Net worth of Walton family which controls Walmart is $151 billion

The net worth of Walton family which controls the retailer Walmart Inc is about $ 151 billion, according to Forbes. Walmart is world’s largest retailer and it had announced on Wednesday that it will acquire 77 percent in Flipkart, valuing the e-commerce at about $21 billion.

The world’s wealthiest family has by acquiring majority stake in Flipkart made its founders bigger billionaires. They were billionaires even before. Also the stature of Flipkart founders Sachin and Binny Bansal (they are not related to each other) has grown manifold since they could successfully sell majority stake to Walmart which for a long time had had been eyeing Indian retail market.

Flipkart co-founders Sachin and Binny were both employees at Amazon Inc. and had quit to start their own e-commerce firm.

By EP Web Desk

Published on: May 10, 2018 at 14:20 IST