Home Billionaires Rob Walton: Forbes 18th Richest Man On Earth

Rob Walton: Forbes 18th Richest Man On Earth

by odoomebenezeryaw
  • Full Name: Rob Walton
  • Date of Birth: October 28, 1944
  • Age: 78 years old (as of September 1, 2023)
  • Source of Wealth: Walmart
  • Self-Made Score: 4 (indicating a self-made billionaire)
  • Philanthropy Score: 1
  • Residence: Bentonville, Arkansas, United States
  • Marital Status: Married
  • Children: 3
  • Education: Doctor of Jurisprudence (Columbia University), Bachelor of Arts/Science (University of Arkansas)

Biography: Rob Walton is the eldest son of Walmart’s founder, Sam Walton. Born on October 28, 1944, in the United States, Rob Walton has played a significant role in the success and growth of Walmart, one of the world’s largest retail corporations.

Upon the passing of his father, Sam Walton, in 1992, Rob Walton took over as the chairman of Walmart, a position he held for over two decades. During his tenure as chairman, Walmart expanded its presence both domestically and internationally, solidifying its position as a retail giant.

In June 2015, Rob Walton retired as chairman and was succeeded by his son-in-law, Greg Penner, who continues to serve on Walmart’s board. Rob Walton, along with other heirs of Sam Walton, collectively owns a substantial portion of Walmart’s stock, which has contributed significantly to his wealth.

Rob Walton’s business acumen extends beyond the retail sector. In June 2022, he led a group that purchased the NFL’s Denver Broncos for a record-breaking $4.7 billion, marking a significant investment in the sports industry.

Apart from his business endeavors, Rob Walton has engaged in philanthropic activities, although his philanthropy score is relatively low compared to his wealth. He holds a law degree from Columbia University and a Bachelor of Arts/Science degree from the University of Arkansas.

Rob Walton’s legacy is closely tied to his role in Walmart’s growth and his contributions to the business world, making him a prominent figure in the global billionaire community. As of September 1, 2023, he ranks as the 18th richest person in the world with a net worth of $57.6 billion, according to Forbes.

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