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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's wealth is majority held through the investment holding company Walton Enterprises. [6]
Walton Enterprises LLC (WEI) is an American investment holding company based in Bentonville, Arkansas that serves as a family office to manage the wealth of the Walton family, the owners of Walmart. Walton Enterprises is the largest shareholder of Walmart and is also the largest family office in the world.
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.
In 1998, Wal-Mart introduced the Neighborhood Market concept with three stores in Arkansas. [53] By 2005, estimates indicate that the company controlled about 20 percent of the retail grocery and consumables business. [54] In 2000, H. Lee Scott became Wal-Mart's president and CEO as the company's sales increased to $165 billion. [55]
In October 2013, Walmart announced that it would end the 50/50 agreement with Bharti Enterprises. Bharti would operate its retail stores independently, and Wal-Mart Stores, Inc takes 100% ownership of the 20 Best Price Modern Wholesale cash and carry business operating in India. Modcloth [18] Parcel [19] Art.com [20] Vizio (acquired in December ...
The Walmart family fortune has grown by 66% since last year to a record $432 billion. Jim, Rob, Alice, and the other Waltons are richer than the royal families of Abu Dhabi and Qatar.
Walmart founder Sam Walton died more than 30 years ago, but the retail giant he started is still thriving and making his family even richer. The Waltons were recently named the world's richest ...
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. [ 2 ] As of February 2025, Walton has a net worth of $121 billion, making her the 13th richest person and the richest woman in the world according to ...