Biography
Rob Walton is the eldest son of Walmart founder Sam Walton. Walton took over as chairman upon his father's death in 1992. He retired as chairman in 2015 and was replaced by his son-in-law, Greg Penner. Walton retired from Walmart's board in 2024. He and other heirs of Sam Walton collectively own about 45% of Walmart's stock. In 2022, a group led by Walton bought the NFL's Denver Broncos for $4.7 billion. Walton transferred controlling ownership of the team to his son-in-law Greg Penner in 2023.