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rob walton

August 14, 2019

The world’s wealthiest families control $1.4 trillion, Hong Kong tycoon Peter Woo urges protesters to stop violence and Anil Agarwal’s family trust pulls out of bid for Jet Airways.

The world’s wealthiest families control $1.4 trillion

Bloomberg’sannual ranking of the world’s richest families has revealed the fortunes of those at the top are growing by millions of dollars every hour.

Ranked the world’s richest family, the third-generation Walton family, behind US supermarket giant Walmart, is accumulating $4 million every hour. Since June, the family’s fortune has grown from $39 billion to nearly $191 billion—a nearly 400% increase.

September 7, 2017

Businesses need to do more on climate change, says Mars chief; Lego revenue drops, 1,400 jobs to go; and Walmart family member sells $62 million in shares.

Businesses need to do more on climate change, says Mars chief

US conglomerate Mars has announced it is combining its founding family’s principles with science to develop a plan to tackle the “urgent threats facing the planet and its people”.

January 17, 2017

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

June 9, 2014

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation. 

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation.

Speaking at the annual shareholders meeting in Arkansas on Friday, Walton revealed Penner, a board member since 2008, would act as chairman during periods of absence and use his expertise in technology and e-commerce to develop a range of smaller stores.

December 12, 2011

The Walton family, which controls the $400 billion-plus retail empire Walmart, is no doubt rich. But just how wealthy the family members are was recently highlighted by an American economist.

The Walton family, which controls the $400 billion-plus retail empire Walmart, is no doubt rich. But just how wealthy the family members are was recently highlighted by an American economist.

According to Sylvia Allegretto at the University of California, the descendants of Sam and James Walton, who founded family business Walmart, have the same net worth as the combined wealth held by the bottom 30% of American earners. In other words, the least wealthy Americans.

August 17, 2011

The Walton family-controlled retail giant Walmart has seen a revival in its domestic sales in the second quarter of this year, following a disappointing performance in 2010.

The Walton family-controlled retail giant Walmart has seen a revival in its domestic sales in the second quarter of this year, following a disappointing performance in 2010.

The Arkansas-based retailer said in a statement that its US sales rose to $64.89 billion for the quarter ending 31 July, up from the $62.66 billion it achieved in the previous three months.

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