Richest family in the U.S. now 25% richer

Today, Forbes released its annual list of the 400 richest Americans. Not only can the Waltons still count themselves as the richest family in America, but their net worth rose 25% in the last six months. The six Waltons on the list—Christy, Alice, Jim, Rob, Ann, and Nancy—are worth a combined $144.7 billion, up $29 billion from the last Forbes tally in March. It’s as if the richest Waltons found a long-lost, equally affluent sibling.

Walmart Workers’ Protest Spotlights Taxpayers’ Dollars Supporting Rob Walton’s Excessive Lifestyle

Rob Walton racing suitOver the weekend, Salinas Valley community supporters joined Walmart workers at a demonstration in front of the Laguna Seca Raceway in California during the annual Monterey Motorsports Reunion. The demonstration took place while Walmart Board Chair, and heir to the Walton family fortune, Rob Walton raced two of his multimillion dollar racecars worth more than $16 million. The purpose of the protest was to bring attention to the disturbing fact as well as the reality that Rob Walton and his familyengage in lavish and expensive hobbies while the family increases its wealth by pushing certain Walmart worker costs onto taxpayers.

Walmart’s board is losing its independence

Rob WaltonFollowing Walmart’s annual meeting, the company’s board of directors is officially less independent than it was a few weeks ago.

While America Was in Recession, the Walton Family Got Richer

We recently heard an amazing statistic on the Melissa Harris-Perry show about how Black and Latino households lost large percentages of their wealth during the recession.  It got us thinking, of course, about how, while that was happening, the Walton Family continued to amass more wealth than any family could ever need.

At $115.7 billion, the Walton family remains the face of the 1% in America

This week, Forbes released its annual billionaires issue. Predictably, the Waltons, whose wealth is derived almost exclusively from their holdings in Walmart, rank among the richest people on the planet. Six of them appear on the Forbes Billionaires list, and they are collectively worth $115.7 billion. Sam Walton’s heirs rank among the top 20 richest people on the planet and his brother Bud’s children are further down the list—but still miles above the rest of us:

Waltons Give Themselves Huge Raise. Pass the Bill to Workers, Taxpayers

The Waltons, the richest family in the United States, and the owners of nearly half of all Walmart stock, just announced they’ve given themselves a raise of $436 million dollars. The Board of Directors, which includes three members of the Walton family, just voted to increase the annual dividend by 18% over the previous fiscal year. As a result, the Waltons’ Walmart dividends alone in FY14 will top $3 billion.

Top 12 Walmart 1% Moments of 2012

This year, thousands of activists stood up to the Walmart 1% across the country. It was a busy year for the one percent—and for the rest of us. There was the news of alleged bribery and corruption in Mexico, Walmart leaving ALEC under pressure from the public (here’s hoping the Walton Family Foundation follows their lead next year), forced labor at Walmart suppliers, warehouse worker strikes, and a Black Friday to remember when Walmart associates went on strike over the company’s retaliation and attempts to silence those who spoke out for improvements on the job.