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Rob Walton Net Worth 2022: Does Sam Walton’s Family Still Own Walmart?

rob walton net worth

Heir to the Walmart fortune, Samuel Robson “Rob” Walton (born October 28, 1944) is a billionaire American heir to Walmart’s fortune.

As chairman of Walmart from 1992 until 2015, he is the oldest son of Helen Walton, the first wife of Sam Walton. When Walton’s fortune is calculated in March 2022, he will be the 18th richest person on the planet.

Walmart is without a doubt the world’s largest retailer. Greg Penner, his son-in-law, now serves on Walmart’s board of directors.

Earlier Life

Rob Walton was born on October 28, 1944, in Tulsa, Oklahoma, to Walmart co-founder Sam Walton and his wife Helen. Younger siblings Jim and Alice Walton. One of John Walton’s brothers, John Walton, died in 2005.

Walton attended The College of Wooster and the University of Arkansas, where he joined Lambda Chi Alpha. He earned a law degree from Columbia in 1969. Wooster College trustee Walton.

Walton joined Walmart, Conner & Winters after graduation. He joined Walmart in 1978 as SVP and became VP in 1982. On April 7, 1992, he became chairman of the board after his father’s death.

The Walton Family Foundation received $2 billion in gifts from him and his siblings between 2008 and 2013.

Walton’s ownership group will buy the Denver Broncos from Pat Bowlen’s estate on June 7, 2022, setting a record for the most expensive sports club sale ever.

Biography

When it comes to organ donation, he stands apart from the rest of his family. This is the richest family in the world, with a net worth above two hundred billion dollars. After Jeff Bezos and his wife divorced, they became the second-richest family in the world.

Specifications Details
Name Rob Walton
Born October 28, 1944 (age 77)

Tulsa, Oklahoma, U.S.

Parent(s) Sam Walton (father), Helen Walton (mother)
Education University of Arkansas

Columbia Law School

Occupation Businessman
Known for  Walton family fortune
Title Former chairman of Walmart(1992–2015)
Board member of Walmart
Spouse(s) First wife: Carolyn Funk, Melani Lowman
Children 3, including Carrie Walton Penner

Personal Life

Walton divorced his first wife and remarried Carolyn Funk before leaving Tulsa in 1978 with three children. They divorced in 2000. He married Melani LowmanWalton in 2005.  Carrie Walton Penner is one of his descendants.

Rob and his siblings would lose $27 billion by 2022 due to Wal-pricing mart’s drop.

Net Worth 2022

According to our study, Rob Walton is currently worth $5,790,000,000 (as of 2022). To arrive at our conclusion, we used a year in the year 2022. The anticipated figure also includes his compensation from his work as a lawyer and a businessperson, depending on her early career.

As time goes by, his estimated net worth may rise or fall; if that happens, we’ll be sure to update this page. In addition, we believe Rob Walton may have chosen investment options that would have doubled his profits and hence increased his net worth much more than previously thought.

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Car Collection

Walton is a well-known collector of cars all over the world. His collection of automobiles has a combined value of more than $300 million US dollars and includes :

Does Sam Walton’s Family Still Own Walmart?

Because of their investment in Walmart, the Waltons have become the wealthiest family in the United States of America. Walmart is the largest retailer in the world measured by revenue.

Seven of Sam Walton’s (who passed away in 1992) and his brother James “Bud” Walton’s children and grandchildren currently own approximately half of Walmart’s outstanding shares of stock (d. 1995).

With their wealth, what are the Waltons doing?

The Walton family donates a portion of their unfathomable fortune to various charitable organizations each year through the Walton Family Foundation. It would appear that the Walton family is constantly seeking ways to minimize their tax liability to maintain a healthy financial position.

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Zachary Mider, a finance expert, has penned numerous articles discussing the Walton family’s usage of “Jackie O” trusts as part of their approach to the management of their fortune. These trusts are ostensibly established to help charitable organizations, but their beneficiaries are the trustees, who use them to increase their personal fortune.

It is reported that Jacqueline Kennedy Onassis’ will be asked for the establishment of trust of this kind, and the trust itself bears her name as well.

According to Mider, a family can theoretically save more money in taxes by establishing a Jackie O. trust than they could have if they had donated nothing to charity. This is possible “with a wide enough discrepancy between the actual performance and the IRS rate,” Mider explains.

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