Waltons Grow Richer Than Ever With Recession-Resilient Walmart
- World’s 500 wealthiest people have lost $805 billion this year
- Amazon’s Jeff Bezos, Zoom’s Eric Yuan among those with gains
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The fortunes of the Walton family -- the pioneers of American bargain shopping -- have reached new heights during a pandemic that has otherwise obliterated trillions of dollars of value across global markets.
The combined net worth of siblings Alice, Jim and Rob Walton has climbed 2.6% this year to $165.7 billion as recession-wary shoppers flock to Walmart Inc. stores to stock up on pantry staples. The retailer’s shares jumped 6.1% through Monday, compared with an 18% drop for the S&P 500 Index.