S Robson Walton Net worth: $29.2 billion
S. Robson Walton, owner of the largest retail chain Walmart, is the 4th richest man in the U.S.A. and ranks 22nd on the Forbes billionaire’s list, with an estimated net worth of $29.2 billion. He was born as the eldest son to Sam and Helen Walton on October 28, 1944 in Tulsa, Oklahoma. He studied business administration at the University of Arkansas and later received a jurisprudence doctorate from Columbia University School of Law in New York. Known for his philanthropic deeds, he is currently very active in a number of non-profit organizations and is even the Emeritus Life Trustee of the College of Wooster. Despite his fortune, Walton has maintained a low profile and kept away from the media. He is currently married and is blessed with 5 children.
How did S Robson Walton make his money?
Rob Walton joined Walmart in 1969. He first became a member of the law firm that represented the company and after that, he held a variety of executive posts. He became chairman in 1992, two days after his father died of lung cancer. His vision for the company was astounding as sales skyrocketed to $405 billion and resulted in the company employing more than 2.1 million people across 28 countries. A trust fund was put up in 1990 to divide the ownership of Walmart’s investments among the three siblings. Consequently, the Walton siblings own 51% of Walmart, which has 11,000 stores. In addition, Robson owns 96% shares of the family-owned Arvest Bank, with Jim Walton as the CEO. Finally, in June 2015, S Robson Walton stepped down as chairman of Walmart.