The Walton family could see nearly $12 billion added to their overall wealth after Walmart’s stock shot up 10% Thursday. This brings the Walton family’s total net worth up to $163.2 billion according to the Bloomberg. Walmart saw its stock rise from a combination of e-commerce and traditional grocery retail.
The family’s wealth is distributed between Walmart co-founder Sam Walton’s heirs – Jim Rob and Alice Walton – who are worth $42.1 billion and $43.8 billion respectively. Sam Walton’s grandson Lukas Walton worth $15.3 billion as well as two other family members, Christy Walton at $6.89 billion and Nancy Walton Laurie at $4.66 billion.
DeRon Beasley is the founder and Editor-in-Chief of FreshAsFrankie.com. After starting out as a musician-producer he went on to study the music business and work in Urban Promotions, followed by artist management. Mr. Beasley entrepreneurial spirit has led him to launch numerous businesses in music and fashion marketing. He’s a huge fan of the ’80s and ’90s Hip Hop and R&B, and he’s a firm believer that Hip Hop Music will never die.