How America’s Walton family clan spend their incredible Walmart fortune

They are the family behind the biggest department store, but somehow, the Walton clan have largely flown under the radar for decades.

That’s despite being the world’s wealthiest family, with a $191 billion ($A281 billion) fortune.

And according to Bloomberg, it’s a fortune that’s growing — fast.

“The numbers are mind-boggling: $70,000 ($A103,000) per minute, $4 million ($A5.8 million) per hour, $100 million per day,” the publication reports.

RELATED: Teen’s $3.3m lotto win ‘too much’ money
RELATED: Billionaire’s ‘beyond offensive’ tweet

“That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc, has been growing since last year’s Bloomberg ranking of the world’s richest families.

“At that rate, their wealth would’ve expanded about $23,000 ($A33,868) since you began reading this. A new Walmart associate in the US would’ve made about 6 cents in that time, on the way to an $11 ($A16) hourly minimum.”

It also revealed the family’s “jarring” and “near-unprecedented” wealth had soared by $39 billion since June 2018.

Jim, John and Rob Walton with their mother Helen in 1997.

But who are the mysterious Walton family, and how did they amass such a “jarring” stack of cash?

Walmart Chairman Rob Walton in 2015. Picture: Danny Johnston/AP

But Rob, his eldest child, seems to be more happy to splash his cash.

According to Business Insider, he collects valuable vintage cars as a hobby — and in 2013, he managed to total his Daytona Coupe.

It was one of just five in the world and was worth a whopping $15 million.

When John Walton died in a plane crash in the mid-noughties, he left around 17 per cent of his fortune to wife Christy, while the rest was divided between various charities and his son Lukas.

Host Jamie Foxx onstage with Jim Walton, Arvest Bank Group CEO, during the annual Walmart shareholders meeting event in 2018. Picture: Rick T. Wilking/Getty Images

Jim Walton, 71, has an estimated net worth of $US49.6 billion ($A73.2 billion) and is married to Lynne McNabb Walton.

The couple have four children — Alice A Proietti, Thomas L Walton, James M Walton and Steuart Walton, 38, who is a Walmart director.

Christy Walton, widow of John T Walton, inherited a share of his $15.7 billion fortune after his death.

Christy Walton, widow of John T Walton, inherited a share of his $15.7 billion fortune after his death.

He married Baywatch star Kelly Rohrbach earlier this year.

According to Page Six, “Rumours swirled in March that they were engaged, after author Cat Marnell tweeted that she overheard Walton ‘call fiancee Kelly Rohrbach (and) then bitch out … their wedding planner’. She claims to have eavesdropped on Walton saying that their wedding budget was “$1 to $1.5 million”.

There is little evidence of her billionaire husband on Kelly Rohrbach’s social media accounts. Picture: Paramount Pictures

There is little evidence of her billionaire husband on Kelly Rohrbach’s social media accounts. Picture: Paramount Pictures

Rohrbach as CJ Parker in the film Baywatch. Picture: Paramount Pictures

Rohrbach as CJ Parker in the film Baywatch. Picture: Paramount Pictures

He and brother Thomas are keen mountain bikers and they co-founded an investment company, RZC Investments.

Alice Walton has a net worth of around $US48.7 billion ($A71.9 billion) and has been divorced twice with no children.

She’s a lover of the arts and has amassed a huge personal collection worth $500 million, according to Business Insider

Alice Walton is a keen supporter of the arts.

In 2014, she made history after paying $44.4 million on a Georgia O’Keefe painting — the most ever money spent on an artwork by a female artist.

She’s also bought and sold a string of luxury, multimillion-dollar properties over the years, including two sprawling Texan ranches and a condo on Park Avenue in New York.

She also donated millions of her Walmart shares to the clan’s not-for-profit organisation, the Walton Family Foundation.

According to Bloomberg, the family-owned Walton Enterprises owns half of Walmart, and that 50 per cent stake paid out $3 billion in dividends last year alone.

Somehow, the clan have managed to remain out of the spotlight for the most part, with family members steering clear of social media and avoiding being papped in public despite having a Hollywood star in the ranks.

The Walton Family Tree
  • Sam Walton married Helen Robson in 1943
  • They had four children – Samuel (Rob) Robson, John Thomas, James (Jim) Carr and Alice Louise
  • He founded Walmart in 1962
  • Sam Walton died in 1992, leaving ownership of the company to his family
  • Rob took over as chairman, and John served as a director before his death in 2005
  • He left behind wife Christy and one son, Lukas
  • Jim and Alice are not directly involved in the company, although Jim is chairman of the board of the Walton’s Arvest Bank
  • His son Steuart is on the Walmart board, and has three other children: Thomas, James and Alice
  • Alice is divorced with no children, while Rob is believed to have at least four children from three marriages

RELATED TOPICS & LINKS

www.hotsupersexywomen.com

www.goodgirlsgo.com

www.sunblestproducts.com

www.auctiontraders.net

www.money-au.com

Henry Sapiecha

Originally published as Richest family making $5.8m an hour


FROM OUR PARTNERS

Binge the complete season of critically acclaimed drama Lambs of God. Only on Foxtel Find out more


Sam Walton was famously frugal, allegedly only flying first class once, living in a modest home and driving a beat-up red pick-up truck.

Leave a Reply

Your email address will not be published. Required fields are marked *