| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $74 billion | N/A | October 27th, 1944 | Tulsa, Oklahoma | Male | N/A | Businessman | American |
What is Rob Walton’s Net Worth?
Rob Walton, whose full name is S. Robson Walton, is an American businessman with an estimated net worth of $74 billion. He is the eldest son of Sam Walton, the founder of Walmart. Rob Walton has played a significant role in the operation of the Walmart business, serving as Chairman from 1992 to 2015.
Highlights
– Rob Walton’s net worth is $74 billion.
– He is the eldest son of Sam Walton, the founder of Walmart.
– Rob Walton played a central role in the operation of Walmart and served as Chairman from 1992 to 2015.
– He is one of the 15 richest people in the world.
– Rob Walton leads a quiet life and rarely gives interviews.
Early Life
Rob Walton was born on October 27th, 1944, in Tulsa, Oklahoma. He grew up alongside his siblings, including Jim, Alice, and John. His father, Sam Walton, founded Walmart and built a successful business empire. Rob Walton attended the University of Arkansas, where he earned a bachelor’s degree in business administration. He then pursued a Juris Doctor degree at Columbia Law School.
Career
After completing his education, Rob Walton worked for a law firm that represented Walmart, called Conner & Winters. He later joined Walmart as the senior vice president and was appointed to the board of directors in 1982. Following his father’s death in 1992, Rob Walton took over as Chairman of Walmart, a position he held until 2015.
Personal Life
Rob Walton has been married three times. He had three children with his first wife before divorcing her. He then married Carolyn Funk, but they divorced in 2000. In 2005, Rob Walton married his third wife, Melani. One of his notable children is Carrie Walton Penner.
Net Worth Over Time
Rob Walton’s net worth has seen significant growth over the years. As the heir to the Walmart fortune and his involvement in the business, his wealth has accumulated substantially. As of now, his net worth stands at $74 billion.
Components of Net Worth
Rob Walton’s net worth consists primarily of his ownership stake in Walmart. He owns a 13 percent stake in the company through the Walton Family Holdings Trust and Walton Enterprises. Additionally, he holds a 25.5 percent stake in Arvest Bank, the largest bank in Arkansas. These ownership stakes contribute significantly to his overall net worth. He has also earned approximately $11 billion from stock sales and dividends since 1992.
In terms of assets, Rob Walton is known for his collection of vintage sports cars. Some notable cars in his collection include a Ferrari 250 GTO, worth up to $52 million, a 1965 Shelby Cobra valued at around $820,000, a Ferrari 250 LM worth $14.6 million, and a Ferrari 250 GT SWB valued at $4.1 million. He has also made substantial real estate investments, including the purchase of land in Aspen, Colorado, which he sold for a significant profit later on.
Despite his immense wealth, Rob Walton leads a private and quiet life. He rarely grants interviews or shares personal details, making him a relatively low-profile billionaire within the Walton family.