The Walton family who owns the Walmart empire became the richest family in the world in 2024. Their total wealth reached a huge $432.4 billion as reported by Bloomberg. This big jump in their fortune happened after Walmart’s stock value went up by almost 80% last year. Walmart was founded in 1962 by two brothers Sam Walton and Bud Walton in the state of Arkansas USA. Their main idea was simple to offer people the lowest prices anytime and anywhere. What started as a small store has now turned into one of the largest retail chains in the world. Even though both Sam and Bud passed away more than 30 years ago the company they built continues to grow and spread across the globe. Over the years the Walton family’s business has seen both good and tough times but it has mostly stayed strong for over sixty years. After Sam and Bud Walton passed away their shares in Walmart were divided among seven family members. These include Sam Walton’s children Alice Jim and Rob his daughter-in-law Christy and her son Lukas along with Bud Walton’s daughters Ann and Nancy. While Walmart still mainly runs retail stores the family has also put money into other businesses to grow their wealth even more. Rob Walton the eldest son of Sam Walton became Walmart’s chairman after his father’s death in 1992. He held that position until 2015 and officially left the company’s board of directors in 2024. His son-in-law Greg Penner now serves as Walmart’s chairman. Rob Walton’s personal net worth is $113.3 billion. In 2022 he purchased the Denver Broncos a professional American football team for $4.7 billion along with his daughter and son-in-law. The Walton family’s connection to the sports world doesn’t stop there. Ann Walton Bud Walton’s daughter is married to billionaire Stan Kroenke. He owns several major sports teams including the St. Louis Rams (NFL) the Denver Nuggets (NBA) Arsenal Football Club (UK) Colorado Avalanche (NHL) Colorado Mammoth (lacrosse) and Colorado Rapids (soccer). Stan Kroenke also served on Walmart’s board between 1996 and 2001. Alice Walton the only daughter of Sam Walton is one of the richest women in the world with a net worth of about $113 billion. She chose not to take part in running Walmart. Instead she follows her passion for art and helping others. In 2011 she opened the Crystal Bridges Museum of American Art in Bentonville Arkansas. The museum holds a big collection of American art and is open to the public. Jim Walton Sam Walton’s youngest son is the head of Arvest Bank Group which is owned by the Walton family. His net worth is around $112.1 billion. His daughter also named Alice is in charge of the Walton Family Foundation. This foundation works to improve education protect the environment and support local communities. Even though most of the Walton familys money still comes from Walmart they have also made smart investments in other areas like sports banking and art. From a single store in a small town their business has grown into a global success. Their journey tells how a simple idea and strong family efforts can turn into one of the biggest business empires in the world.