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Walmart founder Sam Walton and his wife Helen, on their wedding day, February 14, 1943. At the time, Sam was a management trainee with the J.C. Penney Company. Photo: Courtesy of Walmart
He left his ownership in Walmart to his wife and their children: Rob Walton succeeded his father as the Chairman of Walmart, and John Walton was a director until his death in a 2005 plane crash. The others are not directly involved in the company (except through their voting power as shareholders), however his son Jim Walton is chairman of ...
When Sam Walton died in 1992, he left his ownership in Wal-Mart to Helen and their four children. In 2002, as Helen Walton was the president of the Walton Family Foundation, a $300 million donation was made to the University of Arkansas, the biggest donation ever made to a public university in the United States. [5]
In September 2024, Alice Walton had a net worth of $88.9 billion, making her the 18th-richest person and the richest woman in the world. [11] The Walton family fortune is broken down as such, as of February 2025: Jim Walton, $117.7 billion [12] S. Robson Walton, $119 billion [13] Alice Walton, $109.8 billion [14] Lukas Walton, $40.9 billion [15]
In public, the Waltons live a pretty modest life despite their wealth. Here's how they spend their fortune.
Sam Walton founded Walmart in 1962 and Sam’s Club in 1983. His model was “low prices and great services,” as inspired by the dime store he once owned, according to company materials.
He and Carolyn filed for divorce in 2000. He married his third wife Melani Lowman-Walton in 2005. [9] [16] [17] His children include Carrie Walton Penner. In 2022, due to a decline in Walmart's share price, Rob and his siblings lost more than $27 billion. [18] Walton is a well-known collector of automobiles. [19]
The Walton family is worth more than $330 billion, dwarfing Elon Musk's $237 billion fortune. They owe some of their wealth to a savvy decision by Walmart founder Sam Walton over 70 years ago.