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 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.