(Bloomberg) – The fortune of the Walton family, the pioneers of cheap shopping in the United States with the creation of the giant Walmart (WMT), has reached new heights during a pandemic that has destroyed billions of dollars of value in the world markets.
The total net worth of brothers Alicia, Jim and Rob Walton has risen 2.6% this year to $ 165.7 billion as cautious recession shoppers flock to Walmart stores to fill groceries with essential goods.
The Bentonville, Arkansas company’s dominance of the mass retail market has made majority shareholders the richest family in the world. The Waltons own approximately half of the company’s shares.
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The graph shows the evolution of the wealth of the Waltons family, considered the richest in the world. Bloomberg.
The gains make them an anomaly. The economic downturn caused by the coronavirus pandemic has erased $ 805 billion from the fortunes of the world’s 500 richest people, according to the Bloomberg Billionaires Index.
Only 82 people in the ranking have posted earnings this year, led by Amazon founder (AMZN) Jeff Bezos. Home buyer orders helped increase his fortune by $ 7.8 billion to $ 122.7 billion. Others also include Eric Yuan, CEO of Zoom Video Communications, maker of today’s ubiquitous teleconferencing software.
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