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{{Short description|American billionaire and heir}}
{{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}}
{{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}}
{{Use mdy dates|date=December 2013}}
{{Infobox person
{{Infobox person
| name = S. Robson Walton
| name = S. Robson "Rob" Walton
| image = S. Robson Walton by Gage Skidmore.jpg
| image = S. Robson Walton by Gage Skidmore.jpg
| caption = Walton in 2017
| caption = Walton in 2017
| birth_date = {{birth date and age|1944|10|28}}
| birth_date = {{birth date and age|1944|10|27}}<ref name="Basquez"/>
| birth_place = [[Tulsa, Oklahoma]], U.S.
| birth_place = [[Tulsa, Oklahoma]], U.S.
| education = [[University of Arkansas]]<br /> [[Columbia Law School]]
| education = [[University of Arkansas]] ([[Bachelor of Science|BS]])<br />[[Columbia Law School]] ([[Juris Doctor|JD]])
| occupation = Businessman
| occupation = Businessman
| title = Former chairman of [[Walmart]](1992–2015)
| title = Former chairman of [[Walmart]] (1992–2015)
| known_for = [[Walton family]] fortune
| known_for = [[Walton family]] fortune
| boards = Walmart, [[Denver Broncos]]
| boards = [[Walmart]], [[Denver Broncos]]
| spouse = first wife<br /> Carolyn Funk<br /> {{marriage|Melani Lowman|2005}}
| spouse = {{plainlist|
* Carolyn Funk
* {{marriage|Melani Lowman|2005}}
⚫
| children = 3, including [[Carrie Walton Penner]]<ref name="Serwer" />
| parents = {{Plainlist |
⚫
* [[Sam Walton]] (father)
⚫
* [[Helen Walton]] (mother)
}}
}}
⚫
| children = 3, including [[Carrie Walton Penner|Carrie]]
⚫
| father = [[Sam Walton]]
⚫
| mother = [[Helen Walton]]
| relatives = [[John T. Walton]] (brother)<br />[[Jim Walton]] (brother)<br />[[Alice Walton]] (sister)<br />[[Kelly Rohrbach]] (daughter-in-law)
}}
}}


'''Samuel Robson “Rob” Walton''' (born October 28, 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 March 2022, Walton had an estimated net worth of US$62.0 billion, making him [[Bloomberg Billionaires Index|the 18th richest person in the world]].<ref name="rob_netw">{{cite news|url=https://www.bloomberg.com/billionaires/profiles/samuel-r-walton/ |title= Bloomberg Billionaires Index: Rob Walton |website=[[Bloomberg News|Bloomberg]] |access-date=March 3, 2022}}</ref> He is also the owner of the [[Denver Broncos]] National Football League team.<ref>{{Cite web |last=O'Halloran |first=Ryan |date=2022-08-09 |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/ |access-date=2022-08-09 |website=The Denver Post |language=en-US}}</ref>
'''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 November 2023, Walton had an estimated net worth of US$72 billion, making him [[Bloomberg Billionaires Index|the 16th richest person in the world]].<ref name="rob_netw">{{cite news|url=https://www.bloomberg.com/billionaires/profiles/samuel-r-walton/ |title= Bloomberg Billionaires Index: Rob Walton |website=[[Bloomberg News|Bloomberg]] |access-date=November 5, 2023}}</ref> He is also the principal owner of the [[Denver Broncos]].<ref>{{cite news|author=Around the NFL staff|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|website=NFL.com|date=August 9, 2022|access-date=October 4, 2022|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>


==Early life and family==
==Early life and family==
[[File:S. Robson Walton.jpg|right|thumb|Walton in 2011]]
[[File:S. Robson Walton.jpg|right|thumb|Walton in 2011]]
Rob Walton was born on October 28, 1944, in [[Tulsa, Oklahoma]],<ref name="Forbes" /><ref name="age">Rob Walton was born in 1944; Forbes listed his age as 66 in March 2011 and 67 in September 2011.</ref><ref>{{cite book |url=https://books.google.com/books?id=haF1pOaAxNwC&q=1944&pg=PA24 |title=In Sam we trust: the untold story of Sam Walton and how Wal-Mart is devouring the world |first=Bob |last=Ortega |publisher=Kogan Page Publishers |year=1999 |isbn=978-0-7494-3177-8 |page=24}}</ref> 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 T. Walton|John Walton]], died in 2005.<ref name=ForbesRW1309>{{cite web|url=https://www.forbes.com/profile/s-robson-walton/|title=S Robson Walton|work=[[Forbes]]|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=[[Forbes]]|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=[[Forbes]]|date=May 3, 2008|access-date=December 25, 2013}}</ref>
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=[[CBS News]] |date=April 14, 2022}}</ref> 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 T. Walton|John Walton]], died in 2005.<ref name=ForbesRW1309>{{cite web|url=https://www.forbes.com/profile/s-robson-walton/|title=S Robson Walton|work=[[Forbes]]|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=[[Forbes]]|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=[[Forbes]]|date=May 3, 2008|access-date=December 25, 2013}}</ref>


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.<ref name="Serwer" /><ref name=TWB26RW75/>
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.<ref name="Serwer" /><ref name=TWB26RW75/>


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=[[The New York Times]] |date =April 7, 1992}}</ref>
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=[[The New York Times]] |date =April 7, 1992}}</ref>


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


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.<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|url-status=live}}</ref><ref>{{cite news|title=Denver Broncos sold to Walmart heir Rob Walton|url=https://www.thedenverchannel.com/sports/broncos/denver-broncos-sold-to-walmart-heir-rob-walton|website=TheDenverChannel.com|date=June 7, 2022|access-date=June 8, 2022|url-status=live}}</ref> Former Secretary of State Condoleezza Rice was announced as added to the ownership group on July 11, 2022.<ref>{{cite news|title=Condoleezza Rice added to Denver Broncos ownership group
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.<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|title=Denver Broncos sold to Walmart heir Rob Walton|url=https://www.thedenverchannel.com/sports/broncos/denver-broncos-sold-to-walmart-heir-rob-walton|website=TheDenverChannel.com|date=June 7, 2022|access-date=June 8, 2022}}</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 [[Lewis Hamilton]] 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 [[Greg Penner]], 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>
|url=https://www.axios.com/2022/07/11/condoleezza-rice-denver-broncos?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=sports-broncos|website=Axios|date=July 11, 2022|access-date=July 11, 2022|url-status=live}}</ref> The family then announced on August 2, 2022, that [[Sir Lewis Hamilton]] will 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|url-status=live}}</ref>


==Personal life==
==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">[http://www.ccwashoe.com/public/ck_public_qry_doct.cp_dktrpt_docket_report?backto=D&case_id=DV00-01797&begin_date=&end_date= DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN)]. 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= [[Entrepreneur (magazine)|Entrepreneur]] |date=October 16, 2000}}</ref> His children include [[Carrie Walton Penner]].
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">[http://www.ccwashoe.com/public/ck_public_qry_doct.cp_dktrpt_docket_report?backto=D&case_id=DV00-01797&begin_date=&end_date= DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN)]. 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= [[Entrepreneur (magazine)|Entrepreneur]] |date=October 16, 2000}}</ref> His children include [[Carrie Walton Penner]].


In 2022, due to a decline in Wal-Mart's share price, Rob and his siblings lost more than $27 billion.<ref>Mitchell Van Homrigh, [https://www.news.com.au/finance/business/retail/worlds-richest-family-loses-27-billion/news-story/d96fb103ecc736eaa3649e60a46ea572 World’s richest family loses $27 billion] May 18, 2022</ref>
In 2022, due to a decline in Walmart's share price, Rob and his siblings lost more than $27 billion.<ref>Mitchell Van Homrigh, [https://www.news.com.au/finance/business/retail/worlds-richest-family-loses-27-billion/news-story/d96fb103ecc736eaa3649e60a46ea572 World’s richest family loses $27 billion] 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>
== Car collection ==
⚫
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> His car collection is valued in excess of US$300 million and includes:

* [[Ferrari 250 GTO]] s/n 5575GT
* Ferrari 250 GTO s/n 3607
* Ferrari 250 SWB
* Ferrari 250 GT SWB California Spyder
* Ferrari 250 LM
* Ferrari 250 Testa Rossa
* Ferrari 275 GTB Competizione Speciale
* Ferrari 250 GT Zagato Berlinetta
* Ferrari 575 GT Zagato
* [[McLaren F1]] #052, purchased from [[Lawrence Stroll]].
* [[Shelby Daytona]] chassis CSX2286
* 1963 Aston Martin DP215 Grand Touring Competition Prototype
* [[Ford GT40]] MK1


==References==
==References==
Line 69: Line 55:
|work= Fortune |first= Andy |last= Serwer
|work= Fortune |first= Andy |last= Serwer
|date= November 15, 2004 |access-date= February 20, 2011}}
|date= November 15, 2004 |access-date= February 20, 2011}}
</ref>

<ref name="Forbes">{{cite web
|title= S. Robson Walton Profile - Forbes
|url= https://www.forbes.com/profile/s-robson-walton
|work= [[Forbes]] |date= March 9, 2013 |access-date= November 30, 2013}}
</ref>
</ref>


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[[Category:American car collectors]]
[[Category:American car collectors]]
[[Category:American chairpersons of corporations]]
[[Category:American chairpersons of corporations]]
[[Category:American corporate directors]]
[[Category:American retail chief executives]]
[[Category:American retail chief executives]]
[[Category:Businesspeople from Arkansas]]
[[Category:Businesspeople from Arkansas]]

Revision as of 15:36, 14 June 2024

"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 79)[1]
Tulsa, Oklahoma, U.S.
EducationUniversity of Arkansas (BS)
Columbia Law School (JD)
OccupationBusinessman
Known forWalton family fortune
TitleFormer chairman of Walmart (1992–2015)
Board member ofWalmart, Denver Broncos
Spouses
  • Carolyn Funk
Melani Lowman
​
(m. 2005)​
Children3, including Carrie
Parents
RelativesJohn T. Walton (brother)
Jim Walton (brother)
Alice Walton (sister)
Kelly Rohrbach (daughter-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 November 2023, Walton had an estimated net worth of US$72 billion, making him the 16th richest person in the world.[2] He is also the principal owner of the Denver Broncos.[3][4]

Early life and family

Walton in 2011

Rob Walton was born on October 27, 1944,[1] 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.[5][6][7]

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.[8][7]

After graduation, Walton became a member of the law firm that represented Walmart, Conner & Winters in Tulsa, Oklahoma.[8] In 1978, he left Tulsa to join Walmart as a senior vice president,[8] and in 1982, he was appointed vice chairman.[9] He was named chairman of the board of directors on April 7, 1992, two days after his father's death.[10]

Along with his siblings, he has pledged about $2 billion to the Walton Family Foundation from 2008 to 2013.[6]

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.[11][12] Former Secretary of State Condoleezza Rice was announced as added to the ownership group on July 11, 2022.[13] The family then announced on August 2, 2022, that Lewis Hamilton would be added to the ownership group.[14] 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.[15]

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.[9][16][17] 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.[18]

Walton is a well-known collector of automobiles.[19]

References

  1. ^ a b 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.
  2. ^ "Bloomberg Billionaires Index: Rob Walton". Bloomberg. Retrieved November 5, 2023.
  3. ^ Around the NFL staff (August 9, 2022). "NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise". NFL.com. Retrieved October 4, 2022.
  4. ^ O'Halloran, Ryan (August 9, 2022). "Broncos officially in new hands with approval of Walton as owner". DenverPost.com. Retrieved October 4, 2022.
  5. ^ "S Robson Walton". Forbes. September 2013. Retrieved December 25, 2013.
  6. ^ a b "2013's Top 20 Billionaires". Forbes. 2013. Archived from the original on March 10, 2013. Retrieved December 25, 2013.
  7. ^ a b "The World's Billionaires #26 S Robson Walton". Forbes. May 3, 2008. Retrieved December 25, 2013.
  8. ^ a b c Serwer, Andy (November 15, 2004). "The Waltons: Inside America's Richest Family". Fortune. Retrieved February 20, 2011.
  9. ^ a b Ortega, Bob (October 20, 1998). In Sam We Trust. Times Business/Random House. pp. 413. ISBN 0-8129-6377-6.
  10. ^ Thomas C. Hayes (April 7, 1992). "Wal-Mart's Leadership Remains in the Family". The New York Times.
  11. ^ "Broncos and Walton-Penner family enter into a purchase and sale agreement". DenverBroncos.com (Press release). June 7, 2022. Retrieved June 8, 2022.
  12. ^ "Denver Broncos sold to Walmart heir Rob Walton". TheDenverChannel.com. June 7, 2022. Retrieved June 8, 2022.
  13. ^ Garfinkel, Noah (July 11, 2022). "Condoleezza Rice added to Denver Broncos ownership group". Axios. Retrieved July 11, 2022.
  14. ^ "Statement from Rob Walton on behalf of the Walton-Penner Family Ownership Group". DenverBroncos.com (Press release). August 2, 2022. Retrieved August 2, 2022.
  15. ^ DiLalla, Aric (August 10, 2022). "New Broncos Owner & CEO Greg Penner outlines key requirements for winning organization". DenverBroncos.com. Retrieved August 14, 2022.
  16. ^ DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN). SECOND JUDICIAL DISTRICT COURT STATE OF NEVADA, Washoe County. August 15, 2000.
  17. ^ "Billionaire Divorce. (Wal-Mart Stores Inc. Carolyn Walton, Robson Walton)". Entrepreneur. October 16, 2000.
  18. ^ Mitchell Van Homrigh, World’s richest family loses $27 billion May 18, 2022
  19. ^ "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

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