Walton Family: Is there a single family office?

Where does the fortune of the Walton family come from?

The Walton family is an American family whose collective wealth (approximately $267 billion) makes them the richest family in the United States of America and the richest non-royal family in the world. Most of their wealth is derived from the legacy of Bud and Sam Walton, co-founders of the world’s largest retailer, Walmart. The three most prominent living members (Jim, Rob and Alice) have been consistently ranked in the top twenty of the Forbes 400 since 2001, as were John (†2005) and Helen (†2007) before their deaths.

How did the Walton’s company Walmart develop?

Walmart Inc. is an American multinational retailing company that operates a chain of hypermarkets, discount department stores and grocery stores. The company was founded by Sam Walton in 1962. It also owns and operates Sam’s Club retail warehouses.

Update 2024:Today, Walmart operates approximately 10,500 stores and clubs in 19 countries under 55 different names and is expected to generate sales of nearly $650 billion in 2024. With 2.1 million employees, it is one of the world’s largest private employers.

Is there a Walton family office?

Because of the family’s immense wealth (US$267 billion), there are two Walton family offices: “Zoma Capital, run 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 technology deals. For example, the firm holds a stake in Achates Power, a company developing internal combustion engines for the passenger and commercial vehicle transportation industry. Additionally Zoma Capital invests in sustainable solutions to environmental and social problems, such as Uplight. The company provides 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 via Unsplash

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