When it comes to figuring out who the richest family in the world is, it might not come as a surprise that it is the Waltons, the family responsible for Walmart with a total fortune of $ 238.2 billion ( around £ 174 billion). Their fortunes have grown by $ 23 billion (roughly £ 16.8 billion) in the past year, because when people ‘buy comfortably’ their stock prices soar. The Arkansas family, however, paid staff a nice little bonus to say thank you for their hard work during the pandemic.
The company is best known for producing well-known chocolate brands like M & Ms, Milky Way and Snickers bars.
However, pet products also account for about half of the company’s $ 39.2 billion (roughly £ 28.6 billion) in revenue. Bloomberg estimates the family is worth $ 141.9 billion (roughly £ 103 billion).
Koch Industries, an oil company from Kansas, is in third place while French luxury fashion company Hermes follows closely behind in fourth.
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He supported designer Coco Chanel in the 1920s, 100 years later they generated sales of $ 10.1 billion (around £ 7.4 billion).
Then there is the Albrecht family at number 12 which are the brothers of supermarket giant Aldi.
Theo and Karl Albrecht took over their parents’ grocery store after returning from WWII and turned it into what is now a world name worth $ 51 billion (around £ 37.3 billion sterling).
He then learned all he could about investing and his research paid off.
Buffett said there is no one size fits all when it comes to investing, but the housing market can be a good bet.
“If you built your own house 55 years ago, or bought it 55 years ago, like I did, that’s a one-time expense,” he said. “You get inflationary expansion and replacement capital without having to replace it yourself. “