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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.
Steuart Walton (born 1981) is an American attorney and businessman. Born into the billionaire Walton family, he is a director of Walmart, the world's largest company by revenue, co-founder of private equity firm RZC Investments, which bought British cycling brand Rapha in 2017, and founder of Game Composites, a composite aircraft manufacturer.
In public, the Waltons live a pretty modest life despite their wealth. Here's how they spend their fortune.
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]
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.
Walton was born on May 15, 1951. [3] She is the younger daughter of Bud Walton, the brother and business partner of Walmart founder Sam Walton. [4] She grew up in Versailles, Missouri, where she met future husband Bill Laurie. [5] At Bud's death, she and her sister Ann Walton Kroenke inherited a stake in Walmart that made them both billionaires ...
Walmart's annual shareholder meeting is Friday, and sure to be discussed will be the news that earnings for the last quarter weren't very good. Net sales for the first quarter of fiscal 2012 ...