The Walton family, considered the richest in the world, has sold 16.7 million shares in Walmart, one of the world’s largest multinationals.
The Walton Family Holdings Trust, the family’s main investment vehicle, and which secures half of its Walmart holdings, has sold €1.8 billion in shares since January 1, €412 million last week alone, according to Securities and Exchange Commission data.
These deals “are consistent with the family’s effort to maintain a proper financial balance of Walmart’s family and non-family ownership over time and on the other hand with the desire to help charities,” explained Randy Hargrove, spokesman for Bentonville, Arkansas-based company.
On the other hand, since it started its Buybacks program, Walmart has bought about 35.9 billion euros worth of shares, according to data compiled by Bloomberg.
