World’s Richest Lose $26 Billion as Walton Heirs Falter
By Danielle Burger
October 17, 2014 5:39 PM
The world's 400 wealthiest people dropped $26.2 billion from their collective net worth this week as stocks slumped amid concern global growth is slowing.
No one lost more than the Walton family. The heirs to Wal-Mart Stores Inc. founder Sam Walton shed $6.9 billion from their combined holdings in the world's biggest retailer after the Bentonville, Arkansas-based company cut its sales growth forecast and acknowledged the need to do a better job stocking shelves. Wal-Mart fell 5.4 percent this week.
By Danielle Burger
October 17, 2014 5:39 PM
The world's 400 wealthiest people dropped $26.2 billion from their collective net worth this week as stocks slumped amid concern global growth is slowing.
No one lost more than the Walton family. The heirs to Wal-Mart Stores Inc. founder Sam Walton shed $6.9 billion from their combined holdings in the world's biggest retailer after the Bentonville, Arkansas-based company cut its sales growth forecast and acknowledged the need to do a better job stocking shelves. Wal-Mart fell 5.4 percent this week.
