Here’s a look at who they are and where their money comes from. billionaires, according to Forbes’ estimates.
That’s about 13.5% of the $4.2 trillion in wealth of all 701 U.S.
Together the country’s 20 richest billionaire heirs (technically there are 23 because several are tied at number 20) are worth $568 billion. Rupert Murdoch inherited two Australian newspapers when his father died–and with those started a media empire that has grown to include Fox News, arguably the most influential cable TV network in the U.S. Forbes now pegs his fortune at just under $60 billion. Charles Koch appeared on the first Forbes 400 list of richest Americans in 1982 with a net worth of $266 million. 2019) bought out the stakes of their two brothers, Frederick and Bill, for $1.1 billion in 1983.) Charles has run the company since the death of his father, orchestrating the $13 billion acquisition of Georgia Pacific in 2005 and the estimated $13 billion purchase of cloud software firm Infor in 2020, among others. Charles Koch and his three brothers inherited most of a vastly smaller Koch Industries when their father, Fred, died in 1967. Some of these heirs took control of businesses they inherited and radically transformed them.
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