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11th December 2023 12:44:19 PM
2 mins readBy: Chris Kodo

Bloomberg has reported that the world's 25 wealthiest families experienced unparalleled success in 2023, marking a period of exceptional financial growth and prosperity.
Abu Dhabi's Al Nahyan rulers and the proprietors of the esteemed French luxury fashion house Hermès have witnessed a significant surge in their wealth during 2023, as reported by Bloomberg.
Surpassing the Walton clan of the United States, the Al Nahyans, leaders of the oil-rich Middle-Eastern emirate and owners of the UK soccer club Manchester City, have claimed the title of the world's wealthiest family, marking the first instance in five years that a family other than the heirs of Walmart has held this distinction, as reported by the publication.
Meanwhile, the family that controls Herms – including the brand's artistic director Pierre-Alexis Dumas and executive chairman Axel Dumas – added $56 billion worth of wealth in 2023 to place third on Bloomberg's list.
The Waltons, chocolate tycoons the Mars family, and oil billionaires the Kochs are the US's three representatives in the outlet's top 10.
The ultra-rich getting richer has been a consistent theme in 2023, with stock prices rebounding and the world economy tending to hold up better than gloomy forecasters had expected at the start of the year.
The world's two richest men – Tesla CEO Elon Musk and Amazon founder Jeff Bezos – have added over $150 billion worth of wealth alone, according to Bloomberg's Billionaires Index.
Indian tycoon Gautam Adani and American socialite and philanthropist Julia Koch are the only two of the world's 20 richest people who've gotten poorer this year, per the outlet.
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