Walton Family Reclaims Title as World's Wealthiest with $432 Billion Fortune

A surge in Walmart stock and strategic diversification have propelled the Waltons ahead of Gulf royalty in global wealth rankings.

The Walton family's net worth reached a record $432 billion in 2024, driven by an 80% rise in Walmart stock value this year.
The Waltons overtook Abu Dhabi's Al Nahyan family, whose fortune stands at $324 billion, to reclaim the top spot on Bloomberg's richest families list.
Walmart, the world's largest retailer by revenue, contributed 70% of the Walton fortune, with the rest stemming from diversified investments in sports, arts, and philanthropy.
The Walton heirs collectively own about 45% of Walmart shares, benefiting from the company's strong e-commerce growth and appeal to affluent shoppers during inflationary times.
Criticism persists over Walmart's low wages for its workforce, despite recent pay increases and initiatives aimed at improving employee benefits.