Bloomberg Billionaires Index

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

#18 Rob Walton $40.5B

Random fact: Took a sabbatical to train for the Ironman Triathlon in Hawaii.

Overview

Walton is a former chairman of Walmart, 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. Walmart had revenue of $500 billion in the year to Jan. 31, 2018.

As of May 26, 2018:
Last change -$173M (-0.4%)
YTD change -$6.11B (-13.1%)
Industry Retail
Biggest asset WMT US Equity
Citizenship United States
Age 73
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Rob Walton's net worth of $40.5B can buy ...

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troy ounces of gold
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barrels of crude oil

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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
Public asset
Misc. liabilities
Confidence rating:

The majority of Walton's fortune is derived from Walmart, the world's largest retailer, according to its website. The shares are owned through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises. Share information is based on the company's 2018 proxy and Form 4 filings. The analysis credits him with 13 percent of the business, based on an assumption that co-founder Sam Walton split the shares he owned equally among his four children -- Rob, Alice, Jim and John.

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 $1.8 billion, according to a Dec. 31, 2017, filing to the Federal Deposit Insurance Corporation. The valuation is based on the average price-to-book value multiple of three publicly traded peers: First Midwest Bancorp, MB Financial and UMB Financial. PrivateBancorp was removed as a peer on Aug. 1, 2017, to reflect its delisting after it was bought by Canadian Imperial Bank of Commerce.

Since 1992, Walton has collected more than $9 billion from stock sales and dividends, based on an analysis of Bloomberg data as of May 2018. The value of his cash investments is based on an analysis of those proceeds, as well as taxes, market performance and family investments.

Kiki McLean, a spokeswoman for the Walton family, declined to comment on the net worth calculation.

Biography

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

Rob is the oldest son of Sam Walton, who opened his first Walmart retail store in Rogers, Arkansas, in 1962. At the time of his death 30 years later, Sam had turned Walmart 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 Walmart 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, Walmart's outside counsel.
  • 1978 Goes to work for father, becoming a senior vice president at Walmart.
  • 1982 Appointed as vice chairman of Walmart.
  • 1985 Takes a one-year sabbatical to train for Ironman Triathlon in Hawaii.
  • 1992 Becomes Walmart chairman.
  • 2005 Marries third wife, a former All-American basketball player.