This MA Family Is Among The Richest In U.S.: Forbes

MASSACHUSETTS — One Massachusetts family is among the 45 wealthiest in the country, according to a new ranking of family fortunes by Forbes.

The Waltons again top Forbes’ America’s Richest Families list with an estimated net worth of $267 billion, largely accumulated from their stake in Walmart, the world’s largest retailer by sales. About 45 percent of the company’s stock is controlled by the families of the seven heirs to founders Sam Walton and his brother Bud.

The second- and third-richest families are the Mars and Koch families. The Mars family owns Mars Inc., one of the world’s largest candy and pet food companies, while the Koch family started what became America's second-largest private company, Koch Industries.

In Massachusetts, billionaire families named to the list include the Johnson family with a net worth of $44.8 billion. The Boston-based family owns 49 percent of Fidelity, with the other 51 percent being owned by employees.

Abigail Johnson is the third generation of the family to take the lead of the company, Forbes said, taking over for her father Edward "Ned" Johnson III in 2014.

The company itself had $4.4 trillion is managed assets as of 2023, cementing its place as one of the world's largest mutual fund companies.

See the full list of America’s Richest Families.