The Ten Richest Families in America and Their Rise to Riches
Self-made millionaires are not uncommon in the dotcom era, but their fortunes pale in comparison to those of the ten richest families in America. These families weren’t overnight successes, but their fortunes have stood the test of time and are the result of strong family ties and very smart estate planning.
One of the richest families in the U.S. and the world, the Walton family enterprise is now in its third generation.
The Mars family lobbied for the elimination of the estate tax, a key move considering the fortunes that can be nearly cut in half by the 40% estate tax.
This family has 14 billionaires on the family tree.
Although the family got its start in media, diversification has helped the Cox family grow its fortune over the years.
In its fifth generation of family ownership, this multinational brand is now a household name.
What started as a newspaper company passed from father to son in 1887 grew into the media conglomerate we know today.
10. Duncan ($21.5 billion)
The Duncan family turned a $10,000 investment in 1968 into its current net worth of $21.5 billion. Not bad for a family enterprise.
These families can help put your own financial trajectory in perspective. Are you on the right track? Are you making the most of your money? Significant wealth isn’t out of reach for even the humblest of beginnings; it just takes good planning.
If you’re ready to create a wealth plan for your family, start by sitting down with me. As your Personal Family Lawyer®, I can help you plan for your family. Our Family Wealth Planning SessionTM guides you to protect and preserve what matters most. Before the session, we’ll send you a Family Wealth Inventory and Assessment to complete that will get you thinking about what you own, what’s most important to you, and what you can do to make the most of your money.
This article is a service of Amy Clemmons Brown, Personal Family Lawyer®. I don’t just draft documents; I ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why I offer a Family Wealth Planning SessionTM during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love. You can begin by calling my office today to schedule a Family Wealth Planning SessionTM and mention this article to find out how to get this $750 session at no charge.