Featured image of post Soaring food prices push more Cargill family members on to world’s richest 500 list | The super-rich

Soaring food prices push more Cargill family members on to world’s richest 500 list | The super-rich

Fortunes of siblings James Cargill, Austen Cargill and Marianne Liebmann up a fifth this year

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Fortunes of siblings James Cargill, Austen Cargill and Marianne Liebmann up a fifth this year

Highlights

  • Siblings James Cargill, Austen and Marianne Liebmann join ranks of the world’s 500 richest people.
  • They have an estimated $5.4bn (£4.1bn) fortune – up a fifth so far this year.
  • The UN said global food prices had soared to a record high because of Russia’s invasion of Ukraine.
  • The war has disrupted Black Sea exports of crucial commodities from a region that had been producing more than a quarter of world’s wheat exports.
  • Oxfam America’s senior policy adviser for agriculture said: “Right now we’re seeing food prices skyrocket, which is taking a devastating toll on the most vulnerable communities"