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The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
The Walton family is still the major shareholder of Walmart Inc. The children of Walmart founder Sam Walton own about half of all Walmart shares , according to official company documents.
The offspring of Walton account for about 45% of Walmart’s stock, estimates Forbes. The surviving first rung of heirs of the Walton family include Sam’s three children Rob, Jim and Alice.
The family then announced on August 2, 2022, that Lewis Hamilton would be added to the ownership group. [14] Walton delegated most day-to-day authority to his son-in-law, Walmart chairman Greg Penner, who took over as CEO of the franchise and the public face of the ownership group. [15]
On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-Mart Board of Directors. [2] He was CEO of his family owned Arvest Bank, until becoming Chairman of Arvest Bank, and chairman of newspaper firm Community Publishers Inc. (CPI) owned by Jim Walton himself (but founded by his father Sam Walton after acquiring the local newspaper the Benton County Daily Record, both ...
The family behind Walmart saw its wealth grow by 66% to a record $432 billion in one year as the retailer's stock soared. The Waltons are once again the world's wealthiest family, beating out Gulf ...
The Walton family is worth more than $330 billion, dwarfing Elon Musk's $237 billion fortune. They owe some of their wealth to a savvy decision by Walmart founder Sam Walton over 70 years ago.
Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively.