Rob Walton Net Worth: How Wealthy Is This Celebrity? Luxury Lifestyle!

S. Robson Walton, better known as Rob Walton, is an American businessman and the eldest son of Walmart founder Sam Walton. Rob Walton has a net worth of $68 billion. Rob Walton served as Chairman of Walmart from 1992 to 2015. This distinguishes him from his siblings and fellow heirs, as few of them have ever worked in the Walmart company. Rob has recently been named one of the world’s top 15 wealthiest persons.

Despite his enormous net fortune, Rob Walton leads a very private life and rarely gives interviews. As a result, little is known about his private life. Many of the other Walton heirs are similar in this sense.

Early Years

Samuel Robson “Rob” Walton was born on October 28, 1944, in Tulsa, Oklahoma. He is the eldest son of Sam Walton, the founder of Walmart. Rob was reared with several other Walton heirs and heiresses, including siblings Jim, Alice, and John – the latter of whom died in 2005.

Rob’s father created Walmart after developing a number of successful grocery stores across the United States. During the 1980s, Walmart grew enormously powerful, and Sam Walton was once considered the wealthiest man on the planet. Walmart has subsequently grown over the world.

Rob Walton went to the University of Arkansas after graduating from high school. Walton obtained a bachelor of science degree in business administration after entering in 1966. He also joined the Lambda Chi Alpha fraternity. After graduating from the University of Arkansas, Rob attended Columbia Law School, where he earned his Juris Doctorate in 1969.

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Quick Facts

Robson Walton Net Worth Growth in Last 5 Years

Career

After earning his law degree, Rob Walton was hired by Conner & Winters, a law firm that represented Walmart. Rob departed Conner & Winters after several years of legal practice to become the senior vice president of Walmart.

He was elected to the board of directors in 1982. Rob took over as chairman two days after his father died in 1992. Walton held this role until 2015 when he resigned.

Relationships

Rob divorced his first wife after three children and remarried Carolyn Funk. Funk and Walton separated in 2000, and Walton married his third wife Melani in 2005. Carrie Walton Penner is maybe his most well-known child.

The Walton Family Foundation

According to a 2014 study, Rob Walton has never made a single personal contribution to the Walton Family Foundation. The research was based on decades of analysis of the foundation’s tax records. This is crucial since Walmart frequently avoids criticism by emphasizing its charitable activity. However, this story appeared to imply that Rob is not actually contributing to this foundation, despite being one of Walmart’s greatest beneficiaries. However, according to some accounts, he and his siblings have pledged $2 billion to the organization.

Details on Wealth

Rob Walton controls 13% of Wal-Mart through the Walton Family Holdings Trust and Walton Enterprises. He also has a 25.5 percent ownership in Arvest Bank, Arkansas’ largest bank. This ownership position is worth roughly $1.6 billion in total. Since 1992, Walton has received around $11 billion in stock sales and dividends. Walton Enterprises also benefits his siblings, Alice, and Jim Walton.

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Car Collection

Rob Walton is notoriously private about his personal life and tries to stay out of the spotlight. Having said that, Rob is well-known for his collection of classic sports automobiles. According to rumors, Walton owns a Ferrari 250 GTO worth $35 million to $52 million. He also owns a 1965 Shelby Cobra, which is valued at roughly $820,000.

His Ferrari 250 LM is valued at $14.6 million, while his Ferrari 250 GT SWB is worth around $4.1 million. We also know Rob previously paid $12.1 million for a Ferrari 250 Testa Rossa. This vehicle is now worth around $40 million on the open market. Other notable additions to his collection include a 1960 Maserati T60 and a 1958 Scarab MKI.

Rob set a new world record for the highest price paid for a single car at an auction when he paid $12.1 million for his Ferrari 250 Testa Rossa. Unfortunately, he purchased it from a different country, which proved to be a problem. US Customs was set on charging Walton the standard 2.5 percent import tax. Rob’s lawyers attempted to secure duty-free status for the automobile, claiming it was a collector’s item. However, U.S. Customs declared Rob’s valuable Testa Rossa a “regular” motor vehicle, and he was required to pay a $303,000 import fee.

In case you’re wondering, $303,000 is roughly the same price as a 2020 Ferrari 488 Pista. Rob Walton, on the other hand, certainly didn’t mind the import tariff because he gets that much from Walmart dividends in approximately an hour.

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