The Walton family has a collective fortune that makes them the richest family in the USA, and the richest non-royal family in the world.
As heirs to the world's largest retailer, Walmart, the seven heirs of the founding brothers Sam Walton and James "Bud" have breathtaking bank balances. So who are the richest family and how much are they worth?
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Walmartwas founded in Rogers, Arkansas, by the Walton brothersin 1962. By the end of the decade, there wasa chain of 18 Walmart stores in Arkansas, Missouri and Oklahoma.
The strategy for growth was built on the foundation of "the lowestprices, anytime, anywhere,"and in 1969 the company reported annual sales of $30.8 million.
Walmart founders Sam and Bud Walton
The 1970s saw Walmart go national along with expanding the product lines on offer to include pharmacy, car care and jewelry. By 1979, Walmart became the first company to reach $1 billion in sales in such a short time.
By 1983 Walmart earned$4.7 billion in annual sales, and by 1989, Walmart had grown to 1,528 stores, employed275,000 associates and hadannual sales of nearly $26million.
At the end of the 1990s, after much national and international store expansion, Walmart became the world's largest private employer with a totalof 1,140,000 associates.
Growth and expansion continued into the new century and Walmart became the first company to take the Fortune 500 number-one ranking of America's largest companies in 2002.
Skip forward to2014 and Walmart ended the fiscal year with a total of 10,942 stores, 6,107 of which wereinternational, it employed 2.2. million associates and reportedannual sales of $473 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 60.57 | -0.30 | -0.49% |
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Today Walmart has 11,766 stores throughoutthe world with fiscal year 2019 revenue of $514.4 billion and over 1.5 million U.S. associates.
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A photograph of Wal-Mart founder Sam Walton and his family is displayed at the Wal-Mart museum, March 17, 2005, in Bentonville, Arkansas. The museum was built in Walton's first store in downtown Bentonville in 1950. (Gilles Mingasson/Getty Images)
After founder Sam Walton died on April 5, 1992, and his brother Bud followedin March 21, 1995, the Walmart wealth was left to the seven heirs.
Jim Walton, son of founder Sam,has a net worth of$52 billion
Alice Walton, daughter of founder Sam, has a net worth of $51.8 billion
S. Rob Walton, son of Sam Walton, has a net worth of $51.6 billion
Lukas Walton, grandson of Sam, has a net worth of $17.8 billion
Christy Walton(widow ofJohn T. Walton, son of Sam Waltonand mother of Lukas)has a net worth of $8.5billion
Ann Walton Kroenke, daughter of co-founder Bud, has a net worth of $7.6 billion
Nancy Walton Laurie,daughter of co-founder Bud, has a net worth of $6.7 billion
If you combine each of these family members' fortunes, the Walton's net worth is around $196 billion.
