Name Rob Walton |
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Born October 27, 1944 (age 80) |
Source Walmart |
Industry Retail |
Rob Walton, who has a law degree from Columbia University, helped Walmart prepare for its IPO in 1970. His daughter Carrie Walton Penner sits on the board of the Walton Family Foundation, which his parents set up on Walmart's 25th anniversary in 1987.
Rob Walton is the eldest son of Walmart founder Sam Walton. Walton took over as chairman upon his father's death in 1992. He retired as chairman in June 2015 and was replaced by his son-in-law, Greg Penner. Penner still sits on Walmart's board. He and other heirs of Sam Walton collectively own about half of Walmart's stock. In June 2022, a group led by Walton agreed to buy the NFL's Denver Broncos for $4.7 billion - a record for a sports franchise