashkenazy opened up his first company before he even turned 18.
He went to scope out a location for a fast food place that he was interested in opening, but he wasn’t satisfied with the terms of the lease and he ended up searching out investors to buy the property. Because of that decision, Ashkenazy now enjoys a fortune of over $4 billion. His company, Ashkenazy Acquisitions, owns commercial and residential real estate all over the world. Some of the properties under their belt include part of the Plaza Hotel in NYC, where the headquarters is located. All in all, the real estate giant owns more than $12 billion worth of buildings.
The LeFraks
Net Worth: $6.5 Billion
Industry: Real Estate
Notable Member(s): Richard LeFrak
Claim to Fame: Jersey City
The LeFrak name is another that’s a huge player in the real estate world. In fact, the LeFrak empire has spanned over 10 decades and accumulated over $6 billion since its inception in 1883. Richard LeFrak took over the family business when his father, Sam, died in 2003.
The family even has an entire city named after them near Manhattan that includes over 20 buildings and 5,000 apartments and is considered to be one of the biggest names in real estate in the New York area. They mainly focus on providing apartments to the middle class, but they’ve recently expanded into luxury, as well. The LeFrak family basically owns all of Jersey City, being that Samuel LeFrak bought the most of it 1985, and Richard turned it into what it is today. Richard has two sons, Harrison and James, that are both vice chairmen on the board of the family organization today. The company is one of the largest privately-owned real estate firms in the country.
The Bezos
Net Worth: $153 Billion
Notable Member(s): Jeff Bezos
Industry: Sales, Aerospace, Media
Claim to Fame: Amazon
Today, Jeff Bezos is one of the wealthiest people in the world, but he hasn’t always had quite so much money. In fact, Bezos’ childhood probably wasn’t much different than many children who are chasing the American dream. Now, he owns Amazon, one of the greatest e-commerce sites in existence. But Amazon is just one of many businesses that Bezos controls.
Let’s back it up to when he was a kid because Bezos was not by any means handed all of this wealth. He grew up getting his hands dirty on his grandfather’s ranch in Texas before heading off to study at Princeton. He graduated cum laude from the University and went on to work on Wall Street for a period of time before he launched Amazon as an online bookstore in 1995. As the years progressed, so did the website, which began selling more and more products and services every day. The business has gotten so large that they beat out all of the other services combined in shipping times – getting packages to their customer’s doors in two days or less. In 2004, Bezos started an aerospace company called Blue Origin, and in 2013, he bought The Washington Post.
The Careys
Net Worth: $300 Million
Industry: Music and Entertainment
Notable Member(s): Mariah Carey
Claim to Fame: Mariah Carey
Most everyone in the modern world probably recognizes the name, Mariah Carey. After all, she’s one of the best singers of all time, with a 5-octave vocal range that most entertainers can only dream of having. She’s sold more than 2 million records to loyal fans all across the globe.
But Mariah wasn’t always living the luxurious lifestyle that she’s built for herself today. She had a fairly normal childhood and moved to New York when she was young to pursue her dreams, working as a waitress to help pay the rent on the 1-bedroom apartment she shared with 4 other girls. But after she got one of her demo tapes into the hands of someone at Columbia Records, they knew they had a star on their hands. Now, she’s worth over $300 million, but things for Mariah haven’t all been sunshine and unicorns. In her recent divorce from ex-husband Nick Cannon, she had to fork over some serious alimony – a whopping 1 million every month.