World’s richest family has a net worth of $432 billion, more than Elon Musk their business is…, are from…
The Walton family, who owns the Walmart empire, became the richest family in the world in 2024. Their total wealth reached a huge $432.4 billion, as reported by Bloomberg. This big jump in their fortune happened after Walmart’s stock value went up by almost 80% last year.
Walmart was founded in 1962 by two brothers, Sam Walton and Bud Walton, in the state of Arkansas, USA. Their main idea was simple, ‘to offer people the lowest prices, anytime and anywhere’. What started as a small store has now turned into one of the largest retail chains in the world. Even though both Sam and Bud passed away more than 30 years ago, the company they built continues to grow and spread across the globe.
Over the years, the Walton family’s business has seen both good and tough times, but it has mostly stayed strong for over sixty years. After Sam and Bud Walton passed away, their shares in Walmart were divided among seven family members. These include Sam Walton’s children, Alice, Jim, and Rob, his daughter-in-law Christy and her son Lukas, along with Bud Walton’s daughters, Ann and Nancy. While Walmart still mainly runs retail stores, the family has also put money into other businesses to grow their wealth even more.
Rob Walton, the eldest son of Sam Walton, became Walmart’s chairman after his father’s death in 1992. He held that position until 2015 and officially left the company’s board of directors in 2024. His son-in-law, Greg Penner, now serves as Walmart’s chairman. Rob Walton’s personal net worth is $113.3 billion. In 2022, he purchased the Denver Broncos, a professional American football team, for $4.7 billion along with his daughter and son-in-law.
The Walton family’s connection to the sports world doesn’t stop there. Ann Walton, Bud Walton’s daughter, is married to billionaire Stan Kroenke. He owns several major sports teams, including the St. Louis Rams (NFL), the Denver Nuggets (NBA), Arsenal Football Club (UK), Colorado Avalanche (NHL), Colorado Mammoth (lacrosse), and Colorado Rapids (soccer). Stan Kroenke also served on Walmart’s board between 1996 and 2001.
Alice Walton, the only daughter of Sam Walton, is one of the richest women in the world, with a net worth of about $113 billion. She chose not to take part in running Walmart. Instead, she follows her passion for art and helping others. In 2011, she opened the Crystal Bridges Museum of American Art in Bentonville, Arkansas. The museum holds a big collection of American art and is open to the public.
Jim Walton, Sam Walton’s youngest son, is the head of Arvest Bank Group, which is owned by the Walton family. His net worth is around $112.1 billion. His daughter, also named Alice, is in charge of the Walton Family Foundation. This foundation works to improve education, protect the environment, and support local communities.
Even though most of the Walton family’s money still comes from Walmart, they have also made smart investments in other areas like sports, banking, and art. From a single store in a small town, their business has grown into a global success. Their journey tells how a simple idea and strong family efforts can turn into one of the biggest business empires in the world.
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