Walmart announced Thursday that eight grandchildren of founder Sam Walton will gain voting rights over the family's holdings, expanding the total number of voting members to 11 in a significant transition of power for America's wealthiest retail dynasty.

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Walmart Founder Gives Voting Power To 8 Grandchildren As Walton Family Strengthens Control Over $345 Billion Retail Empire - Walmart (NYSE:WMT)

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The Walton siblings.AP/April L. Brown
The Walmart heirs' combined estimated net worth is nearly $380 billion. All three of Sam Walton's surviving children have now made it into the $100 billion club. In public, the Waltons live relatively modest lifestyles despite their wealth. All three of Walmart founder Sam Walton's surviving children have made it into the $100 billion club as the retail giant's share price continues to soar.The combined weal…

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Business Insider

The Walton family empire: Inside the lives of the billionaire Walmart heirs

The Walton family, one of richest dynasties in the U.S., is now handing over more control of Walmart (WMT) to the next generation.Read more...

Quartz

The Walmart family is handing over more control to the next generation

All three of Walmart founder Sam Walton’s surviving children have made it into the $100 billion club as the retail giant’s share price continues to soar. The combined wealth of the Walmart heirs — which include founder Sam Walton’s children, Rob, Jim, and Alice, as well as his grandson Lukas — is nearly $380 billion, according to the Bloomberg Billionaires Index. Together, they’re significantly ahead of the top individual names on the list, such…

Walmart Founder Gives Voting Power To 8 Grandchildren As Walton Family Strengthens Control Over $345 Billion Retail Empire - Walmart (NYSE:WMT)

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