Walmart’s surge just added $12 billion to the Walton family’s wealth (WMT)
|08/16/2018||Posted by BusinessMediaguide.Com under General World News||
- The Walton family still controls about 48% of Walmart, meaning their exorbitant wealth is innately tied to the company’s stock price.
- Walmart’s earnings surge on Tuesday netted Sam Walton’s heirs a cool $11.6 billion.
- Follow Walmart stock price in real-time here.
Walmart skyrocketed more than 10% Thursday following the grocer’s earnings report that crushed analysts expectations, adding a cool $11.6 billion to the founding family’s wealth.