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(#12) Hearst Corporation
- Mass media, Newspaper, Periodical Publishing, Periodicals: Publishing, or Publishing and Printing
William Randolph Hearst built his media empire through sensational exaggeration, dominating newspapers, radio, and television throughout the early 20th century.
His son, William Randolph Hearst Jr., and grandson, William Randolph Hearst III, carried on the tradition and as of 2016, the Hearst Corporation has a stake in "46 newspapers, nearly 340 magazines around the globe, and valuable stakes in cable TV channels ESPN, Lifetime and A&E.”
The family, valued at $28 billion, splits that fortune among 67 members, although William Randolph Hearst III holds a significant portion of their total wealth.
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(#4) Firestone Tire and Rubber Company
- Manufacturing
As the daughter of Harvey S. Firestone, Martha Ford is 90 years old in 2018 and worth $1.3 billion.
Based in Ohio and founded by Firestone in 1900, Firestone Tires reached $1 million in profits a decade later. In 1926, his company was producing more than a quarter of all tires in the US. The Firestone Tire and Rubber Company merged with Bridgestone in 1988.
In 2018, Martha Ford - who is both Firestone's daughter and widow of Henry Ford's grandson, William C. Ford - owns the Detroit Lions.
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(#8) IKEA - Peter, Jonas, And Mathias Kamprad
The sons of IKEA founder Ingvar Kamprad - Peter, Jonas, and Mathias - now run the company that controls the furniture and meatball powerhouse. Ingvar founded IKEA in 1943 and the company grew into one of the world's largest furniture manufacturers over the subsequent decades.
Ingvar spent much of his life living simply, even though he was often considered one of the world's richest men. After he passed in 2018, his billions went to his three sons, who are now valued at about $1.1 billion each.
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(#7) Ferrero
Pietro Ferrero started selling chocolate in 1942 in Italy; mass-production began four years later. By 1949, Ferrero's son Michele joined his father's company, called Ferrero SpA, and helped turn it into a global enterprise during the 1950s.
Michele Ferrero is also behind the release of Nutella in 1964, Kinder chocolate in 1968, Tic Tacs in 1969, and Ferrero Rocher in 1982.
Michele Ferrero's two sons, Pietro and Giovanni, became co-CEOs in 1987 and after Pietro died in 2011, Giovanni took over as the head of the company. Michele Ferrero passed in 2015 and Giovanni stepped down as CEO two years later.
Giovanni is still executive chairman of Ferrero SpA and his wealth is estimated at $23.5 billion.
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(#13) Cargill
- Food processing, Farm Product Raw Material Merchant Wholesalers
Descendants of William W. Cargill, founder of the Minnesota-based Cargill agriculture commodities company, share their family wealth with members of the MacMillan clan thanks to the business acumen of John MacMillan.
After Cargill passed in 1909, his son-in-law, John MacMillan, took charge of the company and expanded its reach across the United States. Members of the MacMillan family ran Cargill until 1995, and as of 2016, MacMillans hold roughly 1/3 of the seats on Cargill's board.
According to Forbes, the Cargill-MacMillans had 14 billionaires in their ranks in 2015, including James Cargill II ($4.6 billion) and Pauline MacMillian Keinath ($8 billion).
The family's reclusive nature makes it somewhat difficult to assess the full extent of their wealth.
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(#2) Walmart
- Department store, Retail, Variety Stores
America's wealthiest family - the Waltons - are the descendants of Walmart founder, Sam Walton.
Sam had four children and when he passed in 1992, he divided his wealth equally among them. As of 2018, only James, Rob, and Alice are alive (John, the oldest son, passed in 2005), and each were listed among the wealthiest people in the world in 2017.
Their combined wealth was estimated at $163.2 billion in August 2018.
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Many young heirs of well-known billionaires, including the children of the wealthiest people in technology and business, will receive large fortunes in the future. At the same time, some billionaires have pledged to donate part or half of their wealth. Many of these children are expected to inherit billions of dollars in inheritance from their super-wealthy parents or grandparents, while others will receive smaller cuts due to their parents' decision.
Since modern society, many people have accumulated wealth in history with the help of outstanding investment vision and perfect investment timing. Their heirs have gained experience with the help of their elders and are about to inherit the family business. The random tool lists 14 billionaire descendants who are going to inherit their families' companies.
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