The Rise of the New Wealthiest Families in the World

The Walton family, owners of Walmart, has been bumped from the top spot as the world's richest dynasty by the Al Nahyan family, rulers of Abu Dhabi in the United Arab Emirates, according to Bloomberg's world's richest families list for 2023. The Al Nahyan family holds $305 billion, surpassing the Waltons' $259.7 billion. The report highlights the significant wealth amassed by petroleum fortunes and notes that the richest families collectively added $1.5 trillion to their wealth in the past year.