There's a difference between having money and ensuring nobody in your family tree will ever be poor. The people we'll be talking about in this video simply have a goal to make it, to grow it, and to keep it. Hello everyone. Welcome back to Business Upside. [Music] Today in this video, you will explore what truly defines global wealth. I am not talking about billionaires who earned it all and plan to give it away. We're looking at families that have built multigenerational fortunes designed to last forever. These are the
families whose names are synonymous with financial power and influence. Without further ado, let's begin the list of the top five richest families in the world. Five. The Mars family. $78 billion. Who is responsible for the Milky Way Snickers and M&M's you love? The Mars family. Frank Mars started the candy company from a small kitchen in 1911. His son Forest joined 18 years later, leading to the invention of flavored nougat, the basis for the globally popular Snickers bar. This family is
responsible for making us crave some of the world's bestselling candies. Accumulating an estimated net worth of $78 billion. From candy to oil and gasoline, the next family dominates a crucial energy industry. Four, the KO family, $82 billion. Which oil and gasoline innovations sparked America's second largest private company, the Ko Industries? With an estimated net worth of $82 billion, the Ko family leads in the oil and gasoline sector. Fred Ko revolutionized the industry in the 1920s
by developing a new method for refining heavy crude oil into gasoline. Today, the Koch industries run a variety of businesses from food and clothing to transportation and fuel. The Koch brothers, Charles and David, are also well known for their political activism and their advocacy for a free and open society. From oil to retail, our next family redefined how America shops. Three, the Walton family, 130 billion. Which family dominates the American retail landscape with over 483 billion in annual sales? The Walton family is
founder of Walmart. Sam Walton and his brother James Bud founded the retail business in 1962, growing it into the largest retail operation in the United States. Following the passing of Sam and Bud, their children took over. Today, the third generation manages the company, which Forbes has crowned as the wealthiest family in the US with an estimated net worth of 130 billion. From retail giants to ancient dynasties, o ur next family holds immense power over an entire nation. Two, the Alsa family,
$1.4 trillion. Can you imagine a family fortune measured in trillions, not billions? The Al-Saud family rules Saudi Arabia. Founded by Muhammad bin Saud, the family now has thousands of members forming a wealthy dynasty with a total net worth estimated at $1.4 trillion. Several Al-Soud members are listed on Forbes's billionaires list, including Prince Alwali bin Tal, who holds a net worth of $9.5 billion. The family's vast wealth and influence allowed them to own some of the world's most expensive
assets and grow Saudi Arabia's global power. And finally, the most secretive financial power in the world. One, the Rothschild family. $10 trillion. Who is the world's most secretive and influential banking dynasty estimated to be worth $10 trillion? It's the Rothschild family. Their influence is so profound that many haven't heard of them. By design, their design, the Rothschild Empire dates back to the 1760s when Maya Amshell Rothschild founded a bank in Germany. They have famously financed almost every major war
since, exponentially growing their wealth in the process. Today, Rothschild and Coders is one of the largest banking dynasties. When banks and governments need money, they often borrow from the Rothschilds with interest. As you've stuck with me up until this point, I wanted to cover why the Gates or Buffett family makes the list. They definitely have the money. I didn't want to look at single individuals. Plus, they decided to give away 99% of their fortunes when they die, so the rest of the family will
end up as simple multi-millionaires eventually. What do you think about building legacy businesses that are transferred from parents to their kids and so on? At what point do you think the new generations are not entitled to the money? What is your take on this? Let us know in the comments section. If you found this video useful and valuable, then don't forget to like, share, and subscribe for more helpful videos. See you in the next episode.
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