A photograph of Wal-Mart founder Sam Walton and his family is displayed at the Wal-Mart museum, March 17, 2005 in Bentonville, Arkansas. Today Wal-Mart operates many thousands of stores both in the U.S. and abroad. The fiercely anti-union and media-shy company is a target of critics and the Walton family is now the wealthiest on the planet. (Photos by Gilles Mingasson/Getty Images)
The World’s Wealthiest Family Gets $4 Million Richer Every Hour
The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day. If the world needed yet another example of just how unequal the global economy has become, a new analysis of the top 25 wealthiest family dynasties published Saturday revealed that while one out of ten people in the world live on less than $2.00 per day, these super rich families now control a total of $1.4 trillion in assets and are making as much as $4 million every single hour.
According to Bloomberg, the numbers are “mind-boggling” and include a look at—just to name a few—the fabulous riches of the Walton family, which controls the Walmart fortune, the Mars family, descendants of the candy empire, the Saudi Royal family, and the infamous Koch brothers, the right-wing libertarians who inherited their father’s oil, gas, and other holdings.
Notable in the new analysis is not just the size of the massive wealth these families now have, but just how exponentially it has grown, especially compared to others in the economy—both in the last several decades and over the last 12 months.
Read bout and see all the families at ‘The 25 wealthiest dynasties on the planet control $1.4 trillion‘