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FB Roundup: Rob Walton, Mike Ashley, Gautam Adani

June 7, 2022

In this week’s FB Roundup, Walmart heir Rob Walton aims to buy the Denver Broncos for a record price tag; Mike Ashley’s Fraser Group rescues UK fashion retailer Missguided; and Gautam Adani’s family office buys a Swiss building firm’s Indian interests.

Walmart heir Rob Walton aiming to buy Denver Broncos for record price tag
Rob Walton, the billionaire heir to the Walmart retail chain fortune, is targeting the purchase of the Denver Broncos American football team for a record-setting $4.5 billion.

According to Forbes, the winning bid hasn't yet been finalised, but it's expected to be announced later this month. If it does go ahead, the deal will be the biggest-ever acquisition of an NFL team.

Top 75 Family Business Leaders 2019: Americas

September 30, 2019

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century.

FB Roundup: Walton, Woo and Agarwal

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.

FB Roundup: Mars, Lego, and Walmart

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”.

Family portrait: the Walton family

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.

Walmart reveals family succession plans at shareholders meeting

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.

Just how rich is the family behind Walmart?

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.

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.

Domestic sales revival boosts the world's biggest family business

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 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.