Rob Walton
Bentonville, Arkansas
Bachelor of Arts/Science, University of Arkansas | Doctor of Jurisprudence, Columbia University
United States
Walmart
4
Walmart
$50,600,000,000
18
#18 Billionaires 2019
#12 Forbes 400 2018
Rob Walton is the eldest son of Walmart founder Sam Walton.He ran the retailer for nearly 25 years; he first took over as chairman upon his father's death in 1992.He retired as chairman in June 2015 and was replaced by his son-in-law, Greg Penner. He still sits on Walmart's board.In January 2018, following the passage of the Congressional tax reform bill, Walmart announced that it would increase its minimum wage to $11 an hour.He and other heirs of Sam Walton collectively own about half of Walmart's stock.
He sits on the board of the Walton Family Foundation, which disbursed $536 million in 2017, much of it to educational and environmental causes.The family foundation was set up by his parents, Sam and Helen Walton, on Walmart's 25th anniversary in 1987.
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