Walton Family Net Worth Jumps $28 Billion

247wallst
2025.09.02 13:15
portai
I'm PortAI, I can summarize articles.

The net worth of the Walton family, heirs of Walmart founder Sam Walton, has increased by nearly $28 billion this year, reaching a total of $359 billion. This rise is attributed to a long-term trend in Walmart's stock, which has surged 26% over the past year. Walmart's market cap stands at $774 billion, with the family owning 45% of the company. Despite concerns about competition from Amazon, Walmart's revenue has grown, with a 4.8% increase in the last quarter. The family is transitioning control to the next generation, granting voting rights over their wealth.