Each of the Walton children, heirs to Walmart founder Sam Walton, has seen their net worth decrease by $609 million this year, but they continue to hold $124 billion each. Walmart, which owns 45% of the company, remains robust with a market cap of $850 billion. Despite e-commerce challenges and previous predictions of decline due to Amazon, Walmart successfully integrated online and offline shopping, contributing to a notable increase in their stock value—up 164% over the past five years and 85% in the last year.
Jim, Bob, and Alice Walton have each lost $609 million in 2023, yet they still retain $124 billion each, illustrating Walmart's enduring business strength.
Despite speculation that e-commerce would outpace brick-and-mortar retail, Walmart adapted its model effectively, integrating online ordering with in-store pickup.
Collection
[
|
...
]