Here are all the things you need to know about the Busch family.
The famed Busch family, well-known for their massive Budweiser beer business, is one of the wealthiest families in the United States. Collectively, the family possesses an estimated net worth of $13.4 billion, according to a report by Forbes.
The Busch Family is the owner of one of the largest beer companies in the world, Budweiser.
'Budweiser' beer is one of the most sold beers in America and the world. In addition, Budweiser is the most advertised drink in the United States, which is the primary factor in making it so much popular.
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So the billionaire family, from their possession of such an immense wealth, have been investing in other sectors besides beer brewing. The Busch family now have their own reality television show on MTV entitled 'The Busch Family Brewed' to be released on March 5.
Maybe the family ran out of things to invest on and decided to make a reality series to add some glamour into their life. Whatever the reason, it is going to be interesting to watch the life of the affluent people and their activities.
We have listed the main facts related to the Busch family and their business for those curious to know more about them.
According to Forbes, the Busch family is one of the wealthiest family in the United States, with a whopping estimated net worth of $13.4 billion. The majority of the income comes from the main company business, which is Budweiser beer brewing.
The Busch family is one of the wealthiest family in the United States with a whopping net worth of 13.4 billion.
Source: Trip Advisor
The beer-selling business has been in the billionaire family for a long time now, with the first batch of Budweiser in 1876 cooked up by the founder Adolphus Busch. The company has stepped up the business ladders since then and is now one of the biggest beer brands in the world. Currently, Anheuser-Busch InBev is the head, giving continuity to the family heritage.
The Busch family while running the main family business, Budweiser beer sales, do it with the strategy of heavily advertising the brand to optimize the sales. So they focus on allocating a more substantial portion of the marketing budget on advertisements.
The Busch family spends extensively on advertising the brand to optimize the sales.
Source: The Business Journals
Budweiser, therefore, invests tons of money on advertising, with a record of $449 million alone in 2012 in the United States. This approach made it the most advertised drink brand in America, which amounted to a third of the company's US marketing budget.
The Busch Family makes such fortune from most of the revenues obtained from their Budweiser brand business. The beer made $54.6 Billion in revenues in the year 2018, the year when it also was a global sponsor of the 2018 FIFA World Cup Russia.
About an estimated 30 members of the Busch family share the immense family fortune.
The massive earnings and net worth that the family possesses are spread among its estimated 30 members, as each member has a share on the riches. So the $13.4 billion net worth is not ever labeled for any one individual member of the family.
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