Where does the fortune of the Walton family come from?
The Walton family is an American family, whose collective fortune (about 190 billion U.S. dollars) makes them the richest family in the United States of America and the richest non-royal family in the world. The majority of their wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of the world’s largest retailer, Walmart. The three most prominent living members (Jim, Rob and Alice) have consistently been in the top twenty of the Forbes 400 since 2001, as were John (†2005) and Helen Walton (†2007) prior to their deaths.
How did the Walton’s company Walmart develop?
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. he company was founded by Sam Walton in 1962. It also owns and operates Sam’s Club retail warehouses. Today Walmart has 11,438 stores and clubs in 27 countries, operating under 55 different names and generating 514 billion U.S. dollars in revenues (providing it the first place in the fortune 500 ranking of 2019). With its 2.2 million employees it counts to the world’s largest private employers.
Is there a Walton family office?
Due to the immense fortune of the family (190 billion U.S. dollars) there is, of course, a single family office. To be correct, there are two. “Zoma Capital”, which is led by Ben Walton and his wife, and “Madrone Capital Partners”, founded by Rob Walton.
How does the Walton family office invest?
The majority of Madrone Capital Partners’ investments are in late-stage and private equity energy investments, but it also leads several early-stage energy tech deals. For example, the company holds shares of Achates Power, a company that develops internal combustion engines for passenger and commercial vehicle transportation industries. Zoma Capital invests in sustainable solutions for environmental and social problems, for example in Uplight, a company providing cloud platforms to energy service providers for their energy management applications.
This article is part of our detailed report “The single family offices of the richest US families“.
Picture source: Fabio Bracht