The Walton family is an American family whose collective fortune derived from
Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...
makes them the richest family in the
United States of America
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territo ...
.
Overview
The three most prominent living members (
Jim
Jim or JIM may refer to:
* Jim (given name), a given name
* Jim, a diminutive form of the given name James
* Jim, a short form of the given name Jimmy
* OPCW-UN Joint Investigative Mechanism
* ''Jim'' (comics), a series by Jim Woodring
* ''Jim ...
,
Rob, and
Alice Walton
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. In September 2016, she owned over in Walmart shares. As of October 2022, Walton has a net worth of $59 billion, making her the 19th-richest person, and ...
) have consistently been in the top twenty of the
''Forbes'' 400 list since 2001, as were
John
John is a common English name and surname:
* John (given name)
* John (surname)
John may also refer to:
New Testament
Works
* Gospel of John, a title often shortened to John
* First Epistle of John, often shortened to 1 John
* Secon ...
( 2005) and
Helen
Helen may refer to:
People
* Helen of Troy, in Greek mythology, the most beautiful woman in the world
* Helen (actress) (born 1938), Indian actress
* Helen (given name), a given name (including a list of people with the name)
Places
* Helen, ...
(d. 2007) prior to their deaths.
Christy Walton
Christy Ruth Walton (née Tallant; born February 8, 1949) is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart.
In June 2005, her husband died in a plane crash, making her the main heir to his fortune of billi ...
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
In botany, a bud is an undeveloped or embryonic shoot and normally occurs in the axil of a leaf or at the tip of a stem. Once formed, a bud may remain for some time in a dormant condition, or it may form a shoot immediately. Buds may be spec ...
and
Sam Walton
Samuel Moore Walton (March 29, 1918 – April 5, 1992)
was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's l ...
, who were the co-founders of
Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...
. 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 Waltons collectively owned 50.8 percent of Walmart. In 2018, the family sold some of their company's stock and now owns just under 50%. In January 19, the Walton family's net worth was around US$240.6 billion.
Walton Family Foundation
In 1987, Sam Walton endowed a charitable foundation. The Walton Family Foundation primarily focused on charter schools, but it later extended its program to include environmental issues, particularly water-related.
In 2016, Alice and Jim Walton put a $250 million grant towards building charter school facilities. The Walton Family Foundation created the Building Equity Initiative to provide charter schools with access to capital to create and expand their facilities. This initiative was established after the foundation announced in 2016 that it would spend $1 billion over the next five years to expand "educational opportunity" by partnering with charter school operators, researchers, and education reformers.
Walton family fortune
The Walton family fortune is broken down as such:
*
Jim Walton
James Carr Walton (born June 7, 1948) is an American businessman, currently the heir to the fortune of Walmart, the world's largest retailer. As of October 2022, Walton was the seventeenth-richest person in the world, with a net worth of US$61 b ...
, $66.9 billion
*
Alice Walton
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. In September 2016, she owned over in Walmart shares. As of October 2022, Walton has a net worth of $59 billion, making her the 19th-richest person, and ...
, $66 billion
*
S. Robson Walton
Samuel Robson “Rob” Walton (born October 28, 1944) is an American billionaire heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. ...
, $65.7 billion
*
Lukas Walton
Lukas Tyler Walton (born September 19, 1986) is an American billionaire heir. He is the grandson of Sam Walton, the founder of Walmart.
Early life and career
Lukas Walton is the only child of John T. Walton (1946–2005) and his wife Christy W ...
, $16.7 billion
*
Ann Walton Kroenke
Anne, alternatively spelled Ann, is a form of the Latin female given name Anna. This in turn is a representation of the Hebrew Hannah, which means 'favour' or 'grace'. Related names include Annie.
Anne is sometimes used as a male name in the ...
, $9.1 billion
*
Nancy Walton Laurie
Nancy Walton Laurie (born May 15, 1951) is an American heir to the Walmart fortune. She is also a businesswoman and a philanthropist.
Early life
Nancy Walton was born on May 15, 1951. She is the younger daughter of Bud Walton, the brother and bus ...
, $8.2 billion
*
Christy Walton
Christy Ruth Walton (née Tallant; born February 8, 1949) is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart.
In June 2005, her husband died in a plane crash, making her the main heir to his fortune of billi ...
, $8 billion
Family tree
Their immediate family includes Jim, Christy, and Lukas Walton.
References
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American billionaires
American businesspeople in retailing
American families
Business families of the United States
Presbyterian families