Walton family fortune balloons to $175.2 billion after Walmart reports hot holiday earnings [Financial Post (Toronto, Ontario, Canada)]
Walmart Inc. (WMT)
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Source: Financial Post
Walton family fortune balloons to $175.2 billion after Walmart reports hot holiday earnings 'The Walton family makes more money in one minute than Walmart workers do in an entire year' Walmart Inc.’s best holiday quarter in a decade meant a US$3.3-billion gain Tuesday in the Walton family fortune. Shares of the world’s largest retailer rose 2.2 per cent after it reported fourth-quarter results, pushing the wealth of the founder’s family to US$175.2 billion, according to the Bloomberg Billionaires Index. It’s increased more than US$14 billion since the first of the year. The bump to the world’s richest family’s net worth comes as some politicians, including Senator Bernie Sanders, are calling for checks on such enormous fortunes. Sanders, the self-described democratic socialist who announced Tuesday he’s making another run for president as a Democrat, criticized the family’s wealth in a tweet earlier this month. “The Walton family makes more money in one minute than Walmart workers do
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