Get All Access for $5/mo

Wal-Mart Heirs Again Top Forbes List of 25 Richest U.S. Families Collectively, the top 25 wealthiest families in America are worth $722 billion, down 1.5 percent, or $11 billion, from a year ago.

By Reuters

This story originally appeared on Reuters

Reuters | Rick Wilking
Walton family members (L to R) Jim, Rob and Alice Walton speak onstage at the Wal-Mart annual meeting in Fayetteville, Arkansas.

The Walton family, which owns roughly a 50 percent stake in retailer Wal-Mart Stores Inc., was named the richest family in the United States for a third consecutive year on Wednesday, according to Forbes.

Others featured on Forbes' list include the Koch family, which owns the majority of conglomerate Koch Industries, the second largest private company in the United States. Their net worth was listed as $82 billion.

The Mars family, owners of the candy giant Mars Inc., was third riches with a net worth of $78 billion, according to Forbes.

Collectively, the top 25 wealthiest families in America are worth $722 billion, down 1.5 percent, or $11 billion, from a year ago.

Worth $130 billion, the Walton Family Foundation announced on Tuesday that it would commit $250 million to help urban charter schools gain access to more facilities.

Click here to view the complete list: www.forbes.com/families

(Reporting by Melissa Fares; Editing by David Gregorio)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

CVS Is Laying Off Nearly 3,000 Workers to Cut Costs

CVS is working on a multi-year mission to save $2 billion.

Side Hustle

Retirees Are Raking in Billions With These 4 Side Hustles: 'There's No Age Limit to Innovation'

Most Americans plan to work part-time in retirement — and the opportunities are endless.

Growing a Business

How I Transformed My Business by Letting Go of Low-Value Tasks and Focusing on High-Impact Activities

Stop wasting time on $10 tasks, and focus on growing a $10 million business.

Thought Leaders

How to Build a Personal Brand Like Simon Sinek, Brené Brown and James Clear

Thought leaders like Simon Sinek and Brené Brown became known for one big idea, which helped them build authority and trust. By honing in on your unique strengths, accomplishments, and experiences and staying consistent, you can establish yourself as a go-to expert in your niche.

Real Estate

Why You Should Consider Commercial Real Estate as Your Next Investment

This article highlights the benefits of investing in commercial real estate while also addressing the associated risks you should consider.

Starting a Business

3 Steps You Can't Miss When Growing Your Business

There are many missteps you can take when growing your business, but there are also important steps you need to take. Don't miss one.