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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Walmart
stock has soared 25% this year, putting America’s largest retailer on track to a $1 trillion market cap. At the center of the stock windfall is the Walton family, worth $482 billion by Bloomberg’s estimate, and their personal investment firms.
None of the Waltons — the surviving children and grandchildren of late Walmart founder Sam Walton — work directly for the retailer, though one serves on Walmart’s board and an in-law chairs it. But the family still holds a 45% stake in Walmart, and since the start of 2020, the Waltons and their family trust have sold $25.3 billion in Walmart stock, according to Smart Insider.
