While much of world struggles with the economic fallout of the coronavirus pandemic, many of the world's richest families are as wealthy – or have become even wealthier – as ever. Bloomberg ranked the families with the richest fortunes across the globe – together, they possess US$1.4 trillion in wealth from retail industries, media conglomerates, agribusiness companies, tech giants and more. Bloomberg determined its ranking based on net worth figures from July 24, 2020. It didn’t take into account first-generation fortunes, fortunes controlled by a single heir, or fortunes derived primarily from the state. For the purposes of this list, families whose wealth stems from a joint company or enterprise are being considered as a single entry. From the billionaire family behind Nutella to the Walmart heirs, here are the richest families in the world, ranked. 25. The Lee family Net worth: US$29 billion Source of wealth: Samsung The Lees are the family behind Samsung, which is now the world’s largest producer of smartphones and consists of 62 companies, according to Bloomberg. The electronics giant has helped the Lees become one of Asia’s richest families. Who are South Korea’s 5 richest billionaires? 24. The Pritzker family Net worth: US$29.6 billion Source of wealth: Hyatt Hotels AN Pritzker and sons Jay, Donald and Robert created the family’s wealth by founding the Hyatt Hotel chain and investing in holdings, such as Marmon Group. Today, the fortune is split among 13 family members, 11 of whom are billionaires. They reportedly spent much of the 2000s arguing over trusts, ultimately dividing up the fortune at the end. 23. The Kwok family Net worth: US$30.4 billion Source of wealth: Sun Hung Kai Properties Since being listed in the 1970s by Kwok Tak-seng, Sun Hung Kai Properties has evolved into one of the biggest property developers in Hong Kong. Thomas and Raymond Kwok control the company after ousting their third brother, Walter Kwok, in 2008 following a feud, Business Insider previously reported. How Hong Kong’s richest family lost US$8 billion in a year 22. The Ferrero family Net worth: US$30.5 billion Source of wealth: Ferrero Group The Ferrero fortune dates back to 1940s Italy, when Michele Ferrero created what is now known as Nutella. Nutella’s immense popularity in Italy helped grow the family chocolate shop into a multibillion-dollar business that now also produces Ferrero Rocher, Tic Tac mints, Kinder chocolate and Butterfinger bars. Despite the ubiquity of its products, both Ferrero himself and the company have maintained an extremely low profile, to the point where their security measures have been compared to those of Nasa. Michele’s son Giovanni Ferrero is now the company’s CEO and the richest man in Italy. 21. The Chearavanont family Net worth: US$30.7 billion Source of wealth: Charoen Pokphand Group Chia Ek Chor founded Thai diversified conglomerate Charoen Pokphand Group in 1921. Chia’s son Dhanin Chearavanont is now the group’s senior chairman and two of Dhanin’s sons serve as CEO and chairman, according to Bloomberg. Revealed: Thailand’s 5 richest billionaires ... after King Rama X, of course 20. The Newhouse family Net worth: US$31 billion Source of wealth: Advance Publications Family patriarch SI Newhouse founded the publishing giant in 1922, according to Bloomberg. Newhouse died in 2017, spreading the fortune across three generations of the family. Advance Publications owns Condé Nast magazines including Vogue and The New Yorker and American City Business Journals , in addition to the majority stake in Reddit, according to its website. 19. The Rausing family Net worth: US$32.9 billion Source of wealth: Tetra Pak The Rausing family’s fortune was made in the packaging industry. Ruben Rausing created Tetra Pak in the 1950s. Today, his descendants control Tetra Laval, one of the world’s biggest packaging companies, which is comprised of Tetra Pak, Sidel and DeLaval, according to Bloomberg. 18. The Cox family Net worth: US$33.1 billion Source of wealth: Cox Enterprises Cox Enterprises has touched a number of industries, including cable and broadband (Cox Communications), newspapers and radio stations (Cox Media Group) and automotive, according to Bloomberg. It generates about US$21 billion in revenue. Founder James Cox’s five grandchildren share the family fortune, according to Forbes . 17. The Quandt family Net worth: US$34.7 billion Source of wealth: BMW The Quandt family is Germany’s wealthiest family, thanks to their nearly 50 per cent stake in luxury vehicle maker BMW. They also have stakes in Logwin, a German logistics company and Gemalto, a security software company. 16. The Van Damme, de Spoelberch and de Mevius families Net worth: US$36.8 billion Source of wealth: Anheuser-Busch InBev The three Belgian families of Van Damme, de Spoelberch and de Mevius share claim to more than US$54 billion in wealth from beer company Anheuser-Busch InBev. The combined net worth of the five generations of the families fell more than that of any other family on this ranking – US$16 billion – according to Bloomberg. 15. The SC Johnson family Net worth: US$37.3 billion Source of wealth: SC Johnson The Johnson family is behind SC Johnson, which produces cleaning products such as Pledge, Glade, and Windex. The company was founded by its namesake in 1882 and was eventually taken over by son Herbert Fisk Johnson. Fifth-generation Herbert Fisk Johnson III acts as the current CEO and chairman of the company. 14. The Cargill-Macmillan family Net worth: US$38.1 billion Source of wealth: Cargill Inc. William W. Cargill founded agribusiness giant Cargill in 1865. Today, 23 members of the Cargill-MacMillan family own 88 per cent of the company, which generated US$115 billion in revenue in the year before May 2020. Of this clan, 14 are billionaires. The family reportedly keeps 80 per cent of Cargill’s net income inside the company for reinvestment annually. 13. The Mulliez family Net worth: US$38.4 billion Source of wealth: Auchan The Mulliez family is behind Auchan, one of the biggest supermarket chains in Europe, according to Bloomberg. The chain has also been called the “Walmart of France”. Association Familiale Mulliez, the family holding company, also controls Leroy Merlin, a home improvement chain, and Decathlon, a sports equipment retailer. 12. The Hoffman-Oeri family Net worth: US$38.8 billion Source of wealth: Roche The pharmaceutical company Roche Holding, the source of wealth for the Hoffman-Oeri family, was launched in 1896. In 2019, it generated US$62 billion in revenue. The descendants of founder Fritz Hoffmann-La Roche have a 9 per cent stake in the company. 11. The Thomson family Net worth: US$40.6 billion Source of wealth: Thomson Reuters Canada’s richest family derives their wealth from financial data and services provider Thomson Reuters, according to Bloomberg. They share a 66 per cent stake in it – not to mention their stake in Bell Canada and The Globe and Mail newspaper in Toronto. 10. The Albrecht family Net worth: US$41 billion Source of wealth: Aldi Brothers Theo and Karl Albrecht created the discount supermarket Aldi, Bloomberg reported. Today, there are more than 10,000 stores between the two branches, Aldi Nord and Aldi Sud. Theo also invested in Trader Joe’s, transforming it into a chain with more than 350 stores. It’s still owned by the Albrecht family trust. 9. The Boehringer and von Baumbach families Net worth: US$45.7 billion Source of wealth: Boehringer Ingelheim The Boehringer and von Baumbach families control German pharmaceutical company Boehringer Ingelheim, which has been around for more than 130 years, according to Bloomberg. 8. The Johnson family Net worth: US$46.3 billion Source of wealth: Fidelity Investments The grandfather of Fidelity investments CEO Abigail Johnson founded the privately held investment giant in 1946, according to Bloomberg. The Boston-based billionaire shares her fortune with three generations of her family. 7. The Wertheimer family Net worth: US$54.4 billion Source of wealth: Chanel The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel, Bloomberg reports. His grandsons, brothers Alain and Gerard Wertheimer, control Chanel today, which generated US$12.3 billion in revenue last year. They own vineyards in France and Napa Valley and breed and race thoroughbreds, Business Insider previously reported. 6. The Dumas family Net worth: US$63.9 billion Source of wealth: Hermès Luxury goods dynasty Hermès is the basis for the Dumas family fortune. Its origins trace back to the 1800s when Thierry Hermes began making riding gear for noblemen, Bloomberg reported. Fast forward to the 1970s, and descendant Jean-Louis Dumas took the company global. Today, Pierre-Alexis Dumas is the artistic director and Axel Dumas is the company chairman, according to the Hermès Group’s website. How Hermès became the ultimate status symbol in fashion 5. The Ambani family Net worth: US$81.3 billion Source of wealth: Reliance Industries The Ambani family’s wealth lies in Reliance Industries, a conglomerate in India that owns the biggest oil refining complex in the world. It owns businesses all throughout India, including companies in the retail and telecommunications sectors. Mukesh Ambani, the CEO, lives in a 27-storey, 400,000-square-foot mansion called Antilia in Mumbai. 11 facts that show just how wealthy Mukesh Ambani really is 4. The Al Saud Family Net Worth: US$95 billion Source of wealth: oil The immense wealth of Saudi Arabia’s royal family comes from a combination of proceeds from Saudi Arabia’s oil industry (which the executive office of the king doles out to various family members) and the royals’ personal earnings from negotiating government contracts and other investments, according to Bloomberg. Crown Prince Mohammed bin Salman alone has assets estimated to be worth more than US$1 billion, and has been known to drop millions on mansions and yachts. 3. The Koch family Net worth: US$109.7 billion Source of wealth: Koch Industries Brothers Charles and David Koch expanded their father’s oil refinery firm into conglomerate Koch Industries after their other brothers, Frederick and William, left the business following a failed takeover. Koch Industries generates roughly US$115 billion in revenue annually. David Koch passed away in August 2019, leaving his US$53 billion fortune to his wife Julia Flesher Koch. She is now the fourth-richest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers, MacKenzie (Bezos) Scott and Walmart heiress Alice Walton. Is Julia Flesher Koch now the richest woman in the world? 2. The Mars family Net worth: US$120 billion Source of wealth: Mars bars Jacqueline and John Mars inherited a stake in the confectionery empire Mars, which invented M&Ms, Milky Way and Mars Bars, when their father passed away in 1999. Jacquelyn’s son, Stephen Badger, was formerly chairman and is currently on the board of directors of the privately-held Mars, which brings in more than US$38 billion in annual revenue, according to Bloomberg. 1. The Walton family Net worth: US$215 billion Source of wealth: Walmart Sam and Bud Walton founded Walmart in 1962 in Rogers, Arkansas. Following its success, they founded Sam’s Club in 1983. Walmart reported sales of US$514.4 billion in 2018, making it the largest retailer by revenue in the world. Who are the 15 richest women in the US? The Walton family fortune is dispersed among three generations of family members, including co-founder Sam Walton’s three children, Rob, Jim and Alice who is one of the richest women in the world with a US$56.8 billion fortune. Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter . This article originally appeared in Business Insider .