World’s Richest Families 2024: Waltons at 1 with $432.4 billion, Ambanis at 8, Shapoorji Pallonjis at 23. See list here

World's Richest Families 2024: The Walmart Waltons are in the first spot with a wealth of $432.4 billion — exceeding even the world's richest person, Elon Musk's individual net worth and the Middle East royal families. From India, the Ambani and Shapoorji Pallonji families made the list at eighth and 23rd spots, respectively.

Notably, the Waltons made it back to number one on the Bloomberg richest families index on the back of Walmart shares, which, as of December 10, had risen 80 per cent this year and increased the combined family fortune by $172.7 billion. The publication calculated the wealth increase to be around $473.2 million a day or $328,577 a minute.

The report shows that the world's billionaires gained a collective $406.5 billion in wealth.

Top 10 — World's Richest Families 2024

1. The Waltons of Walmart: Worth $432.4 billion from their 46 per cent stake in the consumer retail business. The family consists of three generations based in the United States. Walmart has more than 10,600 stores across the world. 
2. The Al Nahyan family: The ruling family of the United Arab Emirates (UAE), worth $323.9 billion and with three generations, took the second spot on this year's list. The family has ruled the oil-rich region for decades. Abu Dhabi ruler Sheikh Mohammed bin Zayed Al Nahyan is also the country’s president.