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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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(#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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(#5) L'Oreal - Françoise Bettencourt-Meyers
Up until her death in 2017, Liliane Bettencourt was the wealthiest woman in the world. As the daughter and only living heir of Eugene Schueller - the French chemist who founded L'Oreal in 1909 - Bettencourt inherited the family's wealth after her father passed in 1957.
L'Oreal's originated as a hair dye company, but expanded through the 20th century incorporating innovation into the development of cosmetics and hair products. Bettencourt left her $44.7 billion fortune to her daughter, Françoise Bettencourt-Meyers.
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(#10) BMW
- Motor Vehicles and Passenger Car Bodies, Automotive industry
The Quandt Family - once headed by Herbert Quandt, the patriarch who turned BMW into a global powerhouse - owns the majority of BMW's shares. After Herbert Quandt passed in 1982, his ex-wife, Johanna, and their two children, Stephan and Susanne, continued to have a large role in the BMW corporation.
In 2014, the Quandt family fortune was estimated to be around $39 billion. Johanna passed in 2015, but as of 2018 Stephan still serves as executive chairman of the BMW supervisory board.
Currently, Stephan's wealth is estimated at $19.1 billion. Susanne (Quandt) Klatten, who also runs the German chemical company Altana, is Germany's wealthiest woman with $22.1 billion.
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(#11) Cox Enterprises
- Mass media, Television Broadcasting, Telecommunications, Newspaper, Cable television
Anne Cox Chambers - daughter of James M. Cox, who founded Cox Enterprises in 1898 - co-ran the family business with her sister, Barbara, after the death of their brother in 1971.
As Cox Enterprises took control of companies like AutoTrader, the family's wealth grew immensely. Anne was valued at $17 billion before she gave her money to her children in 2015. James Cox Chambers, Katharine Anne Johnson Rayner, and Margaretta Johnson Taylor each got $5.1 billion.
As of 2016, James M. Cox's five grandchildren - Anne's kids along with Barbara Cox's two children, James C. Kennedy and Blair Parry-Okeden - control the family's $41 billion empire.
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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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