How Wal-Mart Made One Family Filthy Rich

Sam Walton's shrewdest move just may have been handing over control of Wal-Mart to his kids decades before it got huge.

Jun 24, 2014 at 7:33PM


Wal-Mart (NYSE:WMT) is the world's largest retailer and the lasting legacy of its founder, Sam Walton. While Wal-Mart's retail dominance is well known, what may be less known is how his children (and grandchildren) control the company today.

Indeed, through some smart planning decades before Wal-Mart became the behemoth it is today, Walton gave 80% of the company to his children. That early gift set the stage for the Walton family to become one of the wealthiest families on the planet. The family's stake is largely held in the family holding company Walton Enterprises and now amounts to about 50% of Wal-Mart's shares -- about $122 billion, which is enough to essentially control the company.

The slideshow below shows how Walton's gift became that multibillion-dollar family legacy.

How Walmart Made One Family Filthy Rich from The Motley Fool.

How will Walmart get paid in the future?
Though Walmart and other retailers depend on consumers swiping their credit cards for a huge chunk of their revenue, the plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.

Chuck Saletta does not own shares of any company mentioned in this article. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

Something big just happened

I don't know about you, but I always pay attention when one of the best growth investors in the world gives me a stock tip. Motley Fool co-founder David Gardner (whose growth-stock newsletter was rated #1 in the world by The Wall Street Journal)* and his brother, Motley Fool CEO Tom Gardner, just revealed two brand new stock recommendations moments ago. Together, they've tripled the stock market's return over 12+ years. And while timing isn't everything, the history of Tom and David's stock picks shows that it pays to get in early on their ideas.

Click here to be among the first people to hear about David and Tom's newest stock recommendations.

*"Look Who's on Top Now" appeared in The Wall Street Journal which references Hulbert's rankings of the best performing stock picking newsletters over a 5-year period from 2008-2013.

Compare Brokers