Wal-Mart Rich Adds up to Bottom Half of America
Wal-Mart (WMT) shares are still trading near their all time high and today hit a new 52-week high. To celebrate the heirs to the largest retailer on the planet can buy you and your family and just about everyone else in America.
Dig this, the 6 heirs to Wal-Mart, the Walton family have more money than the bottom 42% of American families. In 2010 the Walton family was worth $89.5 billion, that was the same figure for the bottom 42% of U.S. families combined. Keep in mind Wal-Mart (WMT) shares were in the $50 range in 2010, today they are in the low $70 range.
Wal-Mart is crazy rich and if you want to make yourself feel more miserable and poor, continue to read about them here.
Behold the greatness that is Wal-Mart (WMT)
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Top 100 Ranked Stocks | iBankCoin.com
- Explaining US Stock And Bond Markets In 5 Easy Charts | ZeroHedge
- Americans Supported and Inspired the Nazis | ZeroHedge
- Can Money Flows Push Equity Prices Much Higher? | Financial Sense
- Felix Zulauf: Asset Prices Will Continue to Inflate as China Joins the Party Next | Financial Sense
- Why We Feel So Poor (In Two Charts) | ZeroHedge
- Flows Into European Equities Reaches Feverish Pitch, Consolidation Likely Ahead | Financial Sense
The most relevant financial news and articles from the Internets
- Singer Sam Smith lost 14 pounds in 14 days and now everyone is going nuts... | Business Insider
- See what happens when colorblind people see color for the first... | Business Insider
- Gamers are spending thousands of dollars a year... | Business Insider
- Serious talk about contacting aliens is sparking a fiery debate in the... | Business Insider
- Drew Brees Tops the Power 100 in 2012 | BusinessWeek
- There's no evidence that all the money Americans spend on college is actually... | Business Insider
- Brain drain as young Greenlanders leave for Denmark | Business Insider