In this success post, we are going to share the story of Lukas Walton, an American Billionaire, is the grandson of Sam Walton, the founder of the global retail giant Walmart.
He works as the director of the Walton Family Foundation that supports education and protects oceans and rivers. The family led foundation also works towards community development and health care.
In the year 2015, the philanthropic foundation donated more than $370 million for various causes. The foundation also donated $8 million to StudentFirst in 2013, $20 million to the Jones Trust in 2012, $25 million to KIPP Foundation, in the year 2011, $49.5 million to ‘Teach For America Chicago’ in the year 2011 and $200 million to the ‘University of Arkansas’ in the year 2011.
He was ranked 60th on the Forbes list of billionaires in the year 2018.
Lukas Walton Childhood & Early Life
Lukas Tyler Walton was born in the year 1986, to John T Walton and his wife, Christy. He is the grandson of Sam Walton of the Walmart founder .
His grandfather joined the J.C. Penney, an American departmental store chain. After even working there as a management trainee for more than two years, he quit serving the ‘US Army.’
After his discharge, Sam opened his first ‘Ben Franklin’ store in Arkansas. With time, he opened several ‘Ben Franklin’ stores across the US. Moreover, Sam founded ‘Walmart’ in the year 1962. The company soon became the biggest MNC in the US.
When Lukas was just three years old, he was diagnosed with rare kidney cancer that spread to his lungs. Moreover, he recovered from the disease within six months.
Lukas attended ‘Journey School’ before joining the ‘Colorado College’ to earn a degree in environmentally sustainable business.
He graduated in the year 2010. He also studied energy efficiency and hydrological energy in Reykjavik, Iceland.
Lukas Walton Career
After graduated, Lukas started working for a venture capital company named ‘True North Venture Partners’. The firm was founded by Michael J Ahearn, who later became its Managing Partner.
Michael is also a former partner and present of the ‘JWMA,’ the investment firm he had started with John T Walton, Lukas’s father. Lukas also owns stakes in companies such as Arvest Bank, First Solar, apart from Walmart.
He is also the chairperson of the Environmental Program Committee of the Walton Family Foundation.
It has its headquarters in Arkansas, with offices in Washington, Jersey City, New Jersey, and Denver, Colorado. The foundation provided $535 million in grants towards its projects.
Lukas Walton Awards & Achievements
Lukas was ranked as 42th on the Forbes list of billionaires of 2019. The Bloomberg Billionaire Index ranked him 57 among the World 500 Richest People.
He has also been ranked 33 on the Forbes 400 list, which is a list of wealthiest people in America.
Lukas Walton Personal Life
Lukas has always kept a low profile in the media, and very little is known about his personal life. He is reportedly single as of now.
He has a net worth of around $11 billion. According to the recent reports, following the death of his father, he has inherited twice the amount his mother had inherited.
Lukas Walton Net Worth
Lukas Walton has shares in First Solar and Walmart; he does not work for either of the companies. His wealth is a result of the inheritance of his father’s estate. According to the latest reports, he has a net worth of around $12 billion.
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