Alice Walton, the world's richest woman, and her brother, Jim Walton, have seen their combined net worth drop by $5.4 billion due to a decline in Walmart Inc.'s stock price.
According to Forbes' real-time billionaire rankings, each sibling lost $2.7 billion, bringing Alice Walton's fortune to $101.2 billion and Jim Walton's to $108.9 billion. The decline follows a 3.09% drop in Walmart's stock, which closed at $91.72 per share on March 7.
Despite Walmart's strong long-term performance, concerns over profit margins and shifting consumer spending patterns have contributed to the stock's recent dip. The retail giant has outperformed its industry peers, benefiting from its omnichannel strategy, digital expansion, and investments in advertising and delivery services. However, challenges such as currency fluctuations and changes in product demand have pressured its margins.
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About the Walton Family
Alice and Jim Walton are among the wealthiest heirs to Walmart, the global retail empire founded by their father, Sam Walton, in 1962. The Walton family controls about 45% of Walmart's stock, maintaining a strong influence over the company's future.
Alice Walton, 75, has focused on philanthropy, particularly in the arts and healthcare. She founded the Crystal Bridges Museum of American Art in 2011 and the Alice L. Walton School of Medicine in 2021. She became the world's richest woman in 2024, surpassing L'Oréal heiress Françoise Bettencourt Meyers.
Jim Walton, 76, is the chairman of Arvest Bank Group, a financial institution managing $26 billion in assets. A former Walmart board member, he stepped down in 2016, passing the role to his son, Steuart Walton. His daughter, Annie Proeitti, currently chairs the Walton Family Foundation, which oversees $5.7 billion in assets.
Despite the temporary decline in Walmart shares, the Waltons remain among the wealthiest families globally, with their fortunes closely tied to the company's long-term success.
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