"That is greater than Elon Musk's $425 billion. He tops the Bloomberg Billionaires list. Three Waltons, each a child of Sam Walton, are worth more than $100 billion. Jim Walton has a net worth of $131 billion, which puts him in 12th place on the list. Rob and Alice Walton each have a net worth of $128 billion, putting them just behind their brother."
"Despite what has been called pressure on American consumers, Walmart's revenue in the most recent quarter was up 6% to $180 billion. Adjusted operating income increased by 8% to $7 billion. Walmart boosted its forecast for its fiscal year. Departing CEO Douglas McMillon said, "The team delivered another strong quarter across the business. eCommerce was a bright spot again this quarter. We're gaining market share, improving delivery speed, and managing inventory well.""
Five members of the Walton family have a combined net worth of $453 billion, surpassing Elon Musk's $425 billion. Three of Sam Walton's children—Jim, Rob, and Alice—each exceed $100 billion, with Jim at $131 billion and Rob and Alice at $128 billion each. Two other family members, Lucas and Christy, have net worths of $45 billion and $21 billion respectively. The Waltons own about 49% of Walmart, whose market value is $855 billion. Walmart reported revenue up 6% to $180 billion and adjusted operating income up 8% to $7 billion, and the company raised its fiscal-year forecast. E-commerce showed strength with market-share gains, faster delivery and improved inventory management.
Read at 24/7 Wall St.
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