The wealthiest family globally possesses a fortune surpassing the combined value of two European countries. In 1962, Sam Walton and his brother Bud Walton established Walmart, leading to their descendants becoming the world’s richest family. According to Bloomberg, the Walton family’s wealth hit a staggering $509 billion (around £380 billion) last year, exceeding the GDP of Greece and Hungary combined, while Iran’s GDP stands at $300 billion (£301 billion).
Recent reports indicate that the Walton family’s net worth has risen to $513 billion (£380 billion). Walmart, now one of the world’s largest retailers, operates more than 10,995 stores, including 4,611 in the United States.
Despite his remarkable success, Sam Walton reportedly maintained a humble approach as Walmart grew exponentially. Following Sam’s passing in 1992, his eldest son, Rob Walton, took over as chairman until 2015. Greg Penner, his son-in-law with a net worth of $113 billion (approximately £85 billion), succeeded Rob as chairman in 2024.
The Walton family, along with Greg Penner, utilized their immense wealth to acquire the Denver Broncos for $4.7 billion (£3.5 billion) in 2022. Additionally, they have investments in various sports teams, including Arsenal. This connection stems from Ann Walton Kroenke, who inherited a stake from her father, Bud Walton, and is married to sports tycoon Stan Kroenke.
Nancy Walton Laurie, another of Bud Walton’s daughters, unveiled her luxurious $300 million (£227 million) superyacht, Kaos, in 2018. Despite its grandeur, the yacht faced vandalism by climate activists in 2023 while docked in Ibiza.
Alice Walton, daughter of Sam Walton, emerged as the world’s wealthiest woman last year, with an estimated fortune of around $133 billion (£99.5 billion). She owns an £18 million luxury apartment in New York City, featuring five bedrooms, six bathrooms, a grand staircase, and stunning city views. Rob Walton and family rank 11th, while Jim and his family occupy the 12th position among the world’s richest individuals.
