A family owns more than 238 billion USD, richer than both Jeff Bezos and Elon Musk

Walton, the family behind Walmart, made $23 billion in the past year, bringing its total fortune to $238.2 billion.

Over the past seven months, the Walton family has sold about $6 billion worth of Walmart stock. This amount is more than double the value of a special bonus that Walmart paid to 1.5 million US employees last year to recognize their contributions during the Covid-19 pandemic. Most of the Waltons' stock sales are done on behalf of Goldman Sachs.

However, the number of shares sold is also nothing compared to the amount of assets this family holds. Sam Walton's heirs still control more than 1.3 billion shares of Walmart stock both directly and through the family trust.

Walton is also the name topping the list of the 25 richest families in the world in 2021 that Bloomberg has just announced. Over the past 12 months, the Walton family's fortune has increased by $23 billion thanks to a rise in Walmart's stock price.

The success of this retail empire has helped the Walton family's total fortune to $ 238.2 billion - richer than both Jeff Bezos and Elon Musk. This figure is also nearly $100 billion more than the second-richest family in the world, Mars ($141.9 billion).

Walton is the richest family in the world today. Photo Rick T.WilkingStringer.
Walton is the richest family in the world today. Photo Rick T.WilkingStringer.

Walton and Mars are two of the families that made the most money last year. As the pandemic reshapes the way people live and work, the wealth of the 25 richest families on the planet has increased by $312 billion, or 22%, since last August.

The families featured in Bloomberg's ranking represent a wide range of industries and geographies. Asia's wealthiest family, the Ambani, benefited from the pivot to green and digital energy, while the fortune of the family behind Hermes rose 75% to $112 billion. The Lauder family that owns Estee Lauder is in the Top 25 for the first time.

With the inheritance tax to pay 11 billion USD after the death of the late Samsung Chairman Lee Kun-hee, the Lee family of Korea is not on this year's rich family list.

Google Tech News

Post a Comment

Previous Post Next Post