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Lukas Walton owned 21% as of the start of the year, more than 3x Vanguard which owns 6.62%. I don't know about the rest of the Walton family - at one point the
by markrote 7y ago
Lukas Walton owned 21% as of the start of the year, more than 3x Vanguard which owns 6.62%. I don't know about the rest of the Walton family - at one point the entire company was Walton owned - but that's nearly $1.5B owned by the company's "Significant Shareholder". I have no idea about the merits of this case but one should note that it's not uncommon for competing companies to sue each other.
- perl4ever 7y ago"Lukas Walton owned 21% as of the start of the year" Are you sure about that? Do you have an authoritative source? I get zero hits for Lukas among Wal-Mart shareholder disclosures on sec.gov. Jim Walton, by contrast, does show up. Also, Wal-Mart is trading for about $320B, so $1.5B is more like half a percent than twenty percent.
- microtherion 7y agoAnd Forbes lists Lukas' net worth at $17.6B, so unless he has a ton of other debt, he cannot possibly own more than about 5% of Wal-Mart.
- elithrar 7y agoThe parent is inferring that Lukas owns a non-insignificant stake of First Solar, a quasi-competitor of Solar City/Telsa, not Walmart themselves.
- dgacmu 7y agoThey're referring, I believe, to the ownership of FSLR: https://finance.yahoo.com/quote/FSLR/ https://finance.yahoo.com/quote/FSLR/ And Walton is at 21%: https://m.marketscreener.com/FIRST-SOLAR-INC-37008/company/ https://m.marketscreener.com/FIRST-SOLAR-INC-37008/company/
- perl4ever 7y agoOk, sure, but I've lost the thread here. Walton sounds like Walmart, and so does Wall Street and walrus. And this means...?