Walton Heirs Break the $100 Billion Barrier as Walmart Stock Hits Record High

The Walton family, long associated with immense wealth through their ties to Walmart, the world’s largest retailer, has reached a new milestone. For the first time, two Walton heirs have surpassed the $100 billion mark in net worth, with a third sibling close behind. This surge in wealth comes as Walmart’s stock continues to hit all-time highs, having steadily risen over the past month.

Jim Walton, the 76-year-old youngest son of Walmart founder Sam Walton, leads with a fortune of $102.6 billion. His older brother, Rob Walton, 79, follows closely with $100.4 billion. Meanwhile, their sister Alice Walton, 74, is just shy of the twelve-figure mark, with $99.7 billion.

The Waltons, whose combined wealth now exceeds $350 billion, have long ranked among the world’s richest families. Each sibling has added nearly $30 billion to their fortunes this year alone.

Historically, the family has been discreet about their vast fortune, but recently they’ve begun investing heavily in various ventures. In 2022, Rob Walton made headlines by purchasing the NFL’s Denver Broncos for a record $4.65 billion, outbidding other billionaires. The family has also been transforming their hometown of Bentonville, Arkansas, into a hub for arts and outdoor recreation.

Walmart’s stock has surged 53% this year, bolstered by the company’s strong e-commerce growth. As middle-class consumers seek to manage their budgets, Walmart has attracted a growing customer base. The retailer recently raised its sales forecast for the year and is expanding its online marketplace with third-party sellers, positioning itself to compete more aggressively with rivals like eBay and Amazon.

Despite their immense wealth, none of the three heirs are currently involved in Walmart’s day-to-day operations, nor do they hold seats on the company’s board. Rob Walton, who served the longest on Walmart’s board, retired earlier this year. Jim Walton serves as chairman of Arvest Bank Group, a regional bank founded by the family with more than 260 branches across three states. Alice Walton, known for her passion for art, recently overtook L’Oreal heiress Francoise Bettencourt Meyers to become the world’s richest woman.

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