Samuel Robson Walton
The oldest son of Wal-Mart founder Sam Walton has been chairman of the world's largest retailer since his father's death in 1992. With his two surviving siblings, Walton is a co-managing member of Walton Enterprises, the family's holding company that controls a 47 percent stake in Wal-Mart. Rob Walton personally owns about 339 million shares.
Greg Penner, the grandson-in-law of Wal-Mart Stores Inc. founder Sam Walton, became heir apparent to the chairman role today after spending almost a decade investing the family’s money as head of a venture firm in Silicon Valley.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Wal-Mart Stores Inc., responding to criticism from Institutional Shareholder Services Inc. over executive compensation and its handling of a foreign-bribery probe, said the firm is wrong and relying on faulty analysis.
Wal-Mart Stores Inc. has long faced opposition to its attempts to break into the lending business. So the retailer’s founding family has found another way to get credit to many of its customers -- Progress Financial Corp.