Robson, Samuel “Rob” Walton is an American billionaire and the heir to Walmart’s riches, the world’s largest retailer. He is the eldest son of Helen and Sam Walton and served as Walmart’s chairman from 1992 until 2015.
Samuel Robson Rob Walton’s birthday is October 28th, and he was born in Tulsa, Oklahoma, in 1944. He is the eldest son of Sam Walton, the man who founded Walmart, and his mother’s maiden name was Walton.
Rob Walton was brought up with a large number of other heirs and heiresses to the Walton fortune, including his siblings Jim, Alice, and John – the latter of whom passed away in 2005. Rob Walton was named after his grandfather, Robert Walton.
After developing a string of thriving grocery stores all over the United States, the man who would later become Rob’s father established Walmart. The 1980s were a pivotal decade for Walmart’s rise to prominence, and at one time in his life, Sam Walton was regarded as the richest person on the face of the earth. Since then, Walmart has opened stores all over the world.
Rob Walton continued his education at the University of Arkansas after receiving his diploma from high school. Walton began his studies in 1966 and graduated with a bachelor of science degree in business administration the following year. In addition to that, he joined the Lambda Chi Alpha fraternity as a member. Rob entered Columbia Law School immediately following his graduation from the University of Arkansas, where he earned his Juris Doctor degree in 1969.
Rob Walton was offered a position at Conner & Winters, the law firm that acted as Walmart’s legal counsel, immediately following his graduation from law school. Rob Walton accepted the position. Rob left Conner & Winters after working there for a number of years in order to take a position as the senior vice president of Walmart.
He was given a position on the board of directors in the year 1982. Rob succeeded his late father as chairman of the company in 1992, just two days after his father passed away. Walton held on to this post until 2015, when he finally decided to resign down.
The Bowlen Trust, which was established in honour of Pat Bowlen, the previous owner of the Denver Broncos, said on June 6, 2022 that it has come to an arrangement with Rob Walton to sell the team to him for a price of $4.5 billion. The seven children of Pat Bowlen who are still alive will get their inheritance from the trust.
What Is Rob Walton’s Net Worth?
Rob Walton, the whose given name is S. Robson Walton but is more often known as Rob Walton, is an American businessman. He is the eldest son of Sam Walton, the man who founded Walmart. Rob Walton’s net worth is estimated to be $68 billion.
Rob Walton, who is also an heir to the Walton fortune, was Chairman of Walmart from 1992 to 2015 and was a key figure in the company’s day-to-day operations for much of that time. This sets him different from his siblings and fellow heirs, as very few of them have ever worked within the business of Walmart. This gives him an advantage over his siblings and fellow heirs. Rob has consistently ranked among the top 15 wealthiest people on the planet in recent years.
Rob got a divorce from his first wife after they had three children together, and then he remarried Carolyn Funk after some time had passed. Walton filed for divorce from Funk in the year 2000, and two years later, in 2005, Melani became his third wife. Carrie Walton Penner is certainly one of his children that has made a name for herself.
The Walton Family Foundation
According to a study that was published in 2014, Rob Walton had never made even a single personal donation to the Walton Family Foundation. The findings of the research were derived from an examination of the foundation’s tax returns spanning many decades. It is important to note this since Walmart frequently deflects criticism by emphasizing the charitable work that they conduct.
In spite of the fact that Rob is one of the most significant individuals to benefit from Walmart’s success, this article gave the impression that he does not genuinely contribute to this foundation. On the other hand, according to some other reports, he and his siblings have already committed a total of $2 billion to the foundation.
Through the Walton Family Holdings Trust and Walton Enterprises, Rob Walton holds an interest in Wal-Mart that is equivalent to thirteen percent of the company. In addition to that, he holds a stake of 25.5 percent in the Arvest Bank, which is the largest bank in Arkansas.
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Overall, this ownership position is estimated to be worth approximately $1.6 billion. Since 1992, Walton has generated around $11 billion in revenue from the selling of stock and dividends. Walton Enterprises also provides for the financial well-being of his siblings, Alice and Jim Walton.
Rob Walton is very private when it comes to discussing his personal life, and he does his best to avoid the spotlight whenever possible. Having said that, Rob is famous for the collection of classic sports automobiles that he has assembled over the years.
It has been reported that Walton is the owner of a Ferrari 250 GTO, which has an estimated value ranging from $35 million to $52 million. In addition to that, he possesses a 1965 Shelby Cobra, which has an estimated value of about $820,000.
Rob shelled out $9.19 million to purchase two parcels of land in Aspen, Colorado, in the year 2000. The property, which is located on the Roaring Fork River, was never developed by him. Rob made a profit of $30.8 million from the sale of the combined plots in June of 2022.