Jim Walton, his brother Bob Walton and sister Alice Walton
There has been a big change in the list of the world’s richest people. A major change has been seen in the Bloomberg Billionaires Index, where veteran investor Warren Buffet has been out of the top-10 race. Their place has been taken by none other than three members of the same family running the world’s largest retail company. These three are real brothers and sisters, who have more money than the total economy of many countries.
Walton family dominates top-10
In this latest list of the rich, the children of Walmart founder Sam Walton have made their mark. In this list, Jim Walton, his brother Rob (Bob) Walton and sister Alice Walton have entered the top-10 together. Talking about the ranking, Jim Walton is at number eight, Rob is at ninth and Alice is at tenth. The special thing is that Alice Walton has now become the richest woman in the world. This family owns the world’s largest retail company Walmart and their total stake in the company is about 47 percent.
Wealth figures will surprise you
The wealth figures of these brothers and sisters can surprise anyone. According to the Bloomberg Billionaires Index, Jim Walton, who is at number eight, has a net worth of $158 billion. His wealth has increased by $21.3 billion in the last one year. At the same time, his brother Rob Walton, who is at number nine, has assets worth $154 billion, which has increased by $20.7 billion this year. Sister Alice Walton, who is ranked 10th, also has a net worth of around $154 billion. His wealth has also increased by 21 billion dollars this year.
Money is more than the GDP of many countries
If the total wealth of the Walton family is seen together, it outweighs the economy of many countries. A total of five members of the Walton family are included in the list of top-100 rich. These also include Sam Walton’s grandson Lucas Walton (at number 33) and Christy Walton, wife of the late John Walton (at number 100). The total wealth of these five is about 545 billion dollars. This amount is more than the total GDP of many countries like Greece, Hungary and Iran.
Discount culture created the ‘super rich’
After all, how did this family become so rich? The answer lies in their business model. The foundation of Walmart was laid by Sam Walton in 1962. His business was completely based on ‘discount culture’. That means sell goods cheap, but sell more. This is the reason why even when there is a recession in the world, Walmart’s business continues. Today, Walmart is the world’s largest company in terms of revenue, whose last year’s revenue was $703.06 billion. They have more than 10,500 stores in 19 countries around the world.
