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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.
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. In September 2016, she owned over $11 billion in Walmart shares. [ 3 ] As of November 2023, Walton has a net worth of $71 billion, making her the 17th richest person and the second- richest woman in the world according ...
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.
Cifra - Walmart's operations in Mexico started as Walmex, a joint venture between Cifra of Mexico and Wal-Mart Stores, Inc. Walmart later bought a majority interest in Cifra and changed the name to Walmart de Mexico. Walmex is independently traded on the Mexican stock exchange, although Wal-Mart Stores, Inc. holds a majority interest.
In public, the Waltons live a pretty modest life despite their wealth. Here's how they spend their fortune.
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 ...
One example – in 1969, to help CVS grow, the company merged with Melville Corporation, which owned many unrelated retail chains including Marshall’s, which later was bought by T.J. Maxx ...
Samuel Robson "Rob" Walton (born October 27, 1944) is an American billionaire heir to the fortune of Walmart, the world's largest retailer.He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015.