The Richest People In America: S Robson Walton

©AP Photo/April L. Brown

#5 S Robson Walton

$23.3 billion
Source: Wal-Mart

Son of Wal-Mart pioneer Sam Walton (d. 1992) and siblings, sister-in-law reclaim spot in Forbes 400 Top 10 after falling off last year. Wal-Mart shares up 45% since last September, as cash-strapped consumers head to discount-driven superstores in droves. Also profiting from stake in solar-paneling outfit First Solar; shares up 120% in past 12 months. Sam started as J.C. Penney clerk in 1940; opened Newport, Ark. five-and-dime store Benjamin Franklin 5 years later. Lost lease in 1950. With brother James started general-store chain in Bentonville, Ark., 1962. Today Wal-Mart is world's largest retailer: 7,300 stores, 2 million employees serve 200 million customers. Sales: $378 billion. Rob is Wal-Mart chairman; helping company become eco-friendly through partnership with environmental group Conservation International.

Complete List The Richest People In America


Related Posts by Category



Tidak ada komentar:

Favorites