S. Robson Walton

Early life and family

Rob Walton was born on October 27, 1944, in Tulsa, Oklahoma, the oldest of four children of Sam Walton (1918–1992), cofounder of Walmart, and Helen Walton (1919–2007). He has a younger brother, Jim Walton, and a younger sister, Alice Walton. Another brother, John Walton, died in 2005.

Walton attended The College of Wooster and graduated from the University of Arkansas in 1966 with a Bachelor of Science degree in business administration, where he was a member of the Lambda Chi Alpha fraternity. He received his juris doctor degree from Columbia Law School in 1969. Walton is also a trustee at The College of Wooster.

After graduation, Walton became a member of the law firm Conner & Winters in Tulsa, Oklahoma , which represented Walmart. In 1978, he left Tulsa to join Walmart as a senior vice president, and in 1982, he was appointed vice chairman. He was named chairman of the board of directors on April 7, 1992, two days after his father's death.

Along with his siblings, he has pledged about $2 billion to the Walton Family Foundation from 2008 to 2013.

On June 7, 2022, an ownership group led by Walton entered into an agreement to purchase the Denver Broncos from the estate of Pat Bowlen for $4.65 billion, which set the record for the most expensive sale of a sports franchise in history, subject to approval from the NFL's finance committee and a 3/4 majority of the full NFL ownership group. Former Secretary of State Condoleezza Rice was announced as added to the ownership group on July 11, 2022. The family then announced on August 2, 2022, that Lewis Hamilton would be added to the ownership group. Walton delegated most day-to-day authority to his son-in-law, Walmart chairman Greg Penner, who took over as CEO of the franchise and the public face of the ownership group.

Personal life

By the time he left Tulsa in 1978, Walton had three children, was divorced from his first wife, and had remarried to Carolyn Funk. He and Carolyn filed for divorce in 2000. He married his third wife Melani Lowman-Walton in 2005. His children include Carrie Walton Penner.

Walton is a well-known collector of automobiles.

References

References

1. "Rob Walton & family".
2. (August 9, 2022). "NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise". NFL.com.
3. O'Halloran, Ryan. (August 9, 2022). "Broncos officially in new hands with approval of Walton as owner".
4. (April 14, 2022). "Who Is Rob Walton, The Billionaire Who Reportedly Plans To Put In A Bid For The Denver Broncos?". [[CBS News]].
5. (September 2013). "S Robson Walton". [[Forbes]].
6. (2013). "2013's Top 20 Billionaires". [[Forbes]].
7. (May 3, 2008). "The World's Billionaires #26 S Robson Walton". [[Forbes]].
8. Thomas C. Hayes. (April 7, 1992). "Wal-Mart's Leadership Remains in the Family". [[The New York Times]].
9. (June 7, 2022). "Broncos and Walton-Penner family enter into a purchase and sale agreement".
10. Isenberg, Sydney. (June 7, 2022). "Denver Broncos sold to Walmart heir Rob Walton". TheDenverChannel.com.
11. Garfinkel, Noah. (July 11, 2022). "Condoleezza Rice added to Denver Broncos ownership group". Axios.
12. (August 2, 2022). "Statement from Rob Walton on behalf of the Walton-Penner Family Ownership Group".
13. DiLalla, Aric. (August 10, 2022). "New Broncos Owner & CEO Greg Penner outlines key requirements for winning organization".
14. [http://www.ccwashoe.com/public/ck_public_qry_doct.cp_dktrpt_docket_report?backto=D&case_id=DV00-01797&begin_date=&end_date= DV00-01797 - S. ROBSON WALTON VS. CAROLYN F. WALTON (DIVORCE - NO CHILDREN)]. SECOND JUDICIAL DISTRICT COURT STATE OF NEVADA, Washoe County. August 15, 2000.
15. (October 16, 2000). "Billionaire Divorce. (Wal-Mart Stores Inc. Carolyn Walton, Robson Walton)". [[Entrepreneur (magazine).
16. (June 3, 2014). "Rob Walton: Zero for the Family Foundation but Millions for Vintage Sports Cars".