The world’s richest woman, Alice Walton, and her brother Jim Walton have seen their collective net worth drop by $5.4 billion following a decline in Walmart Inc.’s stock over the past month.
According to Forbes’ real-time billionaire rankings, each sibling lost $2.7 billion, bringing Alice Walton’s fortune to $101.2 billion and Jim Walton’s to $108.9 billion. The decline follows a 3.09% dip in Walmart’s stock price, which closed at $91.72 per share on March 7.
Despite Walmart’s strong long-term growth, investor concerns over margin pressures and shifting consumer spending patterns have contributed to the recent decline in stock value. However, Walmart has outperformed the broader retail supermarket industry over the past year, with its stock rising 59.3% compared to the industry’s 55.6% gain. The company’s success has been driven by its omnichannel strategy, integrating digital sales with physical stores, and expanding into advertising and delivery services.