We have often heard stories of rages to riches, but for some people it’s not that tough, they are born with a silver spoon. They get money, name and fame from their ancestors and all they have to do is carry on their family business. But it’s not that easy as it looks, because they should have the ability to carry it forward and keep the name of the family high. The legal heirs of the family are usually expected to be as great as their ancestors and this burden often weighs them down.
So, here is the list of top ten richest families in the world who have carried their family businesses successfully:
10.Cox Family
On number#10 we have Cox Family of United States of America. The net worth of the family is calculated to be 34.5 billion dollar.
The story started in 1898 when James M. Cox purchased Dayton Daily News. The company was established in Dayton at that time. Cox Enterprises, Inc. is a private company setup in Atlanta. The company is into automotive and communication services. It owns television stations, newspaper, radio station, Manheim auction, Kelly Blue Book, Auto trader, Valpak, Savings.com and Cox Communication. Presently, Anne Cox Chamber, James M. Cox’s daughter and two children of Barbara Cox, Anne’s sister, are the head of the company. James C. Kennedy, Barbara’s son, is the Chairman. The board of directors is the fourth generation people of the family. The family owns 99% of the company share. The subsidiary companies are Cox Communication, Cox Media Group and Automotive.
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