17:24 | 06/08/2022 Print
|Top 9 Billionaires Have The Most Kids In The US|
Recently, the news that billionaire Elon Musk has two more children with a senior leader of Neuralink has made many people interested, especially when the Tesla CEO is having up to 7 other children.
Thus, billionaire Elon Musk, the richest person in the world, currently has 9 children with three women. In fact, Elon Musk had 10 children, but one of them, unfortunately, passed away when he was only 10 weeks old.
However, based on Forbes' analysis of more than 700 US billionaires, it seems that Elon Musk's assessment is wrong. According to Statista, the super-rich has an average of 2.3 children, higher than the average of 1.93 children in the average American family. If only billionaires are considered, they have an average of 3.1 children.
Elon Musk is also not the only billionaire with many children. According to Forbes, there are 22 US billionaires with seven or more children, including film director Steven Spielberg and New York Mets owner Steve Cohen.
Even, it's not just men who have many children. America's richest self-made female billionaire, Diane Hendricks has seven children, like Litte Ceasers Pizza co-founder Marian Ilitch.
The billionaire with the most children is Suhail Bahwan of Oman, with 15 children. In the US, the title of a billionaire with the most children goes to the richest man in Idaho, Frank VanderSloot, founder and CEO of Melaleuca, an online retailer and manufacturer of 450 healthcare products and father of 14 children. “Being a parent is the most important thing in life. It's also the most rewarding thing," according to VanderSloot's share.
Here is a specific list of billionaires with the most children, according to statistics from Forbes
Over the years, Elon Musk has been known for promoting increased birth rates. He even said that "civilization will collapse" if people don't have more children.
The 51-year-old billionaire once declared himself a special case in the rich world when most of the rich people he knew had no or only one child. "Contrary to popular belief that the richer people have fewer children, I am the rare exception," he wrote on Twitter at the end of May.
The tech billionaire said the low and rapidly falling birth rate is "one of the biggest risks to civilization".
His comments come as more and more people are deciding not to have children citing concerns about climate change and inequality. Elon Musk added that too many "good, smart people" mistakenly believe the population is growing out of control.
"In fact, this is quite the opposite. If people don't have more children, civilization will collapse. Remember my words," Tesla boss emphasized.
When asked if this is the reason he has so many children, the billionaire said he is trying to set an example and at the same time to do what he claims to be.
In an event attended by hundreds of Alibaba employees in May 2019, the Chinese billionaire declared: "The first KPI of marriage is to have a result, there must be a product. What is a product? It's the children."
According to Jack Ma, children are a better "investment" than buying a house. "Marriage is not for the purpose of accumulating wealth, not for buying a house, buying a car, but for having children together. Always remember that everything can be someone else's, can be fake. Only children. the new is the real thing. Let's have more children!".
Republican donor and wellness business mogul VanderSloot has 14 children. Six from his first marriage and eight from his current wife. They have been married for 26 years. His net worth is $3 billion.
Faris Wilkes has 11 children. The oil giant has a net worth of $1.3 billion. He pastored his congregation, the Assembly of Yahweh, Seventh Day, Texas. Wilkes and his wife, Jo Ann, are active Republican donors who have ties to conservative Christian groups and have donated generously to Donald Trump's re-election campaign.
As the founder of software companies Workday and PeopleSoft, Duffield and his wife Cheryl have 10 children (5 of whom they adopted). His nonprofit Maddie's Fund has donated $255 million in grants to groups focused on animal welfare in the United States.
Jerry Moyes, Founder and activist investor of Trian Fund Management, has ten children with three wives. His net worth is $1.6 billion. Jerry Moyes and his wife Vicki have been married since the 1980s and have ten children. Moyes and his family's net worth is $1.4 billion.
The founder of Trian Fund Management and activist investor has 10 children with three women and is now married to former model Claudia Heffner. His net worth is $1.6 billion.
Peltz is also a donor to Donald Trump's re-election campaign.
He worked as an electronics components manufacturer representative before opening his stereo equipment shop, Sound of Music, in 1966 which he later grew it into the chain of superstores and renamed Best Buy. Schulze and his wife Maureen both lost their first spouses to cancer and donated $6 million to Moffitt Cancer Center in 2018. They have 10 children. His net worth is $3.8 billion.
The founder, Chairman and CEO of FedEx has 10 children from two marriages. The company now generates $84 billion in annual revenue and Smith's net worth is $5.1 billion.
His son, Richard, will take over as head of FedEx's Express division later this year. Another son, Arthur, is now the head coach of the Atlanta Falcons.
Elon Musk himself was the father of his nine children by three women, and one in ten of his children died in infancy.
Thus, this proves Elon's theory that having just one kid is wrong for rich people who usually decide to have just one kid. He is part of the list where the more sounds better.
A cancer survivor, Smith is one of three cofounders of Utah-based cloud computing company Qualtrics. He cofounded the company in Provo, Utah in 2002 with his two sons, Ryan and Jared.
Smith is said to have moved his family to Utah around the time he started working at Brigham Young University. A cancer survivor, he helped his two sons, Ryan and Jared, start the computer company Qualtrics. Jared is currently president of the company the family sold to SAP in 2019.
Which billionaires have the most children in the world?
Not only listed as one of the oldest billionaires in the world but 93-year-old tycoon Sulaiman Al Rajhi of Saudi Arabia is also ranked as the billionaire with the largest number of children with 23 people.
Mr. Sulaiman Al Rajhi is the founder of Al Rajhi Bank, the largest Islamic bank in the world. According to Forbes estimates, Al Rajhi's fortune in 2011 was $7.7 billion, ranking fourth among the richest in Saudi Arabia and 120th in the world's richest people.
Al Rajhi is also considered an active philanthropist. The SAAR Foundation he founded is a leading charity in the Middle Eastern country.
Meanwhile, Roman Avdeev - the owner of Credit Bank of Moscow in Russia also has 23 children.
Among them, 19 are adopted children from orphanages across Russia and have lived with the Avdeevs for nearly 30 years on the outskirts of Moscow. Avdeev had to use two buses to transport the children to school.
According to estimates from Forbes, Avdeev's fortune as of 2013 is $1.4 billion, ranking 66th among the richest people in Russia and 1,031th richest people in the world.
Macau casino tycoon Stanley Ho is also one of the people with the most children with a total of 17 people.
His oldest son is now 69 years old and the youngest is 17 years old. He has a total of 4 wives.
Stanley Ho, 94, has been in the casino industry for the past 40 years. He has now handed over executive control to his daughter after suffering a stroke in 2009.
In 2011, Stanley Ho's fortune was 2 billion USD, ranked 13th richest person in Hong Kong.
His daughter - Pansy Ho, 53 years old, with his second wife is the richest businesswoman in Hong Kong with a fortune of $3.8 billion.
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