Meet the richest family in the world, worth Rs 35.42 crore, and its portfolio soared 80% in 1 year, and that’s everything they control
The Walton family became the richest in the world in 2024, with a fortune of $432.4 billion and owning a variety of businesses including…
Meet the richest family in the world with a net worth of $432 billion
Walmart is now one of the world’s largest retail chains, and he started in 1962 at a small store in Arkansas, USA. Founded by brothers Sam and Bud Walton, the store aims to be a simple goal: to offer the lowest prices to customers anytime, anywhere. Over the past few decades, the idea has grown into a global retail empire, and today Wal-Mart has opened thousands of stores around the world.
According to Bloomberg, the Walton family, founder of Walmart, became the richest family in the world in 2024. This happened after Walmart soared about 80% in a year, increasing the total wealth of households to a staggering $432.4 billion.
Sam Walton died in 1992 and his brother Bud Walton died earlier. However, the business is still in the family and is divided among its heirs. Sam’s children – Alice, Jim and Rob – his daughter Christy, along with her son Lukas and Bud Walton’s daughters Ann and Nancy and Nancy inherited part of the empire. While Walmart still makes most of its wealth from the retail industry, the family has also expanded to other businesses.
Sam’s eldest son, Rob Walton, served as chairman of Walmart from 1992 to 2015. In 2022, he also bought the Denver Broncos, a US$4.7 billion American football team, along with his daughter and son. Rob currently has a net worth of approximately $113.3 billion.
The Walton family also has close ties with other sports teams. Ann Walton-Kroenke’s husband Stan Kroenke owns several sports franchises, including the Denver Nuggets (NBA), the Colorado Avalanche (NHL), the Colorado Rapids (MLS) and the British Football Club. From 1996 to 2001, he also served on the Walmart Board of Directors.
Sam’s only daughter, Alice Walton, is now the richest woman in the world, with a net worth of $113 billion. She is more interested in art and charity than business. She founded the Crystal Bridge Museum in Bentonville, Arkansas in 2011.
Sam’s youngest child, Jim Walton, leads the family’s banking business, the Arvest Bank Group, worth approximately $112.1 billion. His daughter Alice (not to be confused with her aunt) chairs the Walton Family Foundation, which supports many charitable projects.
The Waltons continue to influence not only the retail world, but also sports, arts and philanthropy, while maintaining themselves as one of the world’s most powerful and wealthiest families.
