"The Waltons are unusual among the mega-rich because they inherited their wealth. Most of the people at the top of the rich lists are founders or early employees, usually of tech firms. These include Elon Musk of Tesla, Larry Ellison of Oracle, Bill Gates of Microsoft, Jensen Huang of Nvidia, Mark Zuckerberg of Meta, and Larry Page and Sergey Brin of Alphabet. And, of course, there is Warren Buffett."
"The Walton math is simpler. The family and its foundations own 44% of Walmart Inc. ( NYSE: WMT). Its stock price is up 7% this year, and its market cap is $950 billion. For the most recent quarter, Walmart reported revenue of $180 billion, which was up 6% from the same quarter a year earlier. Earnings rose 35% to $0.77 per share. Those figures beat Wall Street estimates, which has helped the stock."
The Walton family's net worth increased by $32 billion to $475 billion in 2026, placing them just behind Elon Musk. Elon Musk's net worth rose due mainly to a new SpaceX valuation of $1.5 trillion, an $800 billion increase, and Musk owns 40% of SpaceX, which may go public in 2026. The Waltons own 44% of Walmart, whose market cap is $950 billion and whose stock is up 7% this year. Walmart reported $180 billion in quarterly revenue, up 6%, and earnings rose 35% to $0.77 per share. Walmart is the largest U.S. employer with 1.6 million workers and generates about $720 billion in annual revenue.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]