Walton Family Foundation
Include Lukas ($35.7 billion) and Christy ($16.1 billion) — the son and widow of Sam’s fourth child, the late John T. Walton — and the wealth of retail’s royal family exceeds $355 billion. That’s more than the value of Bank of America ($306 billion), Coca-Cola ($307 billion), or even Netflix ($310 billion).
The Waltons have enjoyed rapid growth in their personal wealth thanks to Walmart stock, which has roughly quadrupled since early 2016.
The retailer has benefited from resilient consumer spending as well as investor optimism, now fueled by cooling inflation and waning recession fears following the Federal Reserve’s long-awaited first cut to interest rates.
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