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Christy Walton took her husband John's place in the ranking after his death. 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 ...
Walmart's stock price rose 80%, driving gains in the Walton dynasty's net worth. ... The Walton family is the world’s richest as soaring Walmart shares drive the heirs’ net worth to $432 ...
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 ...
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings. [16] Walmart was listed on the New York Stock Exchange in 1972.
The lack of a renewal option, together with the prohibitively high rent of 5% of sales, were early business lessons to Walton. Despite forcing Walton out, Holmes bought the store's inventory and fixtures for $50,000, which Walton called "a fair price". [17] Walton's Five and Dime, now the Walmart Historical Museum, Bentonville
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.
He and Carolyn filed for divorce in 2000. He married his third wife Melani Lowman-Walton in 2005. [9] [16] [17] His children include Carrie Walton Penner. In 2022, due to a decline in Walmart's share price, Rob and his siblings lost more than $27 billion. [18] Walton is a well-known collector of automobiles. [19]
Three Walmart heirs have net worths of at least $100 billion, per Bloomberg. Jim Walton is worth $103 billion, while Robson and Alice are worth $101 billion and $100 billion each.