- Home
- slideshows
- miscellaneous
- Meet Lukas Walton, the fiercely private heir to the Walmart empire and one of the youngest billionaires in America
Meet Lukas Walton, the fiercely private heir to the Walmart empire and one of the youngest billionaires in America
John left about one-sixth of his fortune to his wife, Christy, one-third to his only son, Lukas, and the remaining half to charitable trusts.
Lukas also inherited his father's 20% interest in Walton Enterprises, the family holding company that, together with a different family trust, owns a 50.2% stake in Walmart.
Source: Business Insider, Bloomberg
Forbes listed Lukas as the 28th richest American in 2019 but gave him a self-made score of one (out of 10), indicating that he inherited his fortune but is not actively increasing it.
Lukas attended Colorado College where he created his own major focusing on environmentally sustainable business and later studied energy efficiency and hydrological/geothermal energy in Iceland.
Source: Forbes, Intelligencer, Walton Family Foundation
Rob Walton, the eldest son of Sam Walton, believes that his family's 'environmental focus really grew out of a family connection to the land.'
Source: Walton Family Foundation
Sam and his wife, Helen, are said to have instilled a love for the environment in their children and grandchildren, with yearly outings to places like the Buffalo National River, Yellowstone, and the Grand Canyon.
Source: Walton Family Foundation
In recent years Lukas has applied his studies and passion for sustainable business to investments and projects undertaken by the Walton Family Foundation, an organization aimed at finding solutions to social and environmental problems.
Source: Walton Family Foundation
Lukas serves as the Environment Program Committee Chair and is also a Board Member for the organization. He is reported to have donated at least $149 million of his own fortune to the foundation.
Source: Walton Family Foundation, Forbes
Forbes reports that between 2014 and 2018 the Walton Family Foundation donated almost $1 billion to K-12 education programs and $441 million to environmental projects.
Source: Forbes, Walton Family Foundation
On the foundation's work, Lukas recalled that 'one of the first grants that we did back in the day was help to develop a sustainable fisheries label. That to me, was a shooting star, was a golden emblem of what would be a successful marketplace development.'
Source: Walton Family Foundation
Besides his work for the Walton Family Foundation, Lukas keeps a low public profile. He has no known social media sites and other personal details are largely absent online.
Source: Business Insider
Popular Right Now
Advertisement