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Rob Walton Net Worth 2022: Income, Salary, Career Everything You Need To Know!

rob walton net worth

rob walton net worth

Samuel Robson “Rob” Walton is an American billionaire who was born on October 28, 1944. He is the heir to the wealth of Walmart, the largest store in the world. He is the oldest son of Helen Walton and Sam Walton. From 1992 to 2015, he was the chairman of Walmart. As of March 2022, Walton was the 18th richest person in the world, based on how much money he was worth.

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Rob Walton: Net Worth 2022

S. Robson Walton, who goes by the name Rob Walton, is an American businessman and Sam Walton’s oldest son. Rob Walton is worth 68 billion dollars as f 2022. Rob was a Walton heir and also played a key role in running the Walmart business. From 1992 to 2015, he served as Chairman. This makes him different from his siblings and other heirs since very few of them have ever worked in the Walmart business. Rob has been one of the 15 richest people in the world in the last few years.

Rob Walton: Early Life Details

Samuel Robson “Rob” Walton was born in Tulsa, OK, on October 28, 1944. He is Sam Walton’s oldest son. Sam Walton started Walmart. Rob was raised with many other Walton heirs and heiresses, such as his siblings Jim, Alice, and John, the last of whom died in 2005.

After opening a number of successful grocery stores across the United States, Rob’s father started Walmart. During the 1980s, Walmart became very important, and Sam Walton was once thought to be the richest person on the planet. Since then, Walmart has grown all over the world.

Rob Walton went to college at the University of Arkansas after he graduated from high school. Walton went to college in 1966 and got his bachelor’s degree in business administration. He also joined Lambda Chi Alpha, which is a group of college men. Rob went to Columbia Law School after he left the University of Arkansas. In 1969, he got his Juris Doctor degree.

Rob Walton: Personal Life Details

By the time Walton left Tulsa in 1978, he was divorced from his first wife and remarried to Carolyn Funk. He also had three children with his first wife. In 2000, he and Carolyn asked to end their marriage. In 2005, he married Melani Lowman-Walton, who was his third wife. His children include Carrie Walton Penner.

Because of problems with the stock market, Sam and his siblings lost more than $27 billion in 2022.

Rob Walton: Career Details

Rob Walton was given the chance to work for Conner & Winters, the law firm that worked for Walmart, after he got his law degree. Rob worked as a lawyer for a few years at Conner & Winters before leaving to become the senior vice president of Walmart. He was put on the board of directors in 1982. In 1992, Rob took over as chairman from his father two days after his father died. Walton stayed in this job until 2015, when he quit.

rob walton

Rob Walton: The Walton Family Foundation

A report from 2014 said that Rob Walton had never given any money to the Walton Family Foundation on his own. The report was made by looking at the foundation’s tax returns over a long period of time. This is important because Walmart often avoids criticism by pointing out how much they do for charity.

But this report seemed to show that Rob isn’t actually giving to this foundation, even though he is one of Walmart’s biggest fans and has benefited from its success. But other news stories say that he and his siblings have each promised $2 billion to the foundation.

Rob Walton: Wealth Details

Through the Walton Family Holdings Trust and Walton Enterprises, Rob Walton owns 13 percent of Wal-Mart. He also owns a 25.5% share of Arvest Bank, which is the largest bank in Arkansas. Overall, this share of ownership is worth about $1.6 billion. Since 1992, Walton has made about $11 billion from stock sales and dividends. Walton Enterprises also helps out his two siblings, Alice and Jim Walton.

Rob Walton: Car Collection

Rob Walton is known for not talking about his private life, and he likes to stay out of the spotlight. Also, Rob is known for his large collection of old sports cars. Reports say that Walton has a Ferrari 250 GTO, which is worth between $35 million and $52 million. He also owns a 1965 Shelby Cobra, which is worth about $820,000 on average.

The market value of his Ferrari 250 LM is $14.6 million, and the value of his Ferrari 250 GT SWB is about $4.1 million. We also know that Rob has spent $12.1 million on a Ferrari 250 Testa Rossa in the past. On the open market today, this model is worth about $40 million. A 1960 Maserati T60 and a 1958 Scarab MKI are also important parts of his collection.

Rob set a new world record when he bought his Ferrari 250 Testa Rossa at an auction for $12.1 million. This was the most money ever paid for a single car at an auction. He bought it overseas, which turned out to be a bit of a problem. U.S. Customs was set on charging Walton the standard, everyday import fee of 2.5 percent. Rob’s lawyers tried to get the vehicle to be duty-free by saying it was a collector’s item. But U.S. Customs said Rob’s priceless Testa Rossa was a “normal” car, so he had to pay a $303,000 tariff to bring it into the country.

If you were wondering, $303,000 is about the same price as a 2020 Ferrari 488 Pista. On the other hand, Rob Walton probably wasn’t too worried about this import tariff, since he makes that much from his Walmart dividends in about an hour.

rob walton

Rob Walton: Real Estate

Rob paid $9.19 million for two pieces of land in Aspen, Colorado, in the year 2000. He never built anything on the land near the Roaring Fork River. Rob sold the two plots together for $30.8 million in June 2022.

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