The majority of Walton's fortune is derived from Walmart,?the world's largest retailer. The shares are owned through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises, regulatory filings show. The analysis credits him with almost 12% of the business, based on an assumption that co-founder Sam Walton split the shares he owned equally among his four children --?Rob, Alice, Jim and John.
He also owns a 25.5% stake in Arvest Bank, the largest bank in Arkansas, according to a December 2010 filing to the Federal Reserve Bank of St. Louis. Arvest has a book value of about $1.8 billion, according to a Dec. 31, 2022 filing with the Federal Deposit Insurance Corporation. The valuation is based on the average price-to-book value multiple of two publicly traded peers: Fifth Third Bancorp and UMB Financial.
In August 2022, Walton, his daughter Carrie and son-in-law Greg Penner bought the Denver Broncos for $4.65 billion. His 34% stake is valued based on the purchase price.
Since 1992, Walton has collected more than $15 billion from stock sales and dividends, based on an analysis of Bloomberg data. The value of his cash investments is based on an analysis of those proceeds, as well as taxes, market performance and family investments.
Randy Hargrove, a spokesman for the Walton family, declined to comment on the net worth calculation.
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