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
- $oRo$ (PART II) | ZeroHedge
- Cracking Open a Six-Pack | Financial Sense
- How to Leave the European Union | Financial Sense
- Look Who Is Gutting The First Amendment! | ZeroHedge
- Best Reaction Yet: "Yellen Speech A Whole Lot Of Nothing" | ZeroHedge
- Paul Craig Roberts Warns: US Is "A Dead Nation Walking" | ZeroHedge
- Introducing America's Winningest Political Candidate: "Lesser Evil" | ZeroHedge
The most relevant financial news and articles from the Internets
- After three years of Herbalife, Bill Ackman still doesn't get Carl... | Business Insider
- One bright spot in the US economy keeps getting better | Business Insider
- Ann Coulter rips 'opportunist' Ted Cruz, declines to say if she'll... | Business Insider
- Stocks tumble into the red after Federal Reserve speeches (SPY... | Business Insider
- Palantir, the War on Terror's Secret Weapon | BusinessWeek
- This one salad can turn into a week's worth of dinners | Business Insider
- Has marijuana actually got stronger since the 80s? Here's what the science says... | Business Insider