9 years ago
Wal-Mart Heirs See $9 Billion Vanish in a Day as Shares Plummet
Watch out for falling fortunes. The four members of the Walton family controlling more than half the shares of Wal-Mart Stores Inc. had $11 billion of their combined net worth evaporate Wednesday as shares of the retailer plunged on a lower earnings outlook for the coming fiscal year. The billionaire Waltons -- Christy, Jim, Alice and Rob -- have a combined $120 billion fortune, according to the Bloomberg Billionaires Index...
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