Sam Walton's oldest son, Rob, will purchase the Denver Broncos in the National Football League.
The record for pro-team sales in North America will be broken.
The founder of Walmart is worth $58 billion.
Rob Walton will become the owner of the Broncos.
The Denver Broncos will be bought by an ownership group that includes his daughter and son-in-law. The sale is the most expensive for a sports team in North America.
One of the heirs to the Walmart empire has a net worth of almost $60 billion. He would be the wealthiest member of the elite group of NFL owners if he joined.
Sam Walton opened the first Walmart store in 1962, and his oldest son, Rob, is the oldest child.
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Sam Walton had a plan for the company's future. He created a family partnership for his share of Walmart stock in order to minimize estate taxes. Rob and his siblings were granted 20%, while Sam and his wife held 10%.
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John died in a plane crash in 2005, leaving his wealth to his wife and son. Rob, Jim, and Alice are some of the wealthiest people in the United States. According to Forbes, Rob Walton is worth over $60 billion.
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Rob spent two years at the College of Wooster in Ohio before transferring to the University of Arkansas, where he majors in accounting. He attended Columbia Law School after graduating from college.
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He practiced law after graduating from college. His father's company was one of the firm's clients, and he helped out when Walmart went public. He moved back to Arkansas because he was ready to return to the family business.
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As a senior vice president at Walmart, he joined the board. He pushed his dad to expand internationally. Rob doesn't want to talk about Clorox being on the third shelf. His knowledge base and ability to drill down is amazing. He has a photographic memory according to Lee Scott.
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In 1992, a day after his father's death, Walmart named him chairman.
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He has three children and three marriages. Greg Penner is the chairman of Walmart and his wife, Carrie Penner, is a board member at the Walton Family Foundation.
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A home in Paradise Valley, Arizona, land on Hawaii's Big Island, and a piece of land near Aspen, Colorado, have all been purchased by the billionaire, who is known for being modest.
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He's a collector of vintage cars, and once wrecked his car on a race track.
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The Denver Broncos, an NFL team that has been mired in a messy ownership battle for several years, was purchased in June of 2022. The price of the franchise was more than double the price of any other team.
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"We've always admired the Broncos, since we lived and worked in Colorado." We are inspired by the opportunity to steward this great organization in a vibrant community full of opportunity and passionate fans.
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