Rob Walton's Net Worth

By Joseph White

Published July 23, 2024

Rob Walton's Net Worth

Table of Contents

  • What is Rob Walton’s Net Worth?
  • Rob Walton’s claim to fame?
  • What businesses does Rob Walton own?
  • How does Rob Walton spend his billions?
  • What are the Charitable Contributions of Rob Walton?
  • What’s next for Walton?

Rob Walton is an influential businessman who is mostly known for his tenure as the Chairman of Walmart from 1992 to 2015. He is also the eldest son of Walmart's founder, Sam Walton, who has further contributed to his significant role in expanding the company's global footprint.

 

He along with his siblings, completely solidified the company's position as a retail giant by opening thousands of stores globally and making advancements with its e-commerce platform. These achievements also elevated Rob's to prominence in the world of business.

Net Worth$84.9 Billion
Date of BirthOctober 27, 1944
Place of BirthTulsa, Oklahoma
GenderMale
Height5'9"
ProfessionBusinessman, Lawyer
NationalityAmerican
MarriedYes
Children3
No. of Houses2
No. of CarsMore than 4
No. of Awards1

What is Rob Walton’s Net Worth?

Rob Walton is one of the richest individuals globally, coming with a net worth of $84.9 billion as of June 2024.

 

Walton has made most of his wealth primarily through Walmart, where he served as chairman for more than a decade. Currently, he holds around 0.09% of the stakes at Walmart, which translates to 6.97 million shares. Although he does not reveal much about his income, it is known that Rob and his siblings earn approximately $5.5 million in dividends every 24 hours.

 

Furthermore, he owns around 25.5% of the stakes in Arvest Bank, which further fuels the stable growth of his wealth. Additionally, Rob has diversified his portfolio by investing in real estate, whose details mostly remain undisclosed.


Rob Walton’s claim to fame?

Rob Walton's journey towards fame began in 1992, when he became the Chairman of Walmart, succeeding his father, Sam Walton. Under his leadership, the company rapidly expanded its global operations by venturing into the markets of the U.K., China, and Mexico. Rob's legal expertise and visionary approach played a crucial role in navigating the multi-billion-dollar company through its IPO, further elevating his popularity in the business world.

 

In addition to the success and fame of business, Rob also gained significant recognition in the sports world after purchasing the NFL team Denver Broncos in 2022 for a whopping $4.65 billion. 


What businesses does Rob Walton own?

Rob Walton is an influential and successful businessman who has owned quite a few companies. However, his main fortune-bringer remains Walmart. Here are the businesses that Rob owns:.

 

  • Walmart: Rob Walton's legacy is deeply tied to Walmart, where he served as chairman from 1992 to 2015. At present, he holds around 6.97 million shares, or 0.09%, of the company and continues to play an important role in it.

 

  • Walton Enterprises: Walton Enterprises is owned by Rob and his other two siblings, through which they collectively hold a significant stake in Walmart. Beyond the retail sector, this LLC also oversees other investments, including private equity, real estate, and more.

 

  • Arvest Bank: Arvest Bank is the largest regional bank in Arkansas and is completely owned by the Walton family, specifically Rob and Jim. Rob currently owns around 25.5% of the bank, which diversifies his portfolio and also provides steady growth to his wealth.

 

  • Denver Broncos: In June 2022, Rob Walton acquired the NFL giant “Denver Broncos” for $4.7 billion. This massive investment has also portrayed his passion for sports and placed him in the spotlight as a major sports team owner.

 

These are the businesses that are currently owned by Rob Walton. Throughout his career, he has been instrumental in reshaping and making advancements in Walmart, which has slowly helped him acquire a large sum of wealth along with a couple of other businesses.


How does Rob Walton spend his billions?

 

Walton is among the richest in the world, and his expenditure is more focused on luxurious estates, cars, and other high-end transportation, showing that he loves to lead a lavish life. Below is a detailed list of assets that he currently owns:

 

How many houses does Rob Walton own?

A billionaire's life largely remains private. Not many know about their expenditures until they market them in the public domain. Down below are the houses that he currently owns or has sold.

 

Paradise Valley, Arizona: Walton owns three properties in Paradise Valley, and he has adjoined all of them together to make one huge estate. The total value of this property is known to be $14 million.

 

Aspen Land: The billionaire heir sold his Aspen, Colorado, land for a whopping price of $30.8 million. As per the New York Post, Rob bought these 33,000 square feet of land for $9.91 million back in 2000.


How big is Rob Walton’s car collection?

The total value of Rob’s garage is $200 million, which includes several luxurious and exclusive cars. Let's take a look at some of them.

 

  • 1957 Ferrari 250 Testa Rossa: This rare beauty is worth somewhere around $16 to $20 million, and one of them is sheltered in Rob Walton's garage.

 

  • 1957 Maserati 450 S: Only nine were manufactured, each fetching bids of $5 million in auctions, and Rob Walton currently has one in his collection

 

  • 1953 Jaguar C-Type: Rob Walton also owns this Jaguar, which has also been a two-time champion of the 24 Hours of Le Mans.

 

  • 1963 Corvette Grand Sport: Another rare car in Rob’s garage is the Corvette Grand Sport. GM planned to create only 125 but ended up making just 5. In auctions, it usually sells at a starting price of $5.5 million.

What are the Charitable Contributions of Rob Walton?

Billionaire Rob Walton's life has revolved around philanthropy since the late '80s, when his father, Sam Walton, started the Walton Family Foundation on the 25th anniversary of Walmart. 

 

  • The Walton Family Foundation: The Walton Family Foundation takes responsibility for educating underprivileged kids up to 12th grade, supporting their K–12 education since 1987.

 

  • Natural Disaster Charity: In 2019, the foundation donated $1.4 billion plus $640 million worth of food to charities assisting people caught up in floods. The funds were distributed to organizations such as the National Teacher of the Year program, Children’s Miracle Network, the Salvation Army, United Way, Food Bank America’s Second Harvest, and many more. Their charity isn’t limited to children and affected people but extends to military personnel.

 

  • Rob Walton Foundation: Rob has started a separate foundation that focuses on protecting wildlife and the environment. Currently, Rob's Foundation is working with the African government to save the 2,000 rhinos in the African National Park.

 

  • National Park Scheme: Another initiative started by Rob is African Parks, where they take responsibility for caring for the 21 African national parks across the continent. They aim to cover 30 parks by 2030 and restore the lost life of forests.

 

His commitment to philanthropy has left a lasting impact on numerous causes, and as he continues to make these efforts, Rob portrays how money can be harnessed for positive change.


What’s next for Walton?

 

Rob Walton is set to step down this year as chairman of the world's largest retailer, Walmart. Furthermore, he will remain dedicated to looking after his charitable foundations and working towards achieving their goals. 


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FAQs

How did Rob Walton make most of his money?

The majority of Walton's wealth has been derived from Walmart.

Why did Rob Walton retire from Walmart?

Rob was the longest-serving member of the board, and after 40 years of service he is retiring from Walmart to focus more on philanthropy and leave a legacy behind.

How did Rob Walton balance the expectations at Walmart?

Rob Walton has always been quite good with balancing high-courage with encouragement, which he also implied on his employees so that they could feel thank they can achieve anything.

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