Slightly belated congratulations to Walmart heir and chairman of the board Rob Walton for his strong showing a few weeks ago in the Rolex Monterey Motorsports Reunion, a vintage sports car race. Walton drove his 1961 Ferrari 250 GT SWB to a first-place finish in one racing group, and his 1964 Ferrari 250 LM to a third-place finish in another. (He didn’t fare quite as well driving his 1965 Shelby Cobra 289, placing just 34th in that race.)
According to the valuation tool on the website of the classic car insurer Hagerty, the three cars Walton raced in Monterey are worth an estimated $13.1 million. Those three cars aren’t the extent of the Rob Walton collection, either: he’s been photographed racing a Maserati and a Scarab, among other pricey vintage cars. All that money might seem like a mere drop in the bucket to the Waltons, but in this week after Labor Day, we can’t help but think about what a huge difference those millions of Walton dollars would make in the lives of associates if they were invested in making Walmart jobs good jobs with livable wages.