The Walton family, founders of Walmart, exemplify generational wealth transfers in the retail industry. Sam Walton started Walmart in 1962, and the company grew to become the world’s largest retailer, with a significant impact on the global retail landscape.
Sam Walton’s approach to generational wealth transfer included establishing a family-owned business and utilizing trust structures. By passing on ownership shares to family members and establishing the Walton Family Holdings Trust, the family has maintained control over Walmart and its associated wealth.
The Walton family has also engaged in philanthropy. In 1987, they created the Walton Family Foundation, which focuses on education, environmental conservation, and improving the quality of life in the communities they serve. Through strategic grant-making and investments, the family’s philanthropic efforts have had a significant social impact.