S. Robson Walton: Difference between revisions

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			{{Short description\|American billionaire (born 1944)}}
	]
			{{redirect\|Rob Walton\|the Canadian hockey player\|Rob Walton (ice hockey)\|other people with similar names\|Robert Walton (disambiguation){{!}}Robert Walton}}
			{{Use mdy dates\|date=December 2013}}
			{{Infobox person
			\| name = S. Robson "Rob" Walton
			\| image = S. Robson Walton by Gage Skidmore.jpg
			\| caption = Walton in 2017
			\| birth_date = {{birth date and age\|1944\|10\|27}}<ref name="Basquez"/>
			\| birth_place = ], U.S.
			\| education = ] (])<br />] (])
			\| occupation = Businessman
			\| title = Former chairman of ] (1992–2015)
			\| known_for = ] fortune
			\| boards = ], ]
			\| spouse = {{plainlist\|
			* Carolyn Funk
			* {{marriage\|Melani Lowman\|2005}}
			}}
			\| children = 3, including ]
			\| father = ]
			\| mother = ]
			\| relatives = ] (brother)<br />] (brother)<br />] (sister)<br />] (niece-in-law)
			}}

			'''Samuel Robson "Rob" Walton''' (born October 27, 1944) is an American billionaire heir to the fortune of ], the world's largest retailer. He is the eldest son of ] and ], and was chairman of Walmart from 1992 to 2015. As of December 2024, ] estimated his net worth to be US$110.8 billion, making him the 13th richest person in the world.<ref>{{Cite web \|title=Rob Walton & family \|url=https://www.forbes.com/profile/rob-walton/ \|access-date=2024-12-24 \|website=Forbes \|language=en}}</ref> He is also the principal owner of the ].<ref>{{Cite news \|date=August 9, 2022 \|title=NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise \|url=https://www.nfl.com/news/nfl-owners-approve-walton-penner-family-s-purchase-of-denver-broncos-franchise \|access-date=October 4, 2022 \|work=NFL.com \|language=en-US}}</ref><ref>{{cite news\|last=O'Halloran\|first=Ryan\|title=Broncos officially in new hands with approval of Walton as owner\|url=https://www.denverpost.com/2022/08/09/denver-broncos-sale-rob-walton-nfl-owners-approved/\|website=DenverPost.com\|date=August 9, 2022\|access-date=October 4, 2022\|language=en-US}}</ref>
	'''Samuel Robson (Rob) Walton''', born ], is eldest son of ], founder of ], the world's most powerful ]er. His net worth is close to $20 billion ].

			==Early life and family==
	Rob Walton was named ] of the Board of Directors of Wal-Mart on ], ], two days after his father's death, and as of June, 2005 still maintains that title.
			]
	The name Robson comes from his mother's side of the family, the Robsons.
			Rob Walton was born on October 27, 1944,<ref name="Basquez">{{cite news \|last1=Basquez \|first1=Anna Maria \|title=Who Is Rob Walton, The Billionaire Who Reportedly Plans To Put In A Bid For The Denver Broncos? \|url=https://www.cbsnews.com/colorado/news/who-is-rob-walton-the-billionaire-who-reportedly-plans-to-put-in-a-bid-for-the-denver-broncos/ \|access-date=7 March 2023 \|work=] \|date=April 14, 2022}}</ref> in ], the oldest of four children of ] (1918–1992), cofounder of ], and ] (1919–2007). He has a younger brother, ], and a younger sister, ]. Another brother, ], died in 2005.<ref name=ForbesRW1309>{{cite web\|url=https://www.forbes.com/profile/s-robson-walton/\|title=S Robson Walton\|work=]\|date=September 2013\|access-date=December 25, 2013}}</ref><ref name="ForbesRW2T2B">{{cite web\|url=https://www.forbes.com/pictures/mef45jlmk/s-robson-walton/\|archive-url=https://web.archive.org/web/20130310050602/http://www.forbes.com/pictures/mef45jlmk/s-robson-walton/\|url-status=dead\|archive-date=March 10, 2013\|title=2013's Top 20 Billionaires\|year=2013\|work=]\|access-date=December 25, 2013}}</ref><ref name=TWB26RW75>{{cite web\|url=https://www.forbes.com/lists/2008/10/billionaires08_S-Robson-Walton_P47X.html\|title=The World's Billionaires #26 S Robson Walton\|work=]\|date=May 3, 2008\|access-date=December 25, 2013}}</ref>
⚫	==External links==
	*
⚫	*
⚫	*

			Walton attended ] and graduated from the ] in 1966 with a Bachelor of Science degree in business administration, where he was a member of the ] fraternity. He received his ] degree from ] in 1969. Walton is also a trustee at The College of Wooster.<ref name="Serwer" /><ref name=TWB26RW75/>
	{{business-bio-stub}}

			After graduation, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma.<ref name="Serwer" /> In 1978, he left Tulsa to join Walmart as a senior vice president,<ref name="Serwer" /> and in 1982, he was appointed vice chairman.<ref name="Ortega" /> He was named chairman of the board of directors on April 7, 1992, two days after his father's death.<ref>{{Cite news\| url = https://www.nytimes.com/1992/04/07/business/business-people-wal-mart-s-leadership-remains-in-the-family.html\|title=Wal-Mart's Leadership Remains in the Family\|author=Thomas C. Hayes\|work=] \|date =April 7, 1992}}</ref>

			Along with his siblings, he has pledged about $2 billion to the ] from 2008 to 2013.<ref name=ForbesRW2T2B/>

			On June 7, 2022, an ownership group led by Walton entered into an agreement to purchase the ] from the estate of ] for $4.65 billion, which set the record for the most expensive sale of a sports franchise in history, subject to approval from the NFL's finance committee and a 3/4 majority of the full NFL ownership group.<ref>{{cite press release\|title=Broncos and Walton-Penner family enter into a purchase and sale agreement\|url=https://www.denverbroncos.com/news/broncos-and-walton-penner-family-enter-into-a-purchase-and-sale-agreement\|website=DenverBroncos.com\|date=June 7, 2022\|access-date=June 8, 2022}}</ref><ref>{{Cite news \|last=Isenberg \|first=Sydney \|last2=Renck \|first2=Troy \|date=June 7, 2022 \|title=Denver Broncos sold to Walmart heir Rob Walton \|url=https://www.thedenverchannel.com/sports/broncos/denver-broncos-sold-to-walmart-heir-rob-walton \|access-date=June 8, 2022 \|work=TheDenverChannel.com}}</ref> Former Secretary of State Condoleezza Rice was announced as added to the ownership group on July 11, 2022.<ref>{{Cite news \|last=Garfinkel \|first=Noah \|date=July 11, 2022 \|title=Condoleezza Rice added to Denver Broncos ownership group \|url=https://www.axios.com/2022/07/11/condoleezza-rice-denver-broncos \|access-date=July 11, 2022 \|work=Axios}}</ref> The family then announced on August 2, 2022, that ] would be added to the ownership group.<ref>{{cite press release\|title=Statement from Rob Walton on behalf of the Walton-Penner Family Ownership Group \|url=https://www.denverbroncos.com/news/statement-from-rob-walton-on-behalf-of-the-walton-penner-family-ownership--x9010\|website=DenverBroncos.com\|date=August 2, 2022\|access-date=August 2, 2022}}</ref> Walton delegated most day-to-day authority to his son-in-law, Walmart chairman ], who took over as CEO of the franchise and the public face of the ownership group.<ref name="PennerBroncosCEO">{{cite web\|last=DiLalla\|first=Aric\|title=New Broncos Owner & CEO Greg Penner outlines key requirements for winning organization\|url=https://www.denverbroncos.com/news/new-broncos-owner-ceo-greg-penner-outlines-key-requirements-for-winning-organiza\|website=DenverBroncos.com\|date=August 10, 2022\|access-date=August 14, 2022}}</ref>

			==Personal life==
			By the time he left Tulsa in 1978, Walton had three children, was divorced from his first wife, and had remarried to Carolyn Funk. He and Carolyn filed for divorce in 2000. He married his third wife Melani Lowman-Walton in 2005.<ref name="Ortega"/><ref name="Washoe County">. SECOND JUDICIAL DISTRICT COURT STATE OF NEVADA, Washoe County. August 15, 2000.</ref><ref>{{cite news \|url=http://www.entrepreneur.com/tradejournals/article/66420639.html \|title= Billionaire Divorce. (Wal-Mart Stores Inc. Carolyn Walton, Robson Walton) \|work= ] \|date=October 16, 2000}}</ref> His children include ].

			In 2022, due to a decline in Walmart's share price, Rob and his siblings lost more than $27 billion.<ref>Mitchell Van Homrigh, May 18, 2022</ref>

			Walton is a well-known collector of automobiles.<ref name="Millions">{{cite web\|url=http://changewalmart.org/2014/06/03/rob-walton-zero-for-the-family-foundation-tens-of-millions-for-vintage-sports-cars/ \|title=Rob Walton: Zero for the Family Foundation but Millions for Vintage Sports Cars \|website=changewalmart.org \|date=June 3, 2014 \|url-status=live \|archive-date=September 27, 2018 \|archive-url=https://web.archive.org/web/20180927125106/http://changewalmart.org/2014/06/03/rob-walton-zero-for-the-family-foundation-tens-of-millions-for-vintage-sports-cars/ \|access-date=May 5, 2021}}</ref>

			==References==
			{{Reflist\|refs=

			<ref name="Ortega">{{cite book \|title= In Sam We Trust \|url= https://archive.org/details/insamwetrustunto00bobo/page/413 \|first= Bob \|last= Ortega \|pages= \|date= October 20, 1998 \|publisher= Times Business/Random House \|isbn= 0-8129-6377-6 \|url-access= registration }}
			</ref>

			<ref name="Serwer">{{cite web
			\|title= The Waltons: Inside America's Richest Family
			\|url= https://money.cnn.com/magazines/fortune/fortune_archive/2004/11/15/8191093/index.htm
			\|work= Fortune \|first= Andy \|last= Serwer
			\|date= November 15, 2004 \|access-date= February 20, 2011}}
			</ref>

			}}

		⚫	==External links==
		⚫	*
		⚫	*
			* - video report by '']''

			{{Clear}}
			{{Wal-Mart}}
			{{Authority control}}
			{{Denver Broncos}}
			{{Denver Broncos owner navbox}}
			{{NFLOwners}}

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Latest revision as of 17:51, 24 December 2024

American billionaire (born 1944) "Rob Walton" redirects here. For the Canadian hockey player, see Rob Walton (ice hockey). For other people with similar names, see Robert Walton.

S. Robson "Rob" Walton
Walton in 2017
Born	(1944-10-27) October 27, 1944 (age 80) Tulsa, Oklahoma, U.S.
Education	University of Arkansas (BS) Columbia University (JD)
Occupation	Businessman
Known for	Walton family fortune
Title	Former chairman of Walmart (1992–2015)
Board member of	Walmart, Denver Broncos
Spouses	Carolyn Funk Melani Lowman (m. 2005)
Children	3, including Carrie
Parents	Sam Walton (father) Helen Walton (mother)
Relatives	John T. Walton (brother) Jim Walton (brother) Alice Walton (sister) Kelly Rohrbach (niece-in-law)

Samuel Robson "Rob" Walton (born October 27, 1944) is an American billionaire heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. As of December 2024, Forbes estimated his net worth to be US$110.8 billion, making him the 13th richest person in the world. He is also the principal owner of the Denver Broncos.

Early life and family

Rob Walton was born on October 27, 1944, in Tulsa, Oklahoma, the oldest of four children of Sam Walton (1918–1992), cofounder of Walmart, and Helen Walton (1919–2007). He has a younger brother, Jim Walton, and a younger sister, Alice Walton. Another brother, John Walton, died in 2005.

Walton attended The College of Wooster and graduated from the University of Arkansas in 1966 with a Bachelor of Science degree in business administration, where he was a member of the Lambda Chi Alpha fraternity. He received his juris doctor degree from Columbia Law School in 1969. Walton is also a trustee at The College of Wooster.

After graduation, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma. In 1978, he left Tulsa to join Walmart as a senior vice president, and in 1982, he was appointed vice chairman. He was named chairman of the board of directors on April 7, 1992, two days after his father's death.

Along with his siblings, he has pledged about $2 billion to the Walton Family Foundation from 2008 to 2013.

On June 7, 2022, an ownership group led by Walton entered into an agreement to purchase the Denver Broncos from the estate of Pat Bowlen for $4.65 billion, which set the record for the most expensive sale of a sports franchise in history, subject to approval from the NFL's finance committee and a 3/4 majority of the full NFL ownership group. Former Secretary of State Condoleezza Rice was announced as added to the ownership group on July 11, 2022. The family then announced on August 2, 2022, that Lewis Hamilton would be added to the ownership group. Walton delegated most day-to-day authority to his son-in-law, Walmart chairman Greg Penner, who took over as CEO of the franchise and the public face of the ownership group.

Personal life

By the time he left Tulsa in 1978, Walton had three children, was divorced from his first wife, and had remarried to Carolyn Funk. He and Carolyn filed for divorce in 2000. He married his third wife Melani Lowman-Walton in 2005. His children include Carrie Walton Penner.

In 2022, due to a decline in Walmart's share price, Rob and his siblings lost more than $27 billion.

Walton is a well-known collector of automobiles.

References

^ Basquez, Anna Maria (April 14, 2022). "Who Is Rob Walton, The Billionaire Who Reportedly Plans To Put In A Bid For The Denver Broncos?". CBS News. Retrieved March 7, 2023.
"Rob Walton & family". Forbes. Retrieved December 24, 2024.
"NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise". NFL.com. August 9, 2022. Retrieved October 4, 2022.
O'Halloran, Ryan (August 9, 2022). "Broncos officially in new hands with approval of Walton as owner". DenverPost.com. Retrieved October 4, 2022.
"S Robson Walton". Forbes. September 2013. Retrieved December 25, 2013.
^ "2013's Top 20 Billionaires". Forbes. 2013. Archived from the original on March 10, 2013. Retrieved December 25, 2013.
^ "The World's Billionaires #26 S Robson Walton". Forbes. May 3, 2008. Retrieved December 25, 2013.
^ Serwer, Andy (November 15, 2004). "The Waltons: Inside America's Richest Family". Fortune. Retrieved February 20, 2011.
^ Ortega, Bob (October 20, 1998). In Sam We Trust. Times Business/Random House. pp. 413. ISBN 0-8129-6377-6.
Thomas C. Hayes (April 7, 1992). "Wal-Mart's Leadership Remains in the Family". The New York Times.
"Broncos and Walton-Penner family enter into a purchase and sale agreement". DenverBroncos.com (Press release). June 7, 2022. Retrieved June 8, 2022.
Isenberg, Sydney; Renck, Troy (June 7, 2022). "Denver Broncos sold to Walmart heir Rob Walton". TheDenverChannel.com. Retrieved June 8, 2022.
Garfinkel, Noah (July 11, 2022). "Condoleezza Rice added to Denver Broncos ownership group". Axios. Retrieved July 11, 2022.
"Statement from Rob Walton on behalf of the Walton-Penner Family Ownership Group". DenverBroncos.com (Press release). August 2, 2022. Retrieved August 2, 2022.
DiLalla, Aric (August 10, 2022). "New Broncos Owner & CEO Greg Penner outlines key requirements for winning organization". DenverBroncos.com. Retrieved August 14, 2022.
DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN). SECOND JUDICIAL DISTRICT COURT STATE OF NEVADA, Washoe County. August 15, 2000.
"Billionaire Divorce. (Wal-Mart Stores Inc. Carolyn Walton, Robson Walton)". Entrepreneur. October 16, 2000.
Mitchell Van Homrigh, World’s richest family loses $27 billion May 18, 2022
"Rob Walton: Zero for the Family Foundation but Millions for Vintage Sports Cars". changewalmart.org. June 3, 2014. Archived from the original on September 27, 2018. Retrieved May 5, 2021.

External links

Walmart

Walton family

1st generation	Sam Walton Helen Walton James "Bud" Walton
2nd generation	S. Robson Walton John T. Walton Christy Walton Jim Walton Alice Walton Ann Walton Kroenke Nancy Walton Laurie
3rd generation	Lukas Walton Whitney Ann Kroenke Josh Kroenke Carrie Walton Penner Elizabeth Paige Laurie

Chairmen

President/CEO

Former execs

Marc Lore

Current assets

North America	Walmart Labs Amigo Supermarkets Sam's Club Walmart Canada Hayneedle
International	Bodega Aurrerá Bompreço Flipkart Massmart Seiyu Líder Walmart de México y Centroamérica

Brands

Former assets

Shootings
- Las Vegas, Nevada (2014)
- Beavercreek, Ohio (2014)
- Thornton, Colorado (2017)
- El Paso, Texas (2019)
- Chesapeake, Virginia (2022)
Criticism of Walmart
Wal-Mart: The High Cost of Low Price
People of Walmart
History of Walmart
List of assets owned by Walmart
Why Wal-Mart Works; and Why That Drives Some People C-R-A-Z-Y
Walmart greeter
Walmarting

v t e Denver Broncos
Founded in 1960 Based in Denver, Colorado Headquartered in Dove Valley, Colorado
Franchise	History All-time roster Starting quarterbacks Coaches Seasons First-round draft picks
Stadiums	Mile High Stadium Empower Field at Mile High
Key personnel	Owners Rob Walton Greg Penner (CEO) Carrie Walton Penner Mellody Hobson Condoleezza Rice Lewis Hamilton General manager George Paton Head coach Sean Payton Consultant John Elway
Culture	A Few Seconds of Panic Alan Roach Barrel Man Bucky the Bronco Cheerleaders Elway to Marino Everybody's All-American "Hold That Mork" (Mork & Mindy episode) "Joy to the World" Miles Orange Crush Defense "Rocky Mountain Way" South Park "Cartman's Mom Is a Dirty Slut" "Sarcastaball" Thunder "You Only Move Twice" (The Simpsons episode)
Lore	1977 season (Broncomania) Snowball Game The Drive The Fumble Tebowmania 3:16 game Mile High Miracle No Fly Zone
Rivalries	Kansas City Chiefs Las Vegas Raiders Los Angeles Chargers New England Patriots Brady–Manning rivalry Pittsburgh Steelers Seattle Seahawks
Retired numbers	7 18 44
Division championships (15)	1977 1978 1984 1986 1987 1989 1991 1996 1998 2005 2011 2012 2013 2014 2015
Conference championships (8)	1977 1986 1987 1989 1997 1998 2013 2015
League championships (3)	1997 (XXXII) 1998 (XXXIII) 2015 (50)
Media	Radio network Dave Logan Brian Griese Scott Hastings Ed McCaffrey Alan Roach TV: KUSA 9News Radio: 850 KOA (AM)
Current league affiliations	League: National Football League (1970–present) Conference: American Football Conference Division: West Division
Former league affiliation	League: American Football League (1960–1969)

v t e Denver Broncos owners
Bob Howsam (1959–1961) Gerald Phipps (1961–1981) Edgar Kaiser Jr. (1981–1984) Pat Bowlen (1984–2019) Bowlen estate (2019–2022) Rob Walton & Greg Penner (2022–present)

NFL franchise owners

American Football Conference

East	North	South	West
Terry and Kim Pegula (Bills) Stephen Ross (Dolphins) Robert Kraft (Patriots) Woody and Christopher Johnson (Jets)	Steve Bisciotti (Ravens) Mike Brown (Bengals) Jimmy and Dee Haslam (Browns) Art Rooney II (Steelers)	Cal McNair (Texans) Jim Irsay (Colts) Shahid Khan (Jaguars) Amy Adams Strunk (Titans)	Rob Walton (Broncos) Clark Hunt (Chiefs) Dean Spanos (Chargers) Mark and Carol Davis (Raiders)

National Football Conference

East	North	South	West
Jerry Jones (Cowboys) John Mara and Steve Tisch (Giants) Jeffrey Lurie (Eagles) Josh Harris (Commanders)	Virginia Halas McCaskey (Bears) Sheila Ford Hamp (Lions) Green Bay Packers, Inc. (Packers) Zygi Wilf (Vikings)	Arthur Blank (Falcons) David Tepper (Panthers) Gayle Benson (Saints) Bryan Glazer (Buccaneers)	Michael Bidwill (Cardinals) Stan Kroenke (Rams) John and Denise York (49ers) Jody Allen (Seahawks)

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