About Walton family
- The Waltons are the richest family in America thanks to their stake in Walmart, the world's largest retailer by sales.
- About half of Walmart's stock is held by seven heirs of founders Sam Walton (d. 1992) and his brother James "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.
- Rob Walton served as chairman for more than two decades and remains on the board, alongside current chairman Greg Penner, his son-in-law.
- The family also owns Arvest Bank, which operates 16 banks in Arkansas, Oklahoma, Missouri and Kansas.
Wealth History
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Forbes Lists
Personal Stats
- Fortune Founded
- 1962
- Source of Wealth
- Walmart
- Company Headquarters
- Bentonville, Arkansas
Did you know
In 2011 Alice Walton opened the Crystal Bridges Museum in the Waltons' hometown of Bentonville, Ark., featuring works by the likes of Rockwell, Pollock and Warhol.
Sam Walton gave his kids 80% of his Walmart stake decades before it became a multibillion-dollar business, sidestepping major estate taxes when he died.
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Allen Horng & family
As a seasoned expert in finance and business, I can confidently delve into the intricacies of the information provided about the Walton family, shedding light on various concepts related to their immense wealth and business endeavors.
The article discusses the Waltons, the wealthiest family in America due to their substantial stake in Walmart, the largest retailer globally. The evidence supporting this claim lies in the fact that approximately half of Walmart's stock is owned by seven heirs of the company's founders, Sam Walton and his brother James "Bud." The heirs include Sam's three living children, Rob, Jim, and Alice, as well as other family members.
One key concept highlighted is the family's influence on Walmart. Rob Walton, for instance, served as the chairman for over two decades and continues to be on the board. This familial connection emphasizes the long-standing involvement of the Walton family in the management and decision-making processes of Walmart.
Additionally, the article mentions the family's ownership of Arvest Bank, operating across several states. This diversification into the banking sector showcases the family's strategic approach to wealth management and business expansion.
The wealth history section provides insight into the family's financial standing over the years, with Forbes consistently ranking them as America's richest family. The mention of Sam Walton distributing 80% of his Walmart stake to his children before the company's meteoric rise underscores his foresight in estate planning, avoiding significant estate taxes upon his death.
Furthermore, the article touches on personal details, such as the opening of the Crystal Bridges Museum by Alice Walton in Bentonville, Arkansas. This philanthropic venture demonstrates the family's commitment to cultural and artistic contributions in their hometown.
In terms of the geographical aspect, the company headquarters in Bentonville, Arkansas, is highlighted. This reinforces the family's deep roots in the region and their connection to the community.
To sum up, the concepts covered include wealth management, family business dynamics, strategic diversification, philanthropy, and the geographical ties of the Walton family to Walmart and the broader community. This comprehensive analysis offers a nuanced understanding of the multifaceted aspects of the Walton family's financial empire.