Watan-The latest economic report on the world’s richest 25 families for the year 2023 reveals that the ruling family of Abu Dhabi, the Al Nahyan family, has surpassed the American Walton family to claim the title of the wealthiest family globally.
According to a report by Bloomberg, this marks the first time in five years that a family other than the heirs of Walmart has become the world’s richest. Bloomberg notes that these extremely wealthy families have added an additional $1.5 trillion to their personal fortunes this year.
The report attributes this increase to robust economic growth, easing inflation, and flexible consumer spending, all of which have supported these families’ businesses over the past 12 months.
Wealth of the Al Nahyan Ruling Family in Abu Dhabi
According to the recently published ranking by Bloomberg for the wealthiest families in the world in 2023, the Al Nahyan ruling family in Abu Dhabi, represented by Mohammed bin Zayed Al Nahyan, the President of the United Arab Emirates, secured the top spot with an estimated fortune of $305 billion.
In the second position is the Walton family, owners of the Walmart retail chain, with Bloomberg estimating their wealth at approximately $259.7 billion.
Taking the third position is the Hermes family, the founders of the fashion house “Hermes,” still in their possession, with a fortune amounting to $150.9 billion.
The fourth position is occupied by the Mars family, owners of Mars, the confectionery company.
The ruling Al Thani family of Qatar, which holds power in the country, secured the fifth position.
The ranking also includes the ruling family of Saudi Arabia, Al Saud, owning 69% of Thomson Reuters media company’s shares, the Thomson family, and the Kwandt family, owning about half of BMW’s shares.
Additionally, the list features the Pritzker family, owners of the Hyatt hotel chain, and the Muller family, owners of the Oceans supermarket chain.
According to Bloomberg’s Billionaires Index, the two richest individuals globally, Tesla CEO Elon Musk and Amazon founder Jeff Bezos, have collectively added over $150 billion to their wealth alone.
Meanwhile, Indian businessman Gautam Adani and American social activist and philanthropist Julia Koch are the only two among the top 20 wealthiest individuals in the world who have become poorer this year, according to Bloomberg.
