Walmart's massive surge just added billions to the Walton family's wealth — here's how much you'd have made if you invested $1,000 back in the day (2024)
Walmart is surging after crushing earnings estimates Thursday morning, adding about $12 billion to the wealth of the Walton family.
An investment of $1,000 at the start of 1980 would be worth over $1.9 million today.
According to Yahoo Finance, Walmart's split- and dividend-adjusted closing stock price on January 2, 1980 was a little over $0.05. As of 1:15 PM ET Thursday, Walmart was trading just shy of $99 per share, up nearly 10% on the day.
The chart below shows the value over time of a $1,000 investment made in Walmart at the start of 1980. As of Thursday afternoon, that investment would be worth over $1.9 million:
Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk.
Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer. As of December 2014, the Waltons collectively owned 50.8 percent of Walmart.
The combined wealth of the Walmart heirs — which includes founder Sam Walton's children, Rob, Jim, and Alice, as well as his late son John's wife, Christy, and their son Lukas — is roughly $240 billion, according to the Bloomberg Billionaires Index.
The brothers' heirs and heiresses have spread their wealth and influence to the worlds of art, banking, education and athletics, transforming the communities they live in.
The Walton family owns about 45% of Walmart's outstanding shares through the trust and their main investment vehicle, Walton Enterprises, data compiled by Bloomberg show. Alice, Jim and Rob Walton have a combined fortune of $274 billion, according to the Bloomberg Billionaires Index.
His family has remained the richest family in the U.S. for several consecutive years, with a net worth of around US$240.6 billion as of January 2022. In 1992 at the age of 74, Walton died of blood cancer and was laid to rest at the Bentonville Cemetery in his longtime home of Bentonville, Arkansas.
The estimated net worth of C Douglas Mcmillon is at least $299 Million dollars as of 2024-05-02. C Douglas Mcmillon is the President and CEO of Walmart Inc and owns about 5,078,220 shares of Walmart Inc (WMT) stock worth over $299 Million.
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