Rob Walton Biography, Salary, Assets, Income, and More in 2022

Robson, Samuel “Rob” Walton (born October 28, 1944) is an American billionaire heir to Walmart’s riches as the world’s largest retailer. He is the majority owner of the Denver Broncos football team. He is Helen Walton’s and Sam Walton’s eldest son, and he served as Chairman of Walmart from 1992 until 2015. Walton had a net worth of $62.0 billion as of March 2022, making him the 18th richest person on the planet. 

Facts about Rob Walton:

Rob Walton’s Net Worth:

S. Robson Walton, known professionally as Rob Walton, is an American businessman and the eldest son of Sam Walton, the founder of Walmart. Rob Walton is a billionaire with a net worth of $68 billion. In addition to being a Walton heir, Rob Walton was a crucial figure in the Walmart corporation, serving as Chairman from 1992 to 2015. This distinguishes him from his siblings and fellow heirs, as only a few of them have ever worked for Walmart. Rob was recently ranked among the world’s top 15 wealthiest persons. Rob Walton keeps a low profile and rarely conducts interviews despite his enormous wealth. As a result, little is known about his personal life. In this way, many of the other Walton heirs are similar.

Rob Walton Early Life

Robson, Samuel “Rob” Walton was born in Tulsa, Oklahoma, on October 28, 1944. He is Sam Walton’s eldest son and the company’s founder. Rob was reared with several other Walton heirs and heiresses, including siblings Jim, Alice, and John, the latter of whom died in 2005.

After developing a series of successful grocery businesses around the United States, Rob’s father launched Walmart. During the 1980s, Walmart grew enormously influential, and Sam Walton was once considered the wealthiest man. Since then, Walmart has expanded all over the world.

Rob Walton attended the University of Arkansas after graduating from high school. Walton obtained a bachelor of science in business administration after entering in 1966. He was also initiated into the Lambda Chi Alpha fraternity. Rob attended Columbia Law School after graduating from the University of Arkansas and received his Juris Doctor degree in 1969.

Rob Walton’s Career

After getting his law degree, Rob Walton was offered the opportunity to work for Conner & Winters, a law firm that represented Walmart. After several years of legal practice, Rob left Conner & Winters to join Walmart as a senior vice president. He was named to the board of directors in 1982. Rob succeeded his father as Chairman two days following his father’s death in 1992. Walton held this post until 2015 when he stepped down.

The Bowlen Trust (named after former team owner Pat Bowlen) announced on June 6, 2022, that it had reached an agreement to sell the Denver Broncos to Rob Walton for $4.5 billion. The trust’s beneficiaries are Pat Bowlen’s seven surviving children.

Family Foundation:

Rob Walton made no personal contributions to the Walton Family Foundation, according to a 2014 report. The investigation was based on a detailed review of the foundation’s tax returns spanning several years. This is important because Walmart typically deflects criticism by highlighting its charitable endeavors.

Despite being one of the most critical contributors to Walmart’s success, this study suggested that Rob is not donating to this foundation. According to some reports, he and his siblings have given $2 billion to the group.

Rob Walton owns a 13% stake in Wal-Mart through the Walton Family Holdings Trust and Walton Enterprises. He also owns 25.5 percent of Arvest Bank, Arkansas’ largest bank. This ownership holding is worth $1.6 billion in total. Walton has made over $11 billion in stock sales and dividends since 1992. His siblings, Alice and Jim Walton benefit from Walton Enterprises as well.

Rob Walton’s Family Background

On October 28, 1944, Rob Walton was born in Tulsa, Oklahoma, to Sam Walton (1918–1992), creator of Walmart, and Helen Walton (1919–2007), the oldest of four children. Jim Walton, his younger brother, and Alice Walton, his younger sister, are his siblings. John Walton, another brother, died in 2005.

Rob Walton’s relationship status

Rob divorced his first wife and remarried Carolyn Funk after having three children with her. Walton married his third wife Melani in 2005 after Funk and Walton split in 2000, and Carrie Walton Penner is maybe his most famous child.

Rob Walton’s Background in Education

Walton attended The College of Wooster and earned a bachelor’s degree in business administration from the University of Arkansas in 1966. He was a member of the Lambda Chi Alpha fraternity. In 1969, he graduated from Columbia Law School with a Juris doctorate. Walton is also a trustee of Wooster College.

Faqs:

What does Rob Walton have in his possession?

Robson, Samuel “Rob” Walton (born October 28, 1944) is an American billionaire heir to Walmart’s riches as the world’s largest retailer.

Do the Broncos belong to Walmart?

According to a report, the Broncos have agreed to a record sale to a group led by Walmart Heir. The Broncos announced Tuesday night that Rob Walton, Carrie Walton Penner, and Greg Penner had struck a deal to purchase the franchise in its entirety.

What is Walmart’s market value?

Walmart’s market capitalization fluctuates with the stock price. The company’s total value was $403.18 billion in March 2022, down from $410.35 billion in 2021 and $407.84 billion in 2020, but much higher than $337.16 billion in 2019 $270.62 billion in 2018.

How much money does Rob Walton have?

He has a net worth of 68 billion dollars.

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