World's Richest Family Reveals $5 Billion Worth of Stock Picks
NDTV
The Waltons are the world's wealthiest family, worth $238 billion, according to the Bloomberg Billionaires Index
The Walton family is shedding light on its stock picks, revealing it held almost $5 billion in equities at the end of June through a little-known firm that helps invest its Walmart Inc. fortune.
That's up from $3.8 billion at the end of December, according to Securities and Exchange Commission filings from family investment company WIT LLC, an acronym for the Walton Investment Team which began disclosing its holdings this year. Most of the money was invested in low-cost exchange-traded funds such as the Vanguard FTSE Emerging Markets and Short-Term Treasury ETFs, but the family also disclosed stakes in companies including Apollo Global Management Inc., Snowflake Inc. and China's Pinduoduo Inc.
The Waltons are the world's wealthiest family, worth $238 billion, according to the Bloomberg Billionaires Index. About half that fortune is tied to the world's largest retailer, the company founded by Sam Walton in 1950.
For years, the family kept its investments quiet, but that's proving harder to do as they rake in billions by selling stock in Walmart. The family has sold about $6.5 billion in Walmart stock since the start of 2020.
