Fort Worth billionaire reigns as queen of America’s richest dynasty
In its 2020 budget year, Walmart had sales of $ 524 billion – and the company continues to raise wealth for the heirs of the retail giant’s founders.
The Walton family According to a ranking published by Forbes on December 17th, she is once again the richest family in the United States. Her net worth: $ 247 billion. This total is almost half of Walmart’s annual revenue and is the size of the Chilean economy.
Fort Worth Billionaire’s Fortune Alice Walton, the only daughter of Walmart founder Sam Walton, makes up just over a quarter of the family’s fortune. Forbes estimates she is worth roughly $ 68 billion, making her the richest resident of Texas and the richest Walton heiress. If Alice Walton were a family of their own, she would be the fourth richest clan in the country.
Descendants of Sam Walton and brother Bud Walton own approximately half of Walmart’s stock. According to Forbes, the stock generates more than $ 700 million in annual dividend income for the family.
Alice Walton isn’t the only Texan member of the Walton Dynasty. Ann Walton Kroenke, one of Bud Walton’s two daughters, lives on a 535,000 acre ranch about 50 miles northwest of Wichita Falls. She is valued at $ 9.1 billion and is married to sports and entertainment titan Stan Kroenke, who is valued at $ 8.3 billion.
While not all of the Waltons live in the Lone Star State, members of four of the other richest families in the country live.
Houston Duncan familyWith a net worth of $ 22 billion, it ranks 11th on the Forbes list. Pipeline mogul Dan Duncan’s four children – Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan – inherited a $ 10 billion estate from their father when he died in 2010. Each heir’s net worth exceeds $ 5 billion.
Randa enjoys the highest profile among the four Duncan siblings. She is chairman of Houston-based Enterprise Products Partners, the pipeline giant her father founded, and owns Austin-based Texas Monthly Magazine.
The 15th ranks among the richest families in the country Butt familywith a net worth of $ 17.8 billion. Charles Butt is the chairman and CEO of the San Antonio-based HEB grocery chain and the parent company of Dallas-based Central Market. Butt, grandson of HEB founder Florence Butt, and three relatives – sister Mary Butt Crook and two nephews – own HEB. The company’s annual sales are around $ 28 billion.
The Hunting family, whose members are descendants of the oil wildcats HL Hunt, are ranked 18th on Forbes’ list with a net worth of $ 15.5 billion. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both from Dallas.
Fort Worth’s members round out the Texas contingent on the Forbes list Bass family. The basses hold 30th place with a net worth of $ 10.8 billion. The four Bass brothers Sid, Edward, Robert and Lee inherited $ 2.8 billion each from their oil tycoon uncle Sid Richardson after his death in 1959. Robert is the richest of the four.