menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

The Walton...
source image

Insider

1d

read

104

img
dot

Image Credit: Insider

The Walton family empire: Inside the lives of the billionaire Walmart heirs

  • The combined estimated net worth of the Walmart heirs is nearly $400 billion, with all three of Sam Walton's surviving children comfortably in the $100 billion club.
  • The Waltons maintain relatively modest lifestyles despite their immense wealth and have expanded voting control to their grandchildren in the family holdings.
  • Rob Walton, the eldest child, retired from Walmart's board in 2024 and led an ownership group to purchase the NFL team Denver Broncos for a record $4.65 billion.
  • John Walton, who died in 2005, held various roles in Walmart after serving in Vietnam and left a significant portion of his wealth to charity and his son, Lukas.
  • Jim Walton, the youngest son, is the chairman of Arvest Bank Group and has a net worth of $121 billion, overseeing Walton Enterprises and managing the family's finances.
  • Alice Walton, the youngest daughter, is a patron of the arts and owns a vast private art collection, including works from renowned artists like Andy Warhol and Georgia O'Keeffe.
  • Alice also opened a museum called Crystal Bridges to showcase her art collection and has made significant charitable donations through the Walton Family Foundation.
  • The Walton family's foundation focuses on education, environmental protection, and supporting their home region of Northwest Arkansas and the Arkansas-Mississippi Delta.
  • Despite the immense wealth generated by Walmart, the Waltons prefer to maintain a low profile much like their patriarch Sam Walton.
  • The younger generation of Walton descendants is now playing a significant role in guiding the family fortune and preserving the legacy of Sam Walton.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app