billionaire families behind America’s biggest brands
America always has been the land of opportunity.
there are many ways to make money in the U.S.
these 10 families should know.
& their luck was that the products they produce are useful to all of us, as well as well received, like the beer & the chocolate.
without any further talking, let’s take a look at these 10 billionaire families behind the household names you all know.
10. The France Family – Net worth – $5 billion
we begin our top list with the France family. known as the ‘first family’ of NASCAR racing, the successful stock car racing family is currently worth $5 billion.
NASCAR was founded in 1948, by Brill France Sr., with Brian France, the grandson of the founder, as the Chairman & CEO.
the family also controls International Speedway Corporation, a corporation that owns several NASCAR racing venues.
9. Johnson & Johnson Family – Net worth – $5.9 billion
Tylenol, Visine, Neutrogena…are these familiar?
it you’ve ever used a first aid kit or Tylenol, than you’re familiar with Johnson & Johnson.
founded by Robert Wood Johnson in 1886, the company features products that are highly diversified, although the majority of them are related to the health category.
in 1932, Robert Wood Johnson’s son, Robert Wood Johnson II, took over the company & turned it into a billion dollar mammoth company. did you know that they also own the New York Jets?
8. The Shoen Family – Net worth – $6.8 billion
you all know and probably used a U-haul truck.
the billionaire family behind these trucks are the Shoen family.
Leonard Samuel Shoen was an American entrepreneur who founded the U-haul moving equipment & storage rental company, based in Phoenix, Arizona.
it has been in operation since 1945. & today, the Shoen family have a fortune worth $6.8 billion.
well, the company is owned by AMERCO, which also operates Oxford Life Insurance, Republic Western Insurance & Amerco Real Estate, but the Shoen family owns about 55% of the corporation.
7. The Fisher Family – Net worth – 10.1 billion
two words: The Gap. where do you go when you need a basic pair of jeans? often the path leads to the retail chain The Gap.
we talked about this company in our article about Richest Fashion Labels. & the Fisher family owns 41% of the company.
as we said before, The Gap was founded in 1969 by Donald Fisher & Doris F. Fisher, operating 5 primary divisions: Athleta, Old Navy, Piperlime, Banana Republic & the namesake banner.
with over 3.500 stores globally, The Gap is something that every American has to visit. & why not, buy a pair of jeans. or more.
6. The Dorrance Family – Net worth – $12.8 billion
in any supermarket in America you’ll find Campbell canned soups. & the man behind this tasteful food is John T. Dorrance.
he discovered the formula in 1897, a billion-dollar formula, we might add.
headquarted in Camden, New Jersey, Campbell Soup Company’s products are sold in over 120 countries around the world.
cureently, the company has $8 billion in total revenues, & the Dorrance family are worth $12.8 billion.
that’s because they also own other culinary brands, such as Pepperidge farm & Prego.
5. The Busch Family – Net worth – $13 billion
the perfect beer for family gatherings, frat parties and BBQ is, of course, Budweiser!
& for this magic potion we have to thank Adolphus Busch, who brewed his first batch in 1876.
the national beer with universal appeal brought the Busch family $13 billion.
you all know those Budweiser commercials, right? which one is your favorite?
4. The S.C. Johnson Family – Net worth – $25.5 billion
commonly reffered to as S.C. Johnson & Son, or S.C. Johnson, a Family Company in its commercials, this American manufacturer of household cleaning supplies is a dream come true for all of you who are Monica’s type.
do you remember Monica from the TV series ‘Friends’? how obsessed she was with cleaning?
the company has operations in 72 countries & its brands are sold in over 110 countries.
among their products are included Raid, Ziploc, Shout, Mr. Muscle, Glade, Raid & many others.
previously known as S.C. Johnson Wax and earlier, Johnson Wax, the company was founded in 1886, in Wisconsin & presently, the founding family is worth $25.5 billion.
3. The Hearst Family – Net worth – $35 billion
thanks to William Randolph Hearst, we can enjoy reading some of the best magazines in the world: Harper’s Bazaar, Cosmopolitan, Elle, Esquire & O, The Oprah Magazine.
one of the biggest media company is the Hearst Empire, which presently owns 49 newspapers, more than 300 magazines & has heavily invested in channels like ESPN, A&E & Lifetime, as well as in digital distribution, TV production, real estate ventures & business publishing.
Hearst Corporation is based in the Hearst Tower, located in Midtown Manhattan, New York City.
2. The Mars Family – Net worth – $60 billion
just the thought of this company can give you goosebumps. Mars Inc. is an American manufacturer of confectionery, pet food & other food products.
it ranked the 3rd largest privately held company in the U.S. by Forbes. the company is headquarted in McLean & entirely owned by the Mars family, worth $60 billion.
founded by Franks Mars in Tacoma, Washington, the manufacturer makes the delicious Bounty, Juicy Fruit, M&M, Mars, Milky Way, Skittles, Snickers, Spearmint, Twix, Hubba Bubba, Winterfresh, Orbit, Big Red, Eclipse, Doublemint, as well as Uncle Ben’s rice, Pedigree & Whiskas.
1. The Walton Family – Net worth – $152 billion
#1? The Walton family, obviously. the family is among the richest families in the world.
the family that owns America’s largest chain of discount department stores. & that chain is Walmart!
the company was founded by Sam Walton & the current chairman is his first son, Rob Walton.
although the company received some negative reviews due to the way they treat and pay their employees, Walmart still continues to grow.
as proof? The Waltons’ net worth of a whopping $152 billion.
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