As a result of his father Sam Walton’s ownership of Walmart, Samuel Robson “Rob” Walton (also known as “Rob” Walton) is an American billionaire. As chairman of Walmart from 1992 to 2015, he is the oldest son of Helen Walton and Sam Walton. He was the 18th richest person in the world as of March 2022, with an estimated net worth of US$62.0 billion. On October 28, 1944, in Tulsa, Oklahoma, Rob Walton was born, the eldest of Sam Walton’s (co-founder of Walmart; died in 1992) four children.
Jim Walton and Alice Walton are his younger siblings. John Walton, another brother, died in 2005. The University of Arkansas granted Walton a bachelor’s degree in business administration in 1966, and he was a proud member of the Lambda Chi Alpha fraternity while studying at the College of Wooster. In 1969, he graduated from Columbia Law School with a doctorate in law. Wooster College has Walton as a trustee.
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Rob Walton’s Early Life
Theodore Robson The 28th of October, 1944, saw the birth of Robert “Rob” Walton in Tulsa, Oklahoma. He is Sam Walton’s eldest son and the company’s founder. Many members of the Walton family, including Jim, Alice, and John (who died in 2005), were part of Rob’s childhood.
Walmart was created by Rob’s father following a string of successful grocery store ventures around the country. Sam Walton was once considered the richest man on the planet thanks to Walmart’s success in the 1980s. Since then, Walmart has become a global brand.
Rob Walton attended the University of Arkansas after graduating from high school. A bachelor of science in business administration was Walton’s academic credential after he began his studies in 1966. Additionally, he became a member of Lambda Chi Alpha, a fraternity on campus. Rob attended Columbia Law School after graduating from the University of Arkansas in 1969, earning his Juris Doctor.
Rob Walton’s Personal Life
Sam and Helen Walton gave birth to S. Robson Walton on October 28, 1944, in Tulsa, Oklahoma. Jim and John are his two younger brothers. Alice is his sister. He is the eldest in a family of four children. On June 27, 2005, his brother was killed in a plane tragedy. Patricia Rawlings Walton was Rob’s first wife until they split in the late 1970s, at which point he married Carolyn Funk, his second wife.
When Carolyn and Rob divorced in 2000, they had been married for more than 25 years. A trainer and basketball coach, Rob Walton met Melani Lowman Walton in college and the two fell in love and were married after only five years. Son Sam was born in 1968, daughter Carrie was born in 1970, and youngest son Ben was born in 1975 to S. Robson Walton’s first marriage.
Carrie Walton’s husband Greg Penner, the current chairman of Walmart, is the son-in-law of Walmart founder Sam Walton. There are several exotic automobiles in Rob’s collection that date back to the early 1960s. His collection includes a 1957 Ferrari 250 Testa Rossa as well as 1961 and 1965 Ferrari 250 GT SWB and Ferrari 250 GTO. He also has a 1958 Scarab MKI and 1960 Maserati T60. This is one of Rob’s most ardent interests, despite the criticism he’s received for spending millions on these autos.
Rob Walton’s Net Worth
Walmart founder Sam Walton’s eldest son is S. Robson Walton, commonly known as Rob Walton, an American businessman. It’s estimated that Rob Walton is worth $68 billion. Rob was not just a Walton heir, but he also played an important part in Walmart’s operations, serving as Chairman from 1992 to 2015. Because so few of his siblings and fellow heirs have ever worked for Walmart, he stands apart.
The #Broncos have entered into a purchase agreement to sell the team to a group led by Walmart heir Rob Walton.
Walton will become the richest owner in the NFL with a net worth of over $57 billion. pic.twitter.com/sU7UQD1xYx
— Ari Meirov (@MySportsUpdate) June 8, 2022
Rob has risen to prominence as one of the world’s top 15 wealthiest individuals in recent years. Although he has an enormous fortune, Rob Walton keeps a low profile and only conducts interviews on rare occasions. As a result, little is known about his private life. Many of the Walton dynasty’s other heirs share this trait.
Did Walton Buy The Broncos?
It’s official: the Waltons have won the bidding to buy the Denver Broncos in a deal that will be the most costly sports franchise purchase in the history of the planet. New owner Carrie Walton Penner, her husband Greg Penner, and Rob Walton’s daughter Carrie have agreed to buy the Denver Broncos from their current owners late Tuesday night.
KUSA-TV in Denver stated that the sale was for $4.65 billion, but the terms of the deal were not made public. The price tag is much higher than the $3.1 billion sold last month to an American-led group led by Los Angeles Dodgers part-owner Todd Boehly for one of Europe’s top soccer teams. When the time for bids on the Broncos passed on Monday, it was claimed that Boehly was one of the investors with a finalist bid.
Rob Walton’s Wealth Details
The Walton Family Holdings Trust and Walton Enterprises hold a 13 percent share in Wal-Mart, which is owned by Rob Walton. He also holds a 25.5 percent ownership in Arvest Bank, the largest bank in Arkansas. The total value of this ownership holding is around $1.6 billion. Since 1992, Walton’s stock sales and dividends have totaled roughly $11 billion. Among Walton Enterprises’ beneficiaries are his siblings, Alice and Jim Walton.
Rob Walton’s Career
For more than 50 years, he has served as a trustee and an alum of The College of Wooster, where he received a bachelor’s of science degree in business administration in 1966. Rob was a member of the Lambda Chi Alpha fraternity while attending college. The Tulsa law firm, Conner & Winters, represented Wal-Mart in 1969 when he graduated from Columbia Law School with a Juris Doctorate degree. Rob was involved in preparing Walmart’s initial public offering in October 1970 while working at the firm.
He worked at the company until 1978 when he left to join Walmart as a senior vice president. To begin looking at expanding into other nations, Robert urged his father to do so in the mid-80s. It was in 1982 that he was promoted to vice chairman and began working to improve vendor sustainability and visibility so that customers could better understand where the products they bought came from.
Aside from that, Rob advised Walmart to source more locally, especially food grains and vegetables, to assure freshness for customers and to help American farmers earn higher wages. On April 7, 1992, two days following Sam Walton’s death, he took over as chairman of Walmart, a post he held until his retirement in 2015.
A “good terrific for you” sticker was introduced by Walmart under his leadership in order to educate their customers and assist them in making an informed purchase decision. An educational and training program for young people who want to work in the retail industry was also set up and funded by the corporation.
The Walton Family Foundation
According to a report released in 2014, Rob Walton had made zero donations to the Walton Family Foundation on his own dime. According to the article, the foundation’s tax returns were studied for decades. In order to deflect criticism, Walmart frequently highlights its charitable endeavors, thus this is essential. It appears that Rob isn’t actually giving to this foundation, despite being one of Walmart’s greatest beneficiaries. Other stories, on the other hand, claim that he and his siblings have pledged $2 billion to the foundation.
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