Forget Jeff Bezos, This Family Is Much Richer Than Him

Jeff Bezos is making all sorts of news with the amount he is earning. The speed with which his net worth is has raised in last few months, he is far above others in terms of making money. As of the current reports, he’s worth nearly $156 billion. But there is one family that is much richer than him- we are talking about the Walton family.

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Reports show that the heirs of Walmart founder Sam Walton together are wealthier. The net worth of seven members of the Walton family together counts around $174 billion, which is way more than Bezos’ $155.8 billion. This shows that even in this e-commerce dominated world, a company having physical stores still possesses more revenue. Yes, online stores can be an addition but offline stores contribute a lot.

The growth of Walmart has made Alice Walton the richest woman in the world with $46 billion, beating L’Oréal heiress Francoise Bettencourt Meyers. Even her brothers Jim ($46.4 billion) and Rob ($46.2 billion) rank among the nation’s top 20 richest.

Seeing Walmart, Amazon is focussing on its grocery business. For this, Jeff bought Whole Foods to compete with Walmart. Walmart announced recently that its grocery delivery service will be available in 40% of America in addition to grocery pickup option which is available in 1,800 locations already.

Also Read: How Alibaba Is Trying To Beat Amazon & Walmart In Indian E-Commerce Market

If Walmart continues to dominate like this, it is estimated that the family will soon cross $200 billion mark becoming the first family in history to achieve so.

With acquiring Flipkart, Walmart has cleared its intentions of targeting Indian market. The entry of Ikea has already created a buzz everywhere and it will be interesting to see how Walmart operates in India.