Walmart heirs cross $100B net worth

By Dat Nguyen September 18, 2024 | 02:21 am PT

Members of the Walton family (L-R) Rob, Alice and Jim speak during the annual Walmart shareholders meeting event on June 1, 2018 in Fayetteville, Arkansas. Photo by AFP

Two children of Walmart founder Sam Wanton have topped US$100 billion in net worth for the first time as shares of the American retailer surge.

Jim Walton, 76, saw his net worth reaching $102.6 billion Monday while his brother Rob, 79, posted $100.4 billion, according to the Bloomberg Billionaires Index.

Their sister Alice, 74, stood at $99.7 billion.

As of Wednesday their net worths have dropped by around 1.6-1.8% each.

Walmart shares have been rising steadily in recent weeks and reached an all-time high of over $80 Monday.

They have surged 53% this year as its e-commerce business has drawn in more middle-class customers looking to tighten their budgets, Bloomberg reported.

The Waltons have consistently held a position among the world's wealthiest families, with a combined net worth now exceeding $350 billion.