12. S. RobSon Walton
$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.