12. S. Rob­Son Wal­ton

Forbes - - FORBES 400 -

$44.9 bil­lion  Self-made Score: $ Source: Wal­mart age: 74 reS­i­dence: bentonville, ar Phi­lan­throPy score: n.a.

In Jan­uary, fol­low­ing the pas­sage of the Con­gres­sional tax re­form bill, Wal­mart an­nounced that it would in­crease its min­i­mum wage to $11 an hour and is­sue one-time cash bonuses of up to $1,000 to el­i­gi­ble em­ploy­ees. On the same day, it an­nounced the clos­ing of 63 Sam’s Club out­lets. The re­tailer’s U.S. e-com­merce sales jumped by 40% in the lat­est quar­ter, while the stock rose 20% in the past year. Alice and Rob sit on the board of the Wal­ton Fam­ily Foun­da­tion, which dis­bursed $536 mil­lion in 2017, mainly to ed­u­ca­tional and en­vi­ron­men­tal causes, and to projects in the Ozarks. The foun­da­tion was set up by their par­ents, Wal­mart’s founder Sam Wal­ton and his wife, He­len, on the re­tailer’s 25th an­niver­sary in 1987.

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