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Nov 18, 2016 @ 10:16

Waltons Lose $3.2 Billion After Wal-Mart Sales Fall Short: Chart

 

The world’s richest family just became $3.2 billion poorer after Wal-Mart Stores Inc.’s brick-and-mortar sales fell short of expectations last quarter.

Shares of the retailer dropped 3.1 percent on Thursday, leaving Alice, Christy, Jim, Lukas and Rob Walton with a combined $119 billion, according to the Bloomberg Billionaires Index.

The five Waltons remain $28 billion richer than the heirs to the Mars Inc. candy fortune, where John, Jacqueline and the estate of Forrest Mars share $92 billion.

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