Despite its fame, the Walton family remains among the richest in the world to this day. A great deal of their fortune came from founding Walmart, one of America’s largest companies and retailers.
Given such a status, you might wonder how much money the Walton family has? We’ve got the answer for you!
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Walton Family Net Worth 2024
According to estimates, the Walton family will have a combined net worth of $250 billion by 2021, making them the richest family in the world. Rob, Jim, Alice, and (in-law) Christy Walton own over 50% of Walmart’s shares, each worth between $63.8-$66.3 billion.
Keep reading if you’re interested in finding out how the Walton family accumulated such extravagant fortunes, what their current income sources are, and which member is the wealthiest.
Who Is Sam Walton?
Sam Walton, or Samuel Moore Walton, was born in Kingfisher, Oklahoma, in 1909. He founded Walmart in 1962 and achieved worldwide fame as an American retail entrepreneur.
Walton decided to open his own discount store after doubling sales at his Ben Franklin franchise during the 40s while managing the five-and-dime store with his brother.
As opposed to other discount retailers, Sam Walton operated a cluster of shops in small towns to utilize an ‘out-of-the-way’ strategy.
As WalMart previously used its own transportation service, Walton was able to buy stock in bulk and sell it at a discount.
Sam Walton founded Sam’s Club in 1983 as Walmart experienced tremendous growth within its first 21 years.
His business model began to expand in the 90s into the Mexican, Canadian, Chinese, German, and English markets.
Sam Kemper and his wife Helen Robson Kemper welcomed three children: Jim, Rob, and John (1946-2005), as well as Alice Walton. All three born after 1946 inherited their father’s business legacy and his legacy.
How Did The Waltons Start Making Money?
With one five-and-dime store, Sam Walton and his brother Bud first made money. Sam Walton established the first WalMart business with the knowledge that it would succeed.
The Walton family had already opened 24 Walmart stores in 1967 (5 years after the company’s launch), generating revenue of $12.7 million.
By making everyday brand-name products available at affordable prices, the company significantly boosted sales by staying true to its original concept.
Walmart was initially funded by the Waltons investing their revenue and borrowing; however, in 1970, they turned Walmart into a publicly-traded business and listed it on the New York Stock Exchange.
Over 60% of the family’s shares were held at the opening price of $16.50 per share. Approximately $5 million was earned by the Waltons from the initial stock listing!
How Much Of Walmart Is Owned By The Walton Family In 2024?
Walmart’s total share capital was over 50% owned by the Walton family in 2024. Approximately 35% of Walton Enterprises LLC’s share capital is held in 1.0 billion shares.
Over 4 million shares were transferred into the Walton Family Holdings Trust by the Walton family in 2020, representing 15 percent of the company’s shares.
The current chairman of Walmart, S.Robson (Rob) Walton, owns 2.6 million Walmart shares, or 0.09% of the company’s shares and a market value of $330.6 million.
Directly owned by Jim Walton are 6.3 million shares worth $730 million. A total of 6.7 million shares belonging to Alice Walton are worth around $776 million.
Does The Walton Family Still Earn Money From Walmart?
Walmart is said to bring in around $100 million in revenue per day for the Waltons. This is about $70,00 per minute and more than $4 million per hour!
Over $3 billion in dividends are paid by Walton Enterprises LLC and Walton Family Holdings Trust, who own more than half of Walmart’s shares.
Which Walton Family Member Has The Highest Net Worth?
There are approximately 250 billion dollars in net worth among the Walton family members, but which Walton is worth the most? Sam Walton died in 1992 with an estimated net worth of $8.6 billion, or $16 billion today.
Walmart’s former chairman, Samuel Robson ‘Rob’ Walton, has a net worth of $62.8 billion, according to Forbes. Walton’s brother has a net worth of $64.3 billion, James “Jim” Walton.
The net worth of Alice Walton, his only daughter, is $66.3 billion.
Are The Waltons The Richest Family On Earth?
Walton’s family wealth has increased dramatically in recent years. In addition to being America’s richest family, they are also the world’s richest family.
The family’s combined net worth jumped from $191 billion to $250 billion in just one year (2020-2021).
As the world’s wealthiest family, the Waltons hold a substantial lead. Second place goes to the Mars family (owners of Mars) with $120 billion, followed by the Koch family (owners of Koch Industries) with $109.7 billion, and Al Saud (Owners of Saudi Arabia) with $95 billion.
What Are The Walton Family’s Income Streams?
WalMart Corporation, made up of Walmart U.S., Walmart International, Murphy USA Gas Stations, and global eCommerce sites, is Walton’s principal source of income. WalMart dividends total over $3 billion annually.
Individual family members invest their own money to generate income streams. Among them is Steuart Walton, a former Walmart board member and son of Jim Walton, who founded a plane-making company.
Meanwhile, Alice Walton invests her wealth into artistic masterpieces after founding a museum in Arkansas in 2011. Among the works on display at the Crystal Bridges Museum are works by Warhol, Rockwell, and Rothko.
As a result, Rob Walton, who collects automobiles, has given over his position as Walmart chairman to his son-in-law, Greg Penner. Jim Walton also assumed the role of CEO of Arvest Bank, later becoming its chairman.
How is Walmart’s Net Worth?
Do you know how much Walmart is worth, given that it is the Walton family’s primary source of wealth? WalMart currently has a net worth of $328 billion! A total of $559 billion was generated by Walmart in recent years.
The company’s wealth is generated by more than 11,445 retail stores around the world. The breakdown is as follows:
- Four thousand seven hundred forty-three stores are located throughout the United States.
- There are 408 retail stores in Canada
- The United Kingdom has 632 Walmart-owned Asda stores
- Mexico has 2,634 stores
- The number of stores in China includes 434 hypermarkets
- Four hundred and twenty-three stores are located in Africa
- In Chile, there are 358 stores
- The number of stores in Japan is 328
- In India, 29 stores are there
What are Rob, Jim, or Alice’s rankings Forbes’ list of the world’s wealthiest people?
An elite group of entrepreneurs continues to amass extravagant wealth in our age of avid consumerism. We examine how well Walton family members stand alone as the richest family in the world.
Alice Walton ranks 10th on Forbes‘ list of wealthiest Americans, making her the richest woman in the country! The 11th place finisher was Jim Walton, and the 12th place finisher was Rob Walton. The number one spot belongs to Jeff Bezos.
Alice Walton, Jim Walton, and Rob Walton rank 17th, 18th, and 19th, respectively, among the world’s wealthiest people.
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FAQ: Walton Family Net Worth
How much are the Waltons worth?
Despite liquidating Walmart stock to the tune of $6 billion this year, the Waltons are still worth more in 2021 than in 2020. Bloomberg reports that Waltons had a $238.2 billion net worth as of mid-September.
Who is the richest family in the world?
With a $215 billion stake in Walmart, the world's largest company by revenue, the Waltons are the richest family in the world. Currently, the fourth generation of the Mars family runs the brand-name candy company. The family is the second-richest clan after the Waltons.
Do Waltons still own Walmart?
Walmart owned 50.8 percent of the Waltons as of December 2014. As of 2018, the family owns just over 50% of the company. In the annual Sunday Times Rich List, the Walton family was reported to have a net worth of $US215 billion in July 2020.
How many Waltons are billionaires?
In 2015, the Waltons were the richest family in the United States, with a combined net worth of $136.1 billion. Their wealth exceeded that of 43% of American households. They are nearly as wealthy as Bill Gates and Warren Buffet combined.
Conclusion: Walton Family Net Worth
Approximately $250 billion is the net worth of the Walton family. Walmart was founded in 1962 by Sam Walton and his family owns more than half of the company’s total shares, receiving more than $3 billion in annual dividends.
Rob, Jim, and Alice Walton, Sam Walton’s three children, are worth 66-68 billion dollars. The Waltons are the world’s wealthiest family.
