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The 25 richest families in the world collectively gained $406.5B in wealth in 2024 – Some got into Bitcoin

Author: Content Editor
The news article from Bloomberg highlights the 25 wealthiest families in 2024. The Walton family, owners of Walmart, topped the list with a net worth of $406.5 billion, followed by the Al Nahyan and Al Thani families. The Ofer family from Israel also made the list with a combined net worth of $55.6 billion.

Fidelity Investments, led by Abigail Johnson, ranked 11th on the list with a wealth total of $72.4 billion. Fidelity has been successful due to its focus on digital assets, including Bitcoin. Fidelity Digital Assets, the company's branch dedicated to cryptocurrencies, was the first major financial services firm to offer institutional clients bitcoin custody services. In 2024, Fidelity's Bitcoin spot ETF was approved by the SEC, and its FBTC ranks third in assets under management.

Fidelity's success in the crypto space is attributed to its long-term perspective and private ownership structure, which allows it to embrace cryptocurrency opportunities. The article also mentions that Fidelity's spot Ethereum ETF has seen significant inflows, exceeding $200 million within 48 hours.

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