The eldest son of Walmart founder Sam Walton, Rob Walton inherited his fortune and served as Walmart’s chairman for 23 years. Now worth $57.2 billion, he is the 15th richest person in America and the fifth richest U.S. heir.
shock ran through the sporting world last week when a group led by Walmart heir Rob Walton won the bidding war for the Denver Broncos NFL team. The eye-popping sum made the deal the most expensive sports team purchase in history and turned a spotlight on the man at the center of it all: the typically low-profile Walton. The eldest son of Walmart founder Sam Walton, he inherited his fortune and served as Walmart’s chairman for 23 years. Now worth $57.
A handful of Rob Walton’s relatives are among America’s richest people as well. Founded in 1962 by Sam and his brother James “Bud” Walton, Walmart, the country’s largest retailer, is still about half owned by members of the family. Seven have fortunes of $10 billion or more, including Sam Walton’s three living children–Rob, Jim and Alice—and grandson Lukas. list of the country’s richest people, though many billionaire heirs hail from just a handful of companies.
Other businesses where the spoils of success have trickled down the generations include the Wisconsin-based cleaning products manufacturer SC Johnson–known for brands like Windex, Off and Pledge–and Mars, the candy and pet food empire started by Frank Mars in 1911. The four great-great-grandchildren of Samuel Curtis Johnson–H. Fisk Johnson, Helen Johnson-Leipold, S. Curtis Johnson and Winifred J. Marquart–collectively own a majority of the private company and are worth an estimated $3.
Together the country’s 20 richest billionaire heirs are worth $568 billion. That’s about 13.5% of the $4.2 trillion in wealth of all 701 U.S. billionaires, according to
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