economie

3 Walmart heirs are on the brink of being worth $100 billion each — and together they’re way richer than Elon Musk

Lukas Walton is worth almost $35 billion.

Include Lukas ($34.6 billion) and Christy ($15.5 billion) — the son and widow of Sam’s fourth child, the late John T. Walton — and the wealth of retail’s royal family exceeds $340 billion. That’s more than the value of Bank of America ($316 billion), Coca-Cola ($312 billion), or Netflix ($301 billion).

The Waltons have enjoyed rapid growth in their personal wealth thanks to Walmart stock, which has nearly quadrupled since early 2016.

The retailer has benefited from resilient consumer spending as well as investor optimism, now fueled by slowing inflation and waning recession fears as interest rates are poised to drop in the weeks ahead.

Read the original article on Business Insider

https://www.businessinsider.com/walton-family-wealth-walmart-record-stock-billionaires-retail-rich-list-2024-8