What is Rob Walton Net Worth 2024: Sources of Wealth, Income/Salary & More

What is Rob Walton Net Worth 2024 Sources of Wealth, IncomeSalary and More

At WorldOfCEOs, we dive into the wealth and influence of Rob Walton, one of the world’s richest individuals. As a pivotal figure in Walmart’s success, Rob Walton net worth in 2024 is a testament to his financial acumen and family legacy. Let’s check!

Quick Facts

Real NameSamuel Robson Walton
Popular NameRob Walton
Birth DateOctober 28, 1944
Age79 years old
ParentsSam Walton, Helen Walton
SiblingsAlice Walton, Jim C. Walton, John Walton (deceased)
BirthplaceTulsa, Oklahoma, USA
EducationUniversity of Arkansas, Columbia Law School
Marital StatusMarried
Sexual OrientationHeterosexual
Wife/SpouseMelani Lowman Walton
Net Worth$83.5 billion
Source of WealthWalmart, Investments

What is the Net Worth Of Rob Walton 2024?

What is the Net Worth Of Rob Walton 2024

According to public sources like Forbes & others, Rob Walton’s net worth is estimated at around $83.5 billion as of 2024, positioning him among the world’s financial elite. This places him close to other key family members:

  • Jim C. Walton, who holds a net worth of $84.9 billion.
  • Alice Walton, whose wealth is estimated at $78.7 billion.
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Compared to Lukas Walton at $30.2 billion, Rob Walton’s fortune underscores his significant stake and influence in Walmart, the world’s largest retailer, and his diverse investment portfolio, including his ownership of the Denver Broncos.

Rob Walton Finance Overview

Rob Walton Finance Overview

Role in Walmart

Rob Walton, as the eldest son of Walmart founder Sam Walton, has been instrumental in the growth of Walmart.

After his father’s death in 1992, Rob took the helm as chairman, guiding the company through significant expansions and innovations for 23 years.

Walmart continues to be the world’s largest retailer, with a revenue of $648.1 billion for the year ending January 31, 2024.

The Walton family, including Rob, holds about half of the company’s stock through Walton Enterprises and the Walton Family Holdings Trust.

His leadership and strategic decisions have maintained Walmart’s dominance in the retail sector and significantly impacted his net worth.

Family Wealth and Holdings

The Walton family’s collective fortune, derived primarily from their Walmart shares, places them among the wealthiest families in the world.

Rob Walton’s personal wealth is intricately linked to the family’s holding, which is managed through Walton Enterprises.

The Walton Family Holdings Trust is another key vehicle, ensuring the family retains significant control over Walmart.

Apart from Walmart, Rob Walton’s wealth is diversified into other significant assets, including a 25.5% stake in Arvest Bank, the largest bank in Arkansas, valued at about $1.8 billion.

This diversification highlights the family’s prudent financial strategies, balancing their retail investments with financial services and other sectors.

Investments and Business Ventures

Rob Walton has diversified his investments beyond Walmart. In June 2022, he made headlines by leading a group to purchase the Denver Broncos for a record $4.65 billion.

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This venture into sports franchise ownership not only diversifies his investment portfolio but also cements his influence in the sports industry.

Walton’s stake in Arvest Bank further showcases his financial acumen, where he holds a significant 25.5% interest.

His involvement in various other business ventures reflects a strategic approach to managing and growing his wealth, ensuring it is not overly dependent on a single industry.

Philanthropy and Social Contributions

Rob Walton’s philanthropic endeavors are equally notable. Through the Walton Family Foundation, where his daughter Carrie Walton Penner plays an active role, Rob has been a significant benefactor in numerous social causes.

The foundation, established in 1987, focuses on improving education, fostering economic development, and enhancing the environment.

Walton’s contributions have had a far-reaching impact, from supporting educational initiatives to promoting sustainable practices. His philanthropic efforts underscore a commitment to giving back, balancing his immense wealth with substantial social contributions.

Personal Life and Interests

Rob Walton’s life extends beyond boardrooms and balance sheets. He has a keen interest in vintage automobiles, a hobby that complements his status as a billionaire.

Walton’s personal life includes playing football during his college years at the University of Arkansas and an adventurous spirit that once led him to take a sabbatical for an Ironman Triathlon in Hawaii.

Married three times, his current spouse is Melani Lowman Walton, and together they reside in Bentonville, Arkansas.

Walton’s personal pursuits and family life provide a richer context to his financial narrative, showing a man who values both professional success and personal fulfillment.

Looking ahead, Rob Walton’s financial future appears promising. The continued success of Walmart, combined with strategic investments in various sectors, suggests that his wealth will likely grow.

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As Walmart adapts to changing retail landscapes and the Walton family continues to diversify their investments, Rob Walton’s net worth is expected to remain robust, reinforcing his status as a leading figure in the world of billionaires.

Social Media Accounts

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  • Twitter (N/A)
  • Instagram (N/A)
  • YouTube (N/A)

FAQs about Rob Walton

FAQs about Rob Walton

Who is Rob Walton?

Rob Walton is the eldest son of Walmart founder Sam Walton. He has played a significant role in Walmart’s growth, serving as its chairman for over two decades and helping shape the retail giant into a global powerhouse.

What was Rob Walton’s role at Walmart?

Rob Walton served as the chairman of Walmart from 1992 to 2015. During his tenure, he oversaw significant expansions and strategic decisions that cemented Walmart’s position as the world’s largest retailer.

What is Rob Walton’s educational background?

Rob Walton graduated from the University of Arkansas with a bachelor’s degree in business administration. He later earned a Juris Doctor degree from Columbia Law School.

What are Rob Walton’s philanthropic activities?

Rob Walton is actively involved in philanthropy through the Walton Family Foundation. His initiatives focus on education, environmental sustainability, and economic development.

What companies does Rob Walton own or invest in?

Besides his significant stake in Walmart, Rob Walton is involved in various investments through WIT LLC, his family’s investment arm. He also has interests in the Walton Enterprises, a private holding company for the Walton family.

Where does Rob Walton live?

Rob Walton resides in Bentonville, Arkansas, like many members of the Walton family. He lives a relatively private life despite his substantial public profile and wealth.

What are Rob Walton’s interests outside business?

Outside of business, Rob Walton is known for his passion for classic cars and motorsports. He often participates in racing events and has an extensive collection of vintage automobiles.

In Summary

Rob Walton’s net worth is not just a reflection of his financial success but also a symbol of his influence in the retail world and beyond. At WorldOfCEOs, we provide you with the latest insights and detailed analyses of the financial lives of the world’s most prominent figures.

For more information, visit worldofceos.com and explore our comprehensive content on other influential leaders and their financial journeys!

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