Rs 36961423200000 World's richest family is much richer than Mukesh Ambani, Adani, Narayana Murthy, Premji combined, their business is….
Waltons was started by brothers Sam and Bud Walton in 1962. Walmart operates 10,750 stores worldwide out of which 4,600 stores are in the US alone. It is one of the biggest retail corporations in the world.
The Walton family has once again been recognised as the richest family in the world, with a collective net worth of $432 billion. It is higher than the GDPs of Greece and Hungary combined, and even of Iran, according to Bloomberg.
The founder of the organisation was Sam Walton. He passed away in 1992 at age 72, and his brother Bud died three years later. Their legacy was carried forward by their next generation like Rob Walton, who was Walmart's chairman until 2015. Now Greg Penner who is Sam's son-in-law now leads the board.
Penner and his family have expanded the business beyond retail. In 2022, they purchased the Denver Broncos NFL team for $4.7 billion which was one of the most expensive franchise acquisitions in history.
The Waltons also have stakes in major sports franchises, due to family connections with sports icons like Stan Kroenke who is the husband of Ann Walton, Bud's daughter. It includes Premier League club Arsenal, Los Angeles Rams, Denver Nuggets, and Colorado Avalanche.
Nancy Walton Laurie, another of Bud's daughters, owns a $300 million superyacht. It was acquired from Qatari royalty and it is currently the largest yacht in the world owned by a woman.
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