6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

By Dustin Lushing,  Newser Staff

Posted Jul 18, 2012 6:00 PM CDT

(Newser) – Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That amount of wealth is equal to the total value held by a staggering 48.8 million US households.

In 2007, the six inheritors—who are the children of Walmart founders Sam and James Walton—boasted riches equal to the bottom 30% of Americans. But their assets have ballooned in value in the intervening three years. "It's just one example of the prevalence of income inequality in America," writes the Huffington Post. "The top 1% of American earners saw their incomes spike 275% between 1979 and 2007, while the bottom one-fifth of Americans saw their wealth grow by only 20%."

Jim Walton, left, Alice Walton, center, and Robson Walton, right, greet each other during the beginning of the Walmart shareholders meeting in Fayetteville, Ark., Friday, June 1, 2012.
Jim Walton, left, Alice Walton, center, and Robson Walton, right, greet each other during the beginning of the Walmart shareholders meeting in Fayetteville, Ark., Friday, June 1, 2012.   (AP Photo/April L. Brown)
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