Following the release of this year’s Forbes 400, Josh Harkinson at Mother Jones has a great piece up today putting the Waltons’ wealth in perspective.
The six Waltons on the Forbes list are now worth $115 billion. According to the Mother Jones story, no other American family has ever controlled a 12-figure fortune. Much of the Waltons’ wealth comes from Walmart—they own half the company and three family members sit on the board. While Walmart has been good to the Waltons, Harkinson points out that the average Walmart Associate would have to work at the company for seven million years to make as much money as the Waltons are currently worth.
He also shares the following chart of seemingly astronomical expenses that are dwarfed by the Waltons’ fortune. Something to think about.