ROB WALTON– Biography, Age, Family, Net-worth & Businesses
ROB WALTON– Biography, Age, Family, Net-worth & Businesses
WHO IS ROB WALTON?
According to the 2019 Forbes 400 list, Samuel Robson Walton, also known as Rob Walton, is the twelfth richest person in the world, with an estimated net worth of more than $50 billion. Rob, the eldest child of Helen and Sam Walton, co-founders of Walmart, has fond childhood memories of moving boxes and sweeping floors in his father’s stores.
As an heir to Walmart’s retail fortune, he served as Chairman of the company for more than two decades until 2015. After his retirement, he transferred the position to his son-in-law Greg Penner, and he currently serves on Walmart’s Board of Directors.
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Along with his brother and sister, S. Robson Walton serves on the board of the Walton Family Foundation and has donated $2 billion to the organization. Rob is an avid collector of sports cars when he is not working, and he also enjoys racing, cycling, and flying planes.
ROB WALTON– BIOGRAPHY
Samuel Robson Rob Walton was born in Tulsa, Oklahoma, on October 28, 1944. He is the eldest son of Walmart’s founder, Sam Walton. Rob was raised alongside many other heirs and heiresses of the Walton fortune, including siblings Jim, Alice, and John, who died in 2005.
After establishing several successful grocery stores across the United States, Rob’s father founded Walmart. Sam Walton was once regarded as the wealthiest person on the planet, and Walmart’s influence exploded during the 1980s. Walmart has since expanded internationally.
ROB WALTON– Biography, Age, Family, Net-worth & Businesses
Rob Walton attended the University of Arkansas following graduation from high school. Walton earned a bachelor of science in business administration after enrolling in 1966. Additionally, he joined the Lambda Chi Alpha fraternity. Rob attended Columbia Law School after leaving the University of Arkansas and obtained his Juris Doctor in 1969.
WIKI – BIODATA
| Real Name | Samuel Robson Walton |
| Profession | Lawyer and Businessperson |
| Famous For |
The heir to the fortune of Walmart
|
| Physical Status | |
| Age | 77 years old |
| Height |
|
| Weight |
|
| Eye Colour | Black |
| Hair Colour | White |
| Personal Information | |
| Date of Birth | 28 October 1944 |
| Religion | Presbyterian |
| Birth Place | Bentonville |
| Zodiac sign | Scorpio |
| Nationality | American |
| School Name | Rutherford (N.J.) High School and College of Wooster |
| College Name |
|
| Qualifications | The University of Arkansas (BSC), Columbia Law School (Juris Doctor degree) |
| Family Profile | |
| Father Name | Sam Walton |
| Mother Name | Helen Walton |
| Siblings | Alice Walton, John Walton, Jim Walton |
| Children |
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| Relationships/Affairs |
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| Career | |
| Source Of Income | Stake in Walmart and Arvest Bank |
| Appeared In | NIL |
| Net Worth, Salary | $57.8 Billion, $250 Million + |
| Hobbies | Sports cars collection; racing, cycling, and flying planes. |
FAMILY, MARRIAGE, AND PERSONAL LIFE
S. Robson Walton was born in Tulsa, Oklahoma, on 28 October 1944 to Sam and Helen Walton. He is the oldest of four children, with siblings named Alice, Jim, and John. On June 27, 2005, his brother passed away in an airplane crash.
Rob was previously married to Patricia Rawlings Walton until their divorce in the late 1970s, after which he married Carolyn Funk. Carolyn and Rob were married for more than 25 years prior to their divorce in 2000.
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Rob married Melani Lowman Walton, a trainer and basketball coach, five years later. From his first marriage, S. Robson Walton has three children: son Sam Walton, born in 1968, daughter Carrie Walton Penner, born in 1970, and youngest son Ben Walton, born in 1975. Greg Penner, the husband of Carrie Walton, is the current Chairman of Walmart’s board of directors.
His collection includes a 1957 Ferrari 250 Testa Rossa, a 1961 Ferrari 250 GT SWB, a Ferrari 250 GTO, a 1958 Scarab MKI, a 1960 Maserati T60, a 1964 Ferrari 250 LM, and a 1965 Shelby Cobra. Rob has been criticized for spending millions of dollars on these automobiles, but this is one of his greatest passions.
ROB WALTON– Biography, Age, Family, Net-worth & Businesses
CHILDREN
S. Robson Walton has three children from his first marriage: son Sam Walton, born in 1968, daughter Carrie Walton Penner, born in 1970, and son Ben Walton, born in 1975.
CAREER
S. Robson Walton is an alumnus and trustee of The College of Wooster. In 1966, he earned a bachelor of science in business administration from the University of Arkansas. During his time at the university, Rob was a member of the fraternity Lambda Chi Alpha. In 1969, he received a Juris Doctor from Columbia Law School and joined the Tulsa law firm Conner & Winters, which represented Walmart. In October 1970, Rob assisted the company in preparing for Walmart’s initial public offering. He worked for the company until 1978, after which he became a senior vice president at Walmart.
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Rob was the one who persuaded his father to consider international expansion of the business in the mid-1980s. After attaining the position of vice chairman in 1982, he worked to improve the sustainability and visibility of the vendors whose products were sold in Walmart stores, thereby facilitating the consumer’s understanding of the origin of the products they purchase.
Rob also urged the corporation to source more locally, particularly for food grains and vegetables, to ensure that Walmart buyers receive fresh produce and that the company is able to improve the lives of American farmers.
ROB WALTON– Biography Age Family Net-worth & Businesses
On April 7, 1992, two days after his father Sam Walton’s death, he succeeded him as Walmart’s chairman and remained in that position until his retirement in 2015. Under his direction, Walmart began labeling certain products that passed rigorous tests with a “good for you” sticker in order to educate their customers and assist them in making an informed choice. Additionally, the company invested in a social school of retail that educated and trained young people to be useful retail industry workers.
ROB WALTON– Biography Age Family Net-worth & Businesses
ROB WALTON INVESTMENTS & BUSINESSES TILL DATE
WALMART
Rob Walton, the son of Walmart’s founder Sam Walton, served as Walmart’s chairman of the board from 1992 to 2015.
In 1969, Rob joined the company. Before becoming Walmart’s chairman, he held a number of positions, including senior vice president, corporate secretary, general counsel, and vice chairman. Rob was a partner at the Tulsa, Oklahoma law firm Conner & Winters prior to joining Walmart.
Current affiliations include Conservation International, where he serves as chairman of the executive committee, and the College of Wooster, where he is an Emeritus Life Trustee.
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REAL ESTATE
In 2000, Rob purchased two parcels of land in Aspen, Colorado, for $9.19 million. Along the Roaring Fork River, he never developed the property. Rob sold the combined properties for $30,8 million in June 2022.
Arvest Bank Group
He also owns a 25.5 percent stake in Arvest Bank, the largest bank in Arkansas. This ownership stake is valued at approximately $1.6 billion. Since 1992, Walton has earned approximately $11 billion from stock sales and dividends.
ROB WALTON INVESTMENTS & BUSINESSES TILL DATE
NET WORTH
Forbes estimates that he has a net worth of $57.8 billion. Together with other Sam Walton heirs, he owns roughly half of Walmart’s stock.
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To meet demand during the Covid-19 pandemic, Walmart hired an additional 400,000 workers, the majority of whom were temporary.
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