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Walton family

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This article is about the Walton family, founders of Walmart. For the television program, see The Waltons.

Walton
Business
Sam Walton, founder of Walmart
EtymologyWalton (surname); for "a place with the suffix tun ('town, farm, hamlet') and one of the prefixes wald ('a wood'), walesc ('foreigner') or walh ('farm worker')"
FounderSam Walton (1918–1992)
TitlesFounder of Walmart, richest family in the United States
Estate(s)$US215 billion (2020)[1]

The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States.[2][3][4]

Overview

The three most prominent living members (Jim, Rob, and Alice Walton) have consistently been in the top twenty of the Forbes 400 list since 2001, as were John (d. 2005) and Helen (d. 2007) prior to their deaths. Christy Walton 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 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.

As of December 2014, the Waltons collectively owned 50.8 percent of Walmart.[5] In 2018, the family sold some of their company's stock and now owns just under 50%.[6] In January 2019, 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.[7]

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.[8] 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.[9]

Walton family fortune

Alice Walton has a net worth of $65.1 billion, making her the 12th-richest person and the 2nd-richest woman in the world.[10][11][12]

The Walton family fortune is broken down as such:

Family tree

Their immediate family includes Jim, Christy, and Lukas Walton.

References

  1. ^ "Sunday Times Rich List". thesundaytimes.co.uk. Retrieved January 10, 2021.[dead link]
  2. ^ Hanbury, Mary (August 16, 2018). "MEET THE WALTONS: How America's wealthiest family spends its Walmart fortune". Business Insider. Retrieved August 22, 2018.
  3. ^ Bryan Rich. "Christy Walton & family". Forbes. Retrieved May 10, 2016.
  4. ^ Jerin Mathew (July 2, 2015). "Walton family are richest in the US with $254bn net worth – Forbes". International Business Times UK. Retrieved May 10, 2016.
  5. ^ "Wal-Mart says Walton family to sell shares to keep lid on stake". Reuters. April 11, 2015.
  6. ^ Souza, Kim (August 23, 2018). "Walton family reduces stock". Retrieved September 30, 2019.
  7. ^ "Inside the Walton Family Foundation's "Unprecedented" Giving for the Colorado River". Inside Philanthropy. May 2, 2019. Retrieved May 31, 2019.
  8. ^ Sullivan, Maureen. "Why Is The Walton Family Foundation Putting Another $250 Million Into Charter Schools?". Forbes. Retrieved August 1, 2019.
  9. ^ Sullivan, Maureen. "Walton Family Foundation Aims To Bolster Charter Schools With $1 Billion In Grants". Forbes. Retrieved August 1, 2019.
  10. ^ "Alice Walton". Forbes. Retrieved September 11, 2023.
  11. ^ "ALICE L WALTON Insider Trading Overview". www.insidermole.com. Retrieved September 20, 2016.
  12. ^ Faria. "Top 20 Richest Women In The World [Updated 2022]". Women In The World. Retrieved January 20, 2022.
  13. ^ "Jim Walton". Forbes. Retrieved September 11, 2023.
  14. ^ "S. Rob Walton". Forbes. Retrieved September 11, 2023.
  15. ^ "Alice Walton". Forbes. Retrieved September 11, 2023.
  16. ^ "Lukas Walton". Forbes. Retrieved September 11, 2023.
  17. ^ "Christy Walton". Forbes. Retrieved September 11, 2023.
  18. ^ "Ann Walton Kroenke". Forbes. Retrieved September 11, 2023.
  19. ^ "Nancy Walton Laurie". Forbes. Retrieved September 11, 2023.
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