Walton family

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Sam Walton, founder of Walmart
Walton
business
Current regionOklahoma, Arkansas, U.S.
EtymologyWalton; for "a place with the suffix tun ('town, farm, hamlet') and one of the prefixes wald ('a wood'), walesc ('foreigner') or walh ('farm worker')"
TitlesFounder of Walmart, Richest family in the United States

The Walton family is an American family whose collective fortune makes them the richest family in the United States of America[1] and the richest non-royal family in the world.[2][3] 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.[4] In 2018, the family sold some of their company's stock and now owns just under 50%.[5] In July 2020, the annual Sunday Times Rich List reported that the Walton family's net worth was $US225.2 billion.[6]

Walton Family Foundation[edit]

In 1987, Sam Walton endowed a charitable foundation. The Walton Family Foundation was primarily focused on charter schools, but it later extended its program to include environmental issues, particularly those related to water.[7]

In 2016, Alice and Jim Walton put a $250 million grant towards building charter school facilities, in honor of their parents' commitment to providing high-quality education. 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[edit]

The Walton family fortune is broken down as such:

Family tree[edit]

References[edit]

  1. ^ Hanbury, Mary (August 16, 2018). "MEET THE WALTONS: How America's wealthiest family spends its Walmart fortune". Business Insider. Retrieved August 22, 2018.
  2. ^ Bryan Rich. "Christy Walton & family". Forbes. Retrieved May 10, 2016.
  3. ^ Jerin Mathew (July 2, 2015). "Walton family are richest in the US with $149bn net worth – Forbes". International Business Times UK. Retrieved May 10, 2016.
  4. ^ "Wal-Mart says Walton family to sell shares to keep lid on stake". Reuters. April 11, 2015.
  5. ^ Souza, Kim (August 23, 2018). "Walton family reduces stock". Retrieved September 30, 2019.
  6. ^ "Sunday Times Rich List". thesundaytimes.co.uk.
  7. ^ "Inside the Walton Family Foundation's "Unprecedented" Giving for the Colorado River". Inside Philanthropy. 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. ^ "Jim Walton". Forbes.
  11. ^ "Alice Walton". Forbes.
  12. ^ Bartie Scott. "S. Rob Walton". Forbes. Retrieved May 20, 2016.
  13. ^ "Lukas Walton". Forbes.
  14. ^ Morgan Brennan. "Christy Walton". Forbes. Retrieved May 20, 2016.
  15. ^ "Ann Walton Kroenke". Forbes. Retrieved March 1, 2018.