Meet Lukas Walton, the fiercely private heir to the Walmart empire who is the richest person in Illinois (2024)

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Meet Lukas Walton, the fiercely private heir to the Walmart empire who is the richest person in Illinois? ›

According to Forbes, Chicago's Lukas Walton is again the richest person in the state, raising his net worth to just shy of $28 billion. Walton is the grandson of Walmart founder Sam Walton. His father John Walton died in a 2005 plane crash, with Lukas inheriting one-third of his fortune, according to Forbes.

Lukas Walton is the grandson of Sam Walton, the American businessman who created the Walmart empire. After his father died in a plane crash in 2015, Lukas reportedly inherited a third of his fortune. The Bloomberg Billionaires Index lists Lukas as the world's 59th-richest person as of May 2024.

28.2 billion USD (2024)

Lukas Walton / Net worth

About the 5&10

In 1950, the Walton family – Sam and Helen, sons, Rob, John, and Jim, and daughter Alice Walton – moved to Bentonville in northwest Arkansas from the eastern side of the state. According to Sam, the town was small enough to satisfy Helen's need for small-town living.

According to Forbes, Chicago's Lukas Walton is still the richest person in the state for the second consecutive year, raising his net worth to $28 billion. Walton is the grandson of Walmart founder Sam Walton.

The Waltons are the richest family in America thanks to their stake in Walmart, the world's largest retailer by sales. An estimated 45% of Walmart's stock is held by the families of seven heirs of founders Sam Walton (d.

Lukas was the biggest beneficiary of his father's will and he's calculated to have received a stake now equal to about 3.8% of the Bentonville, Arkansas-based retailer. His mother, Christy, inherited a 2% stake after John Walton died in 2005.

Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk.

The combined wealth of the Walmart heirs — which includes founder Sam Walton's children, Rob, Jim, and Alice, as well as his late son John's wife, Christy, and their son Lukas — is roughly $240 billion, according to the Bloomberg Billionaires Index.

Who is the richest family in Illinois? ›

Thirteen Illinoisans made Forbes' 2023 wealthiest Americans list. Lukas Walton, heir of the Walmart founding family, topped the list as the state's richest person.

It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.

He is married to Samantha Walton, who is listed as the co-president with Lukas Walton in the Builders Initiative, which is a Walton family foundation.

Jim Walton owns the most shares of Walmart (WMT). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

Kelly Rohrbach has always been a beauty, and now, being part of America's wealthiest Walton family ($274 billion), she is a beauty with billions, owing to her marriage to Walton heir, Sam Walton's grandson, Steuart Walton, since 2019.

The Al Nahyan family with $305 billion. The Walton family with $259.7 billion. The Hermès family with $150.9 billion. The Mars family with $141.9 billion.

Legendary founder Sam Walton's three surviving children — Rob, Jim, and Alice — all rank highly on the Forbes rich list with personal fortunes of between $72 billion and $79 billion. They were less than half as wealthy in 2016.