Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#16 Rob Walton $37.7B

Random fact: Has a collection of vintage automobiles, including a 1970 Lotus.

Overview

Walton is a former chairman of Wal-Mart, the world's largest retailer. He held the role for 23 years after the death of his father and company founder, Sam Walton, in 1992. He's also a co-owner of Walton Enterprises, the retailer's biggest shareholder. Wal-Mart had revenue of $486 billion in the year to Jan. 31, 2017.

As of July 20, 2017:
Last change +$83.8M (+0.2%)
YTD change +$3.35B (+9.7%)
Industry Retail
Biggest asset WMT US Equity
Citizenship United States
Age 72
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Rob Walton's net worth of $37.7B can buy ...

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troy ounces of gold
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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

The majority of Walton's fortune is derived from his calculated 13 percent stake in Wal-Mart, according to a Bloomberg analysis. The shares are owned through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises, which has four beneficiaries: Rob, Alice Walton, Jim Walton and the estate of John Walton. Share information is based on the company's 2017 proxy and Form 4 filings.

He also owns a 25.5 percent stake in Arvest Bank, the largest bank in Arkansas, according to a December 2010 filing to the Federal Reserve Bank of St. Louis. Arvest has a book value of about $1.7 billion, according to a Dec. 31, 2016, filing with the Federal Deposit Insurance Corporation. The valuation is based on the average price-to-book value multiple of four publicly traded peers: First Midwest Bancorp, MB Financial, PrivateBancorp and UMB Financial.

Since 1992, Walton has collected about $7 billion in stock sales and dividends. The value of his cash investments is based on an analysis of his dividends, insider transactions, taxes, market performance and family investments.

Lance Morgan, a spokesman for the Walton family at Powell Tate PR, declined to comment on the net worth calculation.

Biography

Birthdate: 10/28/1944
Family: Married, 3 children
Education: 1969, The FU Foundation School of Engineering & Applied Science, JD University of Arkansas at Little Rock, Business Administration, Bachelor's Degree

Rob is the oldest son of Sam Walton, who opened his first Wal-Mart retail store in Rogers, Arkansas, in 1962. At the time of his death 30 years later, Sam had turned Wal-Mart into the world's largest retailer, with almost 2,000 stores and $44 billion in annual sales.

Rob played football for the College of Wooster in Ohio before earning a bachelor's degree from the University of Arkansas and a law degree from Columbia University. He became a senior vice president of Wal-Mart in 1978 and was appointed vice chairman in 1982. Two days after his father's death in 1992, he took over as chairman, a position he has held ever since. Walton is a collector of vintage automobiles and has been married three times.

Milestones
  • 1944 Was born in Tulsa, Oklahoma, to Sam and Helen Walton.
  • 1966 Graduates from the University of Arkansas.
  • 1969 Starts working for Conner & Winters, Wal-Mart's outside counsel.
  • 1978 Goes to work for father, becoming a senior vice president at Wal-Mart.
  • 1982 Appointed as vice chairman of Wal-Mart.
  • 1985 Takes a one-year sabbatical to train for Ironman Triathlon in Hawaii.
  • 1992 Becomes Wal-Mart chairman.
  • 2005 Marries third wife, a former All-American basketball player.