S. Robson Walton

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S. Robson Walton
S. Robson Walton.jpg
Walton in 2011
Born (1944-10-28) October 28, 1944 (age 69)[1][2]
Tulsa, Oklahoma
Residence Bentonville[1]
Citizenship United States
Education University of Arkansas
Columbia University School of Law
Occupation Chairman of Wal-Mart
Known for Walton family fortune
Net worth Increase US $33.3 billion [3]
Spouse(s) Melani Lowman-Walton (div.), 3 children[4]
Carolyn Funk (div.), no children[5]
Parents
Relatives

Samuel Robson "Rob" Walton (born October 28, 1944)[1][2][6] is the eldest son of Helen Walton and Sam Walton, founder of Walmart, the world's largest retailer. He is Chairman of the company. In October 2012, Walton was listed as the 11th richest person in the world.[7] His net worth was $34.2 billion as of March 3, 2014.[8]

Early life and family[edit]

Rob Walton is the eldest child of Sam Walton (d. 1992), cofounder of Wal-Mart, and Helen Walton (d. 2007), with siblings Jim Walton, Alice Walton, and John Walton (d. 2005). At the start of his career, Sam was a clerk making $75 a month at J. C. Penney who later cofounded Wal-Mart with his brother James Walton which started from a single store in Rogers, Arkansas in 1962, went public in 1970, and in 2013 is the world's largest retailer with US $470 billion in sales and 2.2 million employees in 11,000 stores globally.[9][10][11]

Walton attended The College of Wooster and graduated from the University of Arkansas in 1966 with a bachelor of science degree in business administration, where he was also a member of the Lambda Chi Alpha fraternity. He received a juris doctor degree in 1969 from the Columbia University School of Law. Walton is also a trustee at The College of Wooster.[4][11]

After graduation Walton became a member of the law firm that represented Wal-Mart, Conner & Winters in Tulsa, Oklahoma.[4] In 1978 he left Tulsa to join Wal-Mart as a senior vice president,[4] and in 1982 he was appointed vice chairman.[12] He was named chairman of the board of directors on April 7, 1992, two days after his father's death.

Along with his siblings, he has pledged about $2 billion to the Walton Family Foundation from 2008 to 2013.[10]

Personal[edit]

By the time he left Tulsa in 1978, Walton had three children, was divorced from his first wife and remarried to Carolyn Funk.[12] He and Carolyn filed for divorce in 2000.[5][13]

He is ranked at #17 on the 2013 Forbes list of world billionaires with a net worth of $26.1 billion.[10] On the 2013 Forbes 400 list of the richest people in America he is ranked at #9.[3]

References[edit]

  1. ^ a b c "S. Robson Walton Profile - Forbes". Forbes. March 9, 2013. Retrieved November 30, 2013. 
  2. ^ a b Rob Walton was born in 1944; Forbes listed his age as 66 in March 2011 and 67 in September 2011.
  3. ^ a b "The Forbes 400 The Richest People in America". Forbes. September 2013. Retrieved December 25, 2013. 
  4. ^ a b c d Serwer, Andy (November 15, 2004). "The Waltons: Inside America's Richest Family". Fortune. Retrieved February 20, 2011. 
  5. ^ a b DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN). SECOND JUDICIAL DISTRICT COURT STATE OF NEVADA, Washoe County. August 15, 2000.
  6. ^ Ortega, Bob (1999). In Sam we trust: the untold story of Sam Walton and how Wal-Mart is devouring the world. Kogan Page Publishers. p. 24. ISBN 978-0-7494-3177-8. 
  7. ^ "Bloomberg Billionares Index". Bloomberg LP. Retrieved December 2, 2012. 
  8. ^ "Profiles:S. Robson Walton". Forbes. Retrieved March 3, 2014. 
  9. ^ "S Robson Walton". Forbes. September 2013. Retrieved December 25, 2013. 
  10. ^ a b c "2013's Top 20 Billionaires". Forbes. 2013. Retrieved December 25, 2013. 
  11. ^ a b "The World's Billionaires #26 S Robson Walton". Forbes. May 3, 2008. Retrieved December 25, 2013. 
  12. ^ a b Ortega, Bob (October 20, 1998). In Sam We Trust. Times Business/Random House. p. 413. ISBN 0-8129-6377-6. 
  13. ^ "Billionaire Divorce. (Wal-Mart Stores Inc. Carolyn Walton, Robson Walton)". Entrepreneur. October 16, 2000. 

External links[edit]