Walton Family Foundation
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Walton Family Foundation

Sam Walton, founder of Walmart

The Walton family is an American family, whose collective fortune makes them the richest family in the United States of America[1] and the richest non-royal family in the world.[2][3] The majority of their wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of the world's largest retailer, Walmart. The three most prominent living members (Jim, Rob and Alice) have consistently been in the top twenty of the Forbes 400 since 2001, as were John (d. 2005) and Helen (d. 2007) prior to their deaths. Christy Walton took her husband John's place in that ranking after his death.

As of December 2014, the Waltons collectively owned 50.8 percent of the company.[4] In 2018, the family sold some of their Walmart stock and now owns just under 50%.[5] In October 2019, the annual Sunday Times Rich List indicated the Walton family's wealth is at $US201.4 billion.[6]

Walton Family Foundation

In 1987, Sam Walton endowed a charitable foundation; it was primarily focused on charter schools, but also extended its program to include environmental issues particularly around water.[7]

In 2016, Alice and Jim Walton put a $250 million grant to aid the building of charter school facilities, in honour of their parents' commitment to providing high-quality education[Source needed]. The Walton Family Foundation has set up the Building Equity Initiative to provide charter schools with access to capital to create and expand their facilities.[8] This initiative has been established after, earlier in 2016, the foundation announced that it will spend $1 billion over the next five years to expand "educational opportunity", by partnering with charter school operators, researchers and education reformers.[9]

Walton family fortune

The Walton family fortune breaks down as follows:

References

  1. ^ Hanbury, Mary (August 16, 2018). "MEET THE WALTONS: How America's wealthiest family spends its Walmart fortune". Business Insider. Retrieved 2018.
  2. ^ Bryan Rich. "Christy Walton & family". Forbes. Retrieved 2016.
  3. ^ Jerin Mathew (July 2, 2015). "Walton family are richest in the US with $149bn net worth - Forbes". International Business Times UK. Retrieved 2016.
  4. ^ "Wal-Mart says Walton family to sell shares to keep lid on stake". Reuters. April 11, 2015.
  5. ^ Souza, Kim (August 23, 2018). "Walton family reduces stock". Retrieved 2019.
  6. ^ "Sunday Times Rich List". thesundaytimes.co.uk.
  7. ^ "Inside the Walton Family Foundation's "Unprecedented" Giving for the Colorado River". Inside Philanthropy. Retrieved 2019.
  8. ^ Sullivan, Maureen. "Why Is The Walton Family Foundation Putting Another $250 Million Into Charter Schools?". Forbes. Retrieved 2019.
  9. ^ Sullivan, Maureen. "Walton Family Foundation Aims To Bolster Charter Schools With $1 Billion In Grants". Forbes. Retrieved 2019.
  10. ^ "Jim Walton". Forbes.
  11. ^ "Alice Walton". Forbes.
  12. ^ Bartie Scott. "S. Rob Walton". Forbes. Retrieved 2016.
  13. ^ "Lukas Walton". Forbes.
  14. ^ Morgan Brennan. "Christy Walton". Forbes. Retrieved 2016.
  15. ^ "Ann Walton Kroenke". Forbes. Retrieved 2018.

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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