- There aren’t any royals with fortunes to envy in America, but there are many heirs and heiresses set to inherit millions from American brands.
- These fortunes have been built across a variety of industries, from media to fashion; some are relatively new, while others could be considered “old money.”
- From Travis Knight of Nike to Ann Walton Kroenke of Walmart, take a look at some of America’s most notable heirs and heiresses.
America may not have royalty, but it does have plenty of heirs and heiresses set to inherit the thrones — or at least the riches — of the country’s biggest brands.
Some of the wealthiest families in America have built their fortunes by creating megabrands in various industries, from media to fashion. As their wealth grows, it continues to be passed on to future generations, although some fortunes are newer than others. Alexa Dell is set to inherit part of her father, CEO of Dell Technologies Michael Dell’s, fortune, a result of a company that’s only been around for roughly 30 years.
Other heirs and heiresses are in line for wealth that dates way back up the family tree, like Lydia Hearst, who shares an inheritance with more than 60 family members from media mogul William Randolph Hearst.
Below, meet 16 heirs and heiresses to some of America’s most notable brands — some names you may recognize, and others not so much.
Heir to: Hearst
Granddaughter of media mogul William Randolph Hearst, Lydia Hearst, 33, shares the Hearst fortune among 67 family members. The heiress is an actress, model, writer, and socialite and has an estimated net worth of $100 million.
Heir to: Bloomberg
Georgina Bloomberg is an heiress to the $52 billion Bloomberg fortune. Her father, Michael Bloomberg, is the former New York City mayor and media mogul. The 35-year-old is an elite equestrian, novelist, and animal rights activist and has pursued numerous careers.
Heir to: Nike
An accomplished filmmaker and animator, Travis Knight, 45, is the son of Nike founder Phil Knight. According to Portland Business Journal, he was put in charge of a trust that controls 38 million shares of Nike stock. There’s no word on how much he stands to inherit, but Nike is the most valuable fashion brand in America, valued at $28 billion.
Ann Walton Kroenke
Heir to: Walmart
Ann Walton Kroeneke, daughter of Walmart co-founder Bud Walton, inherited half of her father’s stake when he died in 1995. Her sister, Nancy, inherited the other half. The 69-year-old currently has a net worth of $6.6 billion and her husband, Stan Kroenke, is a real estate billionaire.
Heir to: In-N-Out
On her 35th birthday in 2017, Lynsi Snyder inherited the remaining 50% of In-N-Out’s shares, making her one of the youngest female billionaires in the US with a net worth of $2.9 billion. She had already inherited the first half on her 30th birthday. Her grandparents had opened the burger chain, valued at $1.1 billion in 2013, in 1948.
Victoria B. Mars
Heir to: Mars Inc.
Along with her three sisters, Victoria B. Mars, 53, is heir to Mars Inc., the brand behind your favorite candy like M&Ms, Milky Way, and Skittles. She has an estimated 8% stake in the company and was previously chair of the board of directors. She remains a board member today with an estimated net worth of $6.1 billion.
Heir to: Ralph Lauren
Dylan Lauren, 44, is the daughter of fashion designer Ralph Lauren, but she doesn’t really need to inherit her father’s fortune — she’s also a successful entrepreneur who established the well-known Dylan’s Candy Bar. She has an estimated net worth of $50 million, and Polo Ralph Lauren is currently worth $4 billion.
Aerin and Jane Lauder
Heir to: Estée Lauder
Granddaughter of Estée Lauder, Aerin Lauder, 48, stands to inherit the fortune from her grandmother’s namesake cosmetics empire. She’s currently the style and image director of the company, and she founded luxury lifestyle brand AERIN beauty. She has a net an estimated net worth of $2.2 billion. Sister Jane Lauder, 45, whom she shares a fortune with, is the global brand director for Clinique.
Heir to: 21st Century Fox and News Corp.
Son of media mogul Rupert Murdoch, James Murdoch, 45, has held several positions across News Corp’s companies, such as CEO of 21st Century Fox. He recently became a member on Tesla’s board and has an estimated net worth of $500 million.
Heir to: Dell Technologies
Alexa Dell, 24, is the daughter of Dell Technologies CEO Michael Dell, who has a net worth of more than $27 billion. She’s currently engaged to millionaire real-estate investor Harrison Refoua, who reportedly bought her a 12-carat diamond ring worth up to $3 million. Her Instagram feed often features her dressed in fashionable brands like Gucci and Dior.
Heir to: Oracle
Along with her brother David Ellison, Megan Ellison, 32, has inherited about 3 million shares of Netsuite stock and 900,000 shares of Oracle stock from father Larry Ellison, founder and CEO of Oracle, who has a net worth of $60 billion. According to Forbes, the NetSuite assets alone could be worth $306 million. But Megan does well on her own — she founded a film production company in 2011 and has become a real estate mogul.
Heir to: Fidelity Investments
Abigail Johnson owns more stake in her grandfather’s firm, Fidelity Investments, than her two siblings: 24.5% compared to 5% each. Such a stake has helped the 57-year-old build a net worth of $17.5 billion. She took over from her father, Edward “Ned” Johnson III, as CEO in 2014.
Heir to: Standard Oil
Great-great granddaughter to Standard Oil founder John D. Rockefeller and granddaughter to David Rockefeller Sr., Ariana Rockefeller, 35, founded her own eponymous lifestyle fashion brand in 2011. Before that, she volunteered at an elementary school in Brazil.
Peter Brant II
Heir to: White Birch Paper
Peter Brant II‘s namesake, Peter Brant Sr., is the billionaire chairman and CEO of White Birch Paper. He shares the fortune with his brother and sister, Harry and Lily. While Peter Jr., 24, is a socialite and model, he also created a unisex makeup collection for M.A.C. in collaboration with his brother.
Heir to: Tommy Hilfiger
Ally Hilfiger, 33, is basically American fashion royalty. Her father, fashion designer Tommy Hilfiger, has a net worth of $400 million. She was previously on MTV reality show Rich Girls, but has since produced a movie and published a book based on her experience with Lyme disease.
Public officers above 58 years and with pre-existing conditions told to work from home: The Standard
Head of Public Service Joseph Kinyua. [File, Standard]
In a document from Head of Public Service, Joseph Kinyua new measure have been outlined to curb the bulging spread of covid-19. Public officers with underlying health conditions and those who are over 58 years -a group that experts have classified as most vulnerable to the virus will be required to execute their duties from home.
However, the new rule excluded personnel in the security sector and other critical and essential services.
“All State and public officers with pre-existing medical conditions and/or aged 58 years and above serving in CSG5 (job group ‘S’) and below or their equivalents should forthwith work from home,” read the document,” read the document.
To ensure that those working from home deliver, the Public Service directs that there be clear assignments and targets tasked for the period designated and a clear reporting line to monitor and review work done.
SEE ALSO: Thinking inside the cardboard box for post-lockdown work stations
Others measures outlined in the document include the provision of personal protective equipment to staff, provision of sanitizers and access to washing facilities fitted with soap and water, temperature checks for all staff and clients entering public offices regular fumigation of office premises and vehicles and minimizing of visitors except by prior appointments.
Officers who contract the virus and come back to work after quarantine or isolation period will be required to follow specific directives such as obtaining clearance from the isolation facility certified by the designated persons indicating that the public officer is free and safe from Covid-19. The officer will also be required to stay away from duty station for a period of seven days after the date of medical certification.
“The period a public officer spends in quarantine or isolation due to Covid-19, shall be treated as sick leave and shall be subject to the Provisions of the Human Resource Policy and procedures Manual for the Public Service(May,2016),” read the document.
The service has also made discrimination and stigmatization an offence and has guaranteed those affected with the virus to receive adequate access to mental health and psychosocial supported offered by the government.
The new directives targeting the Public Services come at a time when Kenyans have increasingly shown lack of strict observance of the issued guidelines even as the number of positive Covid-19 cases skyrocket to 13,771 and leaving 238 dead as of today.
SEE ALSO: Working from home could be blessing in disguise for persons with disabilities
Principal Secretaries/ Accounting Officers will be personally responsible for effective enforcement and compliance of the current guidelines and any future directives issued to mitigate the spread of Covid-19.
Uhuru convenes summit to review rising Covid-19 cases: The Standard
President Uhuru Kenyatta (pictured) will on Friday, July 24, meet governors following the ballooning Covid-19 infections in recent days.
The session will among other things review the efficacy of the containment measures in place and review the impact of the phased easing of the restrictions, State House said in a statement.
This story is being updated.
SEE ALSO: Sakaja resigns from Covid-19 Senate committee, in court tomorrow
Drastic life changes affecting mental health
Kenya has been ranked 6th among African countries with the highest cases of depression, this has triggered anxiety by the World Health Organization (WHO), with 1.9 million people suffering from a form of mental conditions such as depression, substance abuse.
Globally, one in four people is affected by mental or neurological disorders at some point in their lives, this is according to the WHO.
Currently, around 450 million people suffer from such conditions, placing mental disorders among the leading causes of ill-health and disability worldwide.
The pandemic has also been known to cause significant distress, mostly affecting the state of one’s mental well-being.
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With the spread of the COVID-19 pandemic attributed to the novel Coronavirus disease, millions have been affected globally with over 14 million infections and half a million deaths as to date. This has brought about uncertainty coupled with difficult situations, including job loss and the risk of contracting the deadly virus.
In Kenya the first Coronavirus case was reported in Nairobi by the Ministry of Health on the 12th March 2020. It was not until the government put in place precautionary measures including a curfew and lockdown (the latter having being lifted) due to an increase in the number of infections that people began feeling its effect both economically and socially.
A study by Dr. Habil Otanga, a Lecturer at the University of Nairobi, Department of Psychology says that such measures can in turn lead to surge in mental related illnesses including depression, feelings of confusion, anger and fear, and even substance abuse. It also brings with it a sense of boredom, loneliness, anger, isolation and frustration. In the post-quarantine/isolation period, loss of employment due to the depressed economy and the stigma around the disease are also likely to lead to mental health problems.
The Kenya National Bureau of Statistics (KNBS) states that at least 300,000 Kenyans have lost their jobs due to the Coronavirus pandemic between the period of January and March this year.
KNBC noted that the number of employed Kenyans plunged to 17.8 million as of March from 18.1 million people as compared to last year in December. The Report states that the unemployment rate in Kenya stands at 13.7 per cent as of March this year while it stood 12.4 per cent in December 2019.
Mama T (not her real name) is among millions of Kenyans who have been affected by containment measures put in place to curb the spread of the virus, either by losing their source of income or having to work under tough guidelines put in place by the MOH.
As young mother and an event organizer, she has found it hard to explain to her children why they cannot go to school or socialize freely with their peers as before.
“Sometimes it gets difficult as they do not understand what is happening due to their age, this at times becomes hard on me as they often think I am punishing them,”
Her contract was put on hold as no event or public gatherings can take place due to the pandemic. This has brought other challenges along with it, as she has to find means of fending for her family expenditures that including rent and food.
“I often wake up in the middle of the night with worries about my next move as the pandemic does not exhibit any signs of easing up,” she says. She adds that she has been forced to sort for manual jobs to keep her family afloat.
Ms. Mary Wahome, a Counseling Psychologist and Programs Director at ‘The Reason to Hope,’ in Karen, Nairobi says that such kind of drastic life changes have an adverse effect on one’s mental status including their family members and if not addressed early can lead to depression among other issues.
“We have had cases of people indulging in substance abuse to deal with the uncertainty and stress brought about by the pandemic, this in turn leads to dependence and also domestic abuse,”
Sam Njoroge , a waiter at a local hotel in Kiambu, has found himself indulging in substance abuse due to challenges he is facing after the hotel he was working in was closed down as it has not yet met the standards required by the MOH to open.
“My day starts at 6am where I go to a local pub, here I can get a drink for as little as Sh30, It makes me suppress the frustration I feel.” he says.
Sam is among the many who have found themselves in the same predicament and resulted to substance abuse finding ways to beat strict measures put in place by the government on the sale of alcohol so as to cope.
Mary says, situations like Sam’s are dangerous and if not addressed early can lead to serious complications, including addiction and dependency, violent behavior and also early death due to health complications.
She has, however, lauded the government for encouraging mental wellness and also launching the Psychological First Aid (PFA) guide in the wake of the virus putting emphasis on the three action principal of look, listen and link. “When we follow this it will be easy to identify an individual in distress and also offer assistance”.
Mary has urged anyone feeling the weight of the virus taking a toll on them not to hesitate but look for someone to talk to.
“You should not only seek help from a specialist but also talk to a friend, let them know what you are undergoing and how you feel, this will help ease their emotional stress and also find ways of dealing with the situation they are facing,” She added
Mary continued to stress on the need to perform frequent body exercises as a form of stress relief, reading and also taking advantage of this unfortunate COVID-19 period to engage in hobbies and talent development.
“Let people take this as an opportunity to kip fit, get in touch with one’s inner self and also engage in reading that would help expand their knowledge.