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Lipids. Lipids are very diverse in both their respective structures and functions. These diverse compounds that make up the lipid family are so grouped because they are insoluble in water. They are however soluble in other organic solvents such as ether, acetone, and other lipids.Major lipid groups include fats, phospholipids, steroids, and waxes.hese diverse compounds that make up the lipid family are so grouped because they are insoluble in water. They are however soluble in other organic solvents such as ether, acetone, and other lipids.
By Anne Marie Helmenstine, Ph.D. Lipids are a diverse group of fat-soluble biological molecules. Here is a look at different types of lipids and where they are found. 1  Triacylglycerols or Triglycerides. 2  The largest class of lipids goes by different names: triacylglycerols, triglycerides, glycerolipids, or fats.ipids are a diverse group of fat-soluble biological molecules. Here is a look at different types of lipids and where they are found. 1  Triacylglycerols or Triglycerides.