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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 first location opened in 1990 and was named after Bud Walton, Sam Walton's brother and co-founder of Wal-Mart. Most Bud's Discount Stores (sometimes just called "Bud's", and until 1995 "Bud's Warehouse Outlet") were located in old Walmart storefronts, with the typical situation being a Bud's would replace the old storefront after Walmart ...
The largest shareholder of Walmart is the Walton family, who owns more than half of all Walmart shares. The second largest shareholder in Walmart is the Vanguard Group, who holds around 5% of ...
He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. As of December 2024, Forbes estimated his net worth to be US$110.8 billion, making him the 13th richest person in the world. [2] He is also the principal owner of the Denver Broncos. [3] [4]
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.
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 ...
Wal-Mart: A History of Sam Walton's Retail Phenomenon. Twayne Publishers. ISBN 0-8057-9833-1. Fishman, C. (2006). The Wal-Mart Effect: How the World's Most Powerful Company Really Works – and HowIt's Transforming the American Economy. Penguin. Marquard, W. H. (2007). Wal-Smart: What it really takes to profit in a Wal-Mart world. McGraw Hill ...
In public, the Waltons live a pretty modest life despite their wealth. Here's how they spend their fortune.