Another family has emerged as the richest in the world. For the first time, the House of Nahyan has joined Bloomberg’s annual ranking of family fortunes, and done so at the very top. With a $305 billion fortune, the Al Nahyans of Abu Dhabi topped the Waltons of Walmart Inc. by $45 billion, Report informs via Blooomberg.
Another new entrant is the Al Thanis, the royal family of Qatar, at No. 5.
As a group, the world’s richest families have gotten $1.5 trillion wealthier since last year, and the new tallies from the Middle East weren’t the only noteworthy shifts. Among the biggest gainers was a different kind of royal house: the sixth-generation family behind luxury brand Hermès, who added $56 billion to become the world’s third-richest by eschewing fads and cultivating loyalty.