By Susan Warren on March 22 2014
S Robson Walton Net Worth : $34 Billion
Christened as Samuel Robson Walton, Rob Walton as he is fondly called by people close to him is the eldest son of Wal-Mart founder Sam and Helen Walton. Since 2012, he has held the position of Chairman of Wal-Mart. His net worth has reached US $34 billion in 2014 he is listed the 10th richest person in the US.
Robson Walton, along with other Walton family members, has 49% shared ownership of Wal-Mart Shares. These shares are controlled by the Walton Enterprise, a holding company owned by the Walton family that he manages together with his siblings. Aside from the dividends and capital gains that he gets from his Wal-Mart stocks, he is also under the company’s payroll. As a chairman of the board, his annual salary amounts to US $235,000. He is also affiliated with Madrone Capital Partners, an investment affiliated firm managed by his son-in-law Greg Penner.
Issues as Chairman
Robson Walton has served as the chairman of the board of directors for twenty years and during the span of his leadership, he has met a lot of disappointments from other non-Walton shareholders. In a recent shareholder’s meeting held in early 2013, non-Walton shareholders voted against re-electing Robson Walton as the chairman.
The New York City Pension Funds, CaISTRS voted against Walton and so did the State of Wisconsin Investment Board due to concerns related to the board’s oversight of its operational as well as reputational risks. But despite these setbacks and a massive call for a new and independent director, Rob Walton still got the majority of the votes.
Samuel Robson Walton is the eldest son of Wal-Mart founder Sam and Helen Walton. He attended College of Wooster and graduated from the University of Arkansas with a bachelor’s degree in business administration. He obtained his juris doctor degree from the Columbia University School of Law in 1969.
Despite his billionaire status, Robson lives a low key profile—it’s hard to find documents with regards to his and his family’s personal lives and lifestyle. He is divorced twice and has five children.
In one interview with Rob Walton, it stated that Robson is a smart guy and attacks business ideas and problems with an analytical mind. His office in the Wal Mart headquarters is smaller than the CEO’s which sends out the message that at WalMart, there is no preferential treatment.
Robson Walton is also very active in engaging with philanthropic activities. Together with his siblings, he manages the Walton Family Foundation which is the charitable arm of Walton Enterprises.
Interesting Facts about Robson Walton