The Walton family is an American family, whose collective fortune makes them the richest family in the United States of America and the richest non-royal family in the world. The majority of their wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of the world's largest retailer, Walmart. The three most prominent living members (Jim, Rob and Alice) have consistently been in the top twenty of the Forbes 400 since 2001, as were John (d. 2005) and Helen (d. 2007) prior to their deaths. Christy Walton took her husband John's place in that ranking after his death.
As of December 2014, the Waltons collectively owned 50.8 percent of the company. In 2018, the family sold some of their Walmart stock and now owns just under 50%. In October 2019, the annual Sunday Times Rich List indicated the Walton family's wealth is at $US201.4 billion.
Walton Family Foundation
In 2016, Alice and Jim Walton put a $250 million grant to aid the building of charter school facilities, in honour of their parents' commitment to providing high-quality education. The Walton Family Foundation has set up the Building Equity Initiative to provide charter schools with access to capital to create and expand their facilities. This initiative has been established after, earlier in 2016, the foundation announced that it will spend $1 billion over the next five years to expand "educational opportunity", by partnering with charter school operators, researchers and education reformers.
Walton family fortune
The Walton family fortune breaks down as follows:
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- Bryan Rich. "Christy Walton & family". Forbes. Retrieved May 10, 2016.
- Jerin Mathew (July 2, 2015). "Walton family are richest in the US with $149bn net worth – Forbes". International Business Times UK. Retrieved May 10, 2016.
- "Wal-Mart says Walton family to sell shares to keep lid on stake". Reuters. April 11, 2015.
- Souza, Kim (August 23, 2018). "Walton family reduces stock". Retrieved September 30, 2019.
- "Sunday Times Rich List". thesundaytimes.co.uk.
- "Inside the Walton Family Foundation's "Unprecedented" Giving for the Colorado River". Inside Philanthropy. Retrieved May 31, 2019.
- Sullivan, Maureen. "Why Is The Walton Family Foundation Putting Another $250 Million Into Charter Schools?". Forbes. Retrieved August 1, 2019.
- Sullivan, Maureen. "Walton Family Foundation Aims To Bolster Charter Schools With $1 Billion In Grants". Forbes. Retrieved August 1, 2019.
- "Jim Walton". Forbes.
- "Alice Walton". Forbes.
- Bartie Scott. "S. Rob Walton". Forbes. Retrieved May 20, 2016.
- "Lukas Walton". Forbes.
- Morgan Brennan. "Christy Walton". Forbes. Retrieved May 20, 2016.
- "Ann Walton Kroenke". Forbes. Retrieved March 1, 2018.