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Walton Family Loses $600 Million in Net Worth
According to the Bloomberg Billionaire Index, each of the three Walton children, born to Walmart Inc. (NYSE WMT) founder Sam Walton, has lost $600 million of their net worth so far this year.
The Walmart heirs are worth $330 billion. Sam Walton's smart move in the 1950s is a big reason why.
Walton shared the main benefit of the structure in his autobiography, "Sam Walton: Made in America ... Walton passed down 80% ...