American billionaire Samuel Robson “Rob” Walton was born on October 28, 1944. He is the heir of Walmart, the biggest retailer in the world, and its riches. He is Helen and Sam Walton's oldest child. He served as the chairman of Walmart from 1992 until 2015. Based on his net worth as of July 2022, Walton was the 18th richest person in the world.
After developing a series of prosperous grocery businesses around the country, Rob's father launched Walmart. During the 1980s, Walmart gained enormous influence, and Sam Walton was once regarded as the richest man on earth. Since then, Walmart has grown all over the world.
Following his high school graduation, Rob Walton enrolled at the University of Arkansas. Walton graduated in 1966 with a bachelor of science in business administration after enrolling. He joined the Lambda Chi Alpha fraternity as well. Rob graduated with his Juris Doctor from Columbia Law School in 1969 after leaving the University of Arkansas.
What is the Net Worth of Rob Walton?
As of writing, Rob Walton has an estimated net worth of 60.9 billion USD.
S. Robson Walton, commonly known as Rob Walton, is an American businessman and the founder of Walmart eldest son.
Rob was the Chairman of Walmart from 1992 until 2015. This distinguishes him from his brothers 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 seldom gives interviews. As a result, nothing is known about his private life. Many of the other Walton heirs are similar in this sense.
Rob divorced his first wife and remarried Carolyn Funk after having three children with her. Walton married his third wife Melani in 2005 after Funk and Walton split in 2000. Carrie Walton Penner is maybe his most famous kid.
Rob Walton had never given a single dime to the Walton Family Foundation. The research was based on decades of tax returns analyzed by the organization. This is crucial since Walmart frequently avoids criticism by emphasizing its charitable activity. However, this story appeared to imply that Rob is not actually donating to this foundation, despite being one of Walmart's greatest beneficiaries.
According to some sources, he and his siblings have given $2 billion to the organization.
Real Estate & Car Collection
Rob spent $9.19 million for two pieces of land in Aspen, Colorado, in 2000. He never developed the property, which is located on the Roaring Fork River. Rob sold the combined plots for $30.8 million in June 2022.
Rob Walton is very private about his personal life and likes to avoid the spotlight. Having said that, Rob is well-known for his vintage sports vehicle collection. According to rumors, Walton owns a Ferrari 250 GTO worth between $35 million and $52 million. He also owns a 1965 Shelby Cobra, which is worth 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 that Rob previously paid $12.1 million for a Ferrari 250 Testa Rossa. On the open market today, this model is valued at almost $40 million. A 1960 Maserati T60 and a 1958 Scarab MKI are two more remarkable additions to his collection.
When Rob paid $12.1 million for his Ferrari 250 Testa Rossa at an auction, he set a new world record for the highest price paid for a single automobile at an auction. Unfortunately, he purchased it from another country, which proved to be a problem. US Customs had determined to charge Walton the standard 2.5 percent import tax. Rob's attorneys attempted to secure duty-free status for the automobile, claiming it was a collector's item. However, U.S. Customs considered Rob's valuable Testa Rossa to be a “regular” motor vehicle, and he was required to pay a $303,000 import fee.