Samuel Robson “Rob” Walton is an American billionaire and eldest son of Walmart founder Sam Walton with an estimated net worth of $58.8 billion as of 2022, as per Forbes. He is the world’s 22nd richest person.
It is reported by sources privy to the matter that Walmart is in the final stage in the winning bid for the NFL’s Denver Broncos. Walton has offered to buy the team for more than $4 billion, which is considered to be the highest amount ever for a US professional sports team.
77-year-old Rob Walton has emerged as an early front-runner in a huge list of contenders who wants to buy the first National Football League team.
Everything about Rob Walton
The Broncos’ family owners, the Bowlens, existing owners of the team made the announcement earlier this year about their intent to sell the franchise.
As the Walmart heir is looking forward to closing this deal, let us explore everything about Rob Walton and his net worth in our article below!
- When his father passed away, Walton took over as chairman of the world’s largest retail company “Walmart” in the year 1992.
- He retired as chairman after serving 23 years in 2015 and was replaced by his son-in-law, Greg Penner. Penner is still one of the board members of Walmart.
- He along with his family and cousins own more than 50% stake in Walmart as of 2022.
- Rob Walton, who is alumni of Columbia University, assisted in the preparation of the Initial public offering of Walmart in 1970.
Early life and family
Rob Walton was born in the year 1944 in Tulsa, Oklahoma. His father, Sam Walton established Walmart in 1945 when he was 26. He had three siblings – a younger brother Jim Walton, and a younger sister, Alice Walton. His brother, John Walton, passed away in 2005.
Walton studied at The College of Wooster in Ohio and completed his graduation in 1966 from the University of Arkansas. He has a bachelor of science degree in business administration.
He then completed his doctor of law from Columbia Law School in 1969. Walton is a trustee at The College of Wooster.
Post completion of his studies, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma. He left Tulsa to join his family business in 1978 as senior vice president.
He was appointed as vice-chairman of Walmart in 1982. Two days after his dad’s demise, he was named chairman of the board of directors in 1992.
He has pledged to donate approximately $2 billion to the Walton Family Foundation between 2008 to 2013 along with his siblings.
Walton married Patricia Rawlings Walton and had three children when he divorced her. He then married Carolyn Funk and after being in a relationship for more than 25 years divorced her in 2000. His third marriage was with Melani Lowman-Walton in 2005.
Last month in May 2022, when Walmart reduced its profit outlook Sam and his family members collectively lost more than 27 billion dollars due to a steep fall in Walmart stock.
Walton’s love for cars
Walton is famous for his love and collection of automobiles. It is reported in many media outlets that his car collection is estimated to be more than USD300 million.
He has a wide range of Ferrari cars and others as listed below.
- Ferrari 250 GTO s/n 5575GT
- Ferrari 250 GTO s/n 3607
- Ferrari 250 SWB
- Ferrari 250 GT SWB California Spyder
- Ferrari 250 LM
- Ferrari 250 Testa Rossa
- Ferrari 275 GTB Competizione Speciale
- Ferrari 250 GT Zagato Berlinetta
- Ferrari 575 GT Zagato
- McLaren F1 #052
- Shelby Daytona chassis CSX2286
- 1963 Aston Martin DP215 Grand Touring Competition Prototype
- Ford GT40 MK1
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