Hess Family Net Worth (Updated 2026).
The Hess family, originally from Germany, began their entrepreneurial journey in the late 19th century. Carl F. Hess, the patriarch, immigrated to the United States and started a small butcher shop in Chicago, Illinois, in 1890. His sons, Carl Jr. and Louis, joined the business after completing their education, marking the beginning of the Hess family’s career in the food industry.
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Hess Family’s Current Net Worth (2025)
The Hess family, founders of the Hess Corporation, has an estimated net worth of $13.5 billion as of 2025, according to Forbes. This makes them one of the wealthiest families in the United States.
Career
The Hess family’s patriarch, Leon Hess, founded the Hess Corporation in 1933, initially as a single gas station. The company grew to become a major oil and gas producer, refiner, and marketer. Leon’s son, John B. Hess, currently serves as the CEO of the company.
Other Ventures
In addition to the Hess Corporation, the family has diversified its investments. They own the New York Jets football team and have significant real estate holdings. They also have interests in various philanthropic endeavors, including the Hess Foundation.
Assets
The Hess family’s assets include a majority stake in the Hess Corporation, valued at around $12 billion. They also own the New York Jets, valued at approximately $3 billion, and extensive real estate holdings, including properties in New York City and the Bahamas.
Annual Income
The Hess family’s annual income is primarily derived from the Hess Corporation. In 2024, John B. Hess’s total compensation was reported to be around $21 million. The family also generates income from their real estate holdings and investments in other ventures.
Frequently Asked Questions about Hess Family
**Frequently Asked Questions: Hess Family Net Worth**
1. What is the Hess Family’s net worth?
The Hess Family’s net worth is estimated to be around $100 billion.
2. Who are the members of the Hess Family?
The Hess Family is primarily composed of the descendants of Leon Hess, the founder of Hess Corporation. The current members include John B. Hess, his siblings, and their children.
3. How did the Hess Family make their fortune?
The Hess Family made their fortune through the Hess Corporation, an energy company founded by Leon Hess in 1933. The company operates in exploration and production, refining, and marketing of petroleum products.
4. What is John B. Hess’ role in the Hess Family’s fortune?
John B. Hess is the son of Leon Hess and the current CEO of Hess Corporation. He has played a significant role in the growth and management of the family’s fortune.
5. How much of the Hess Family’s wealth is tied to Hess Corporation?
Most of the Hess Family’s wealth is tied to their ownership in Hess Corporation. They own a significant stake in the company, which is their primary source of wealth.
6. What other businesses does the Hess Family own?
Besides Hess Corporation, the Hess Family also has interests in other businesses such as real estate and philanthropic ventures. However, their energy company remains their most significant asset.
7. How does the Hess Family compare to other wealthy families in the world?
The Hess Family is one of the wealthiest families in the world. They rank among the top 100 wealthiest families globally, according to Forbes.
8. What is the Hess Family’s involvement in philanthropy?
The Hess Family is known for their philanthropic efforts. They have established various foundations and have donated to causes related to education, health, and community development.
9. How does the Hess Family manage their wealth?
The Hess Family manages their wealth through a combination of professional wealth managers and family offices. They also have a family council that oversees their philanthropic activities.
10. What is the future of the Hess Family’s wealth?
The future of the Hess Family’s wealth depends on various factors, including the performance of Hess Corporation, the global energy market, and the family’s investment strategies. However, with their diverse portfolio and strong management, they are well-positioned for the future.
