PHOTO: The Waltons
They are the family behind the biggest department store, but somehow, the Walton clan have largely flown under the radar for decades.
That’s despite being the world’s wealthiest family, with a US$191 billion (NZ$297 billion) fortune.
And according to Bloomberg, it’s a fortune that’s growing — fast.
“The numbers are mind-boggling: $70,000 (NZ$108,000) per minute, $4 million (NZ$6.2 million) per hour, $100 million (NZ$155 million) per day,” the publication reports.
“That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc, has been growing since last year’s Bloomberg ranking of the world’s richest families.
“At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the US would’ve made about 6 cents in that time, on the way to an $11 hourly minimum.”
It also revealed the family’s “jarring” and “near-unprecedented” wealth had soared by US$39 billion since June 2018.
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