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World's Richest Family Loses $19 Billion in Walmart Wipeout
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Leroy N. Soetoro
May 18, 2022, 1:37:27 PM5/18/22
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https://www.msn.com/en-us/money/companies/world-s-richest-family-loses-19-
billion-in-walmart-wipeout/ar-
AAXnYu3?ocid=msedgdhp&pc=U531&cvid=990a9c465c5540b9891bfeedddc64527
(Bloomberg) -- The Walton family fortune tumbled almost $19 billion on
Tuesday after Walmart Inc. slashed its profit outlook.
Walmart, controlled by the family, fell 11% in New York trading after the
Bentonville, Arkansas-based company reported earnings that lagged
analysts’ estimates. Soaring inflation heaped pressure on the retailing
giant’s profit margins in the first quarter, testing the company’s
appetite to raise prices.
Read more: Walmart Slides After Cutting Profit Forecast on Rising Costs
The family’s late patriarch, Sam Walton, centered the business around a
discount ethos that has in the past helped buoy its stock during
recessionary times. Walton’s three surviving children, Alice, Jim and Rob,
daughter-in-law Christy and Christy’s son, Lukas, own just under half the
retailer, giving them a combined net worth of about $212 billion,
according to the Bloomberg Billionaires Index.
The family, which owns its stake through various trusts, has stepped up
its stock sales in recent years. They unloaded $6.2 billion in shares last
year, which the company has said is part of a strategy to keep the
family’s stake under 50% amid buybacks.
Those disposals have helped the Waltons accumulate significant wealth
outside their Walmart stake. An investment firm for the family invests
mostly in low-cost exchange-traded funds and held about $5.1 billion in US
stocks and ETFs at the end of the first quarter.
That’s armed them with ample funds for acquisitions. Rob Walton is said to
be bidding for the Denver Broncos, the first National Football League team
to be up for sale in four years. It’s expected to sell for more than $4
billion.
--
"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Donald J. Trump, cheated out of a second term by fraudulent "mail-in"
ballots. Report voter fraud: sf.n...@mail.house.gov
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
billion-in-walmart-wipeout/ar-
AAXnYu3?ocid=msedgdhp&pc=U531&cvid=990a9c465c5540b9891bfeedddc64527
(Bloomberg) -- The Walton family fortune tumbled almost $19 billion on
Tuesday after Walmart Inc. slashed its profit outlook.
Walmart, controlled by the family, fell 11% in New York trading after the
Bentonville, Arkansas-based company reported earnings that lagged
analysts’ estimates. Soaring inflation heaped pressure on the retailing
giant’s profit margins in the first quarter, testing the company’s
appetite to raise prices.
Read more: Walmart Slides After Cutting Profit Forecast on Rising Costs
The family’s late patriarch, Sam Walton, centered the business around a
discount ethos that has in the past helped buoy its stock during
recessionary times. Walton’s three surviving children, Alice, Jim and Rob,
daughter-in-law Christy and Christy’s son, Lukas, own just under half the
retailer, giving them a combined net worth of about $212 billion,
according to the Bloomberg Billionaires Index.
The family, which owns its stake through various trusts, has stepped up
its stock sales in recent years. They unloaded $6.2 billion in shares last
year, which the company has said is part of a strategy to keep the
family’s stake under 50% amid buybacks.
Those disposals have helped the Waltons accumulate significant wealth
outside their Walmart stake. An investment firm for the family invests
mostly in low-cost exchange-traded funds and held about $5.1 billion in US
stocks and ETFs at the end of the first quarter.
That’s armed them with ample funds for acquisitions. Rob Walton is said to
be bidding for the Denver Broncos, the first National Football League team
to be up for sale in four years. It’s expected to sell for more than $4
billion.
--
"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Donald J. Trump, cheated out of a second term by fraudulent "mail-in"
ballots. Report voter fraud: sf.n...@mail.house.gov
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
BeamMeUpScotty
May 18, 2022, 2:20:15 PM5/18/22
to
--
The only way to fight the STAGFLATION would be to shrink the size and
taxing and spending of the Government combined with raising the interest
rates to their NATURAL self determining rates rather than the FAKE
INTEREST RATES created by the DEMOCRATS under Obama/Biden-2008 and
Biden/Obama-2020....
The problem isn't "the economy stupid", the problem is
*the stupid government manipulated economy* .
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-That's karma-
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