Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk. (2024)

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Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk.? ›

Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk. Berkshire Hathaway CEO and chairman Warren Buffett's net worth is now an estimated $124 billion.

Rob Walton, the eldest of Walmart founder Sam Walton's children, is retiring after more than 40 years on the company's board. With a net worth of $79.8 billion, he's among the 20 richest people in the world. Here's a look at the billionaire Walmart heir's life and career.

Legendary founder Sam Walton's three surviving children — Rob, Jim, and Alice — all rank highly on the Forbes rich list with personal fortunes of between $72 billion and $79 billion. They were less than half as wealthy in 2016.

The Walton family owns about 45% of Walmart's outstanding shares through the trust and their main investment vehicle, Walton Enterprises, data compiled by Bloomberg show. Alice, Jim and Rob Walton have a combined fortune of $274 billion, according to the Bloomberg Billionaires Index.

The Waltons as a whole were worth an estimated $267 billion in mid-January, a Forbes ranking of America's richest families found. They were more than twice as wealthy as the Mars dynasty.

Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived.

BENTONVILLE, Ark. —

The brothers' heirs and heiresses have spread their wealth and influence to the worlds of art, banking, education and athletics, transforming the communities they live in.

So, who is the richest family in the world? The title currently goes to the Walton family with a net worth of $173.1 billion. Keep reading to find out what other families made the list of the top 10 richest families in the world.

The company, which became the largest retailer in the world with a huge chain of stores, is changing its name to reflect its increasing emphasis on e-commerce. As of Feb. 1, it will no longer be "Wal-Mart Stores" and will get rid of the hyphen and drop "stores" from its legal name.

Is Lowe's owned by Walmart? ›

Lowe's Companies, Inc. and Walmart Inc. are separate companies and are not owned by the same parent company. While both are prominent retail chains in the United States, they operate independently and have different ownership structures and management teams.

Costco and Sam's Club have very similar business models. Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive and the prices of basic products at Sam's Club are generally cheaper.

An estimated 45% of Walmart's stock is held by the families of seven heirs of founders Sam Walton (d. 1992) and his brother Bud (d. 1995). Heirs include Sam's three living children--Rob, Jim and Alice--his daughter-in-law Christy and her son Lukas, plus Bud's two daughters, Ann and Nancy.

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.

The old Walton store is a real, working store which serves kind of like a gift shop. They sell retro toys and candy and have some of the original fixtures. The original green and red floor tiles still there today in the 5&10 were installed in 1951.

Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart as daughter of founder Sam Walton.

77.1 billion USD (2024)

Alice Walton / Net worth

The estimated net worth of C Douglas Mcmillon is at least $299 Million dollars as of 2024-05-02. C Douglas Mcmillon is the President and CEO of Walmart Inc and owns about 5,078,220 shares of Walmart Inc (WMT) stock worth over $299 Million.