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
- Peak Debt Complacency: Carmen "Different This Time" Reinhart Urges Debt Restructuring | ZeroHedge
- "Russian Roulette" - Credit Suisse CEO Admits "EU Banks Not Really Investable" | ZeroHedge
- "More Politics Than Anything Else" - Wall Street Reacts To The OPEC Oil Production Cut Deal | ZeroHedge
- OPEC Agrees On First Oil Production Cut Since 2008, But Biggest Question Remains Unanswered | ZeroHedge
- The Unseen Revolution in Chinese Finances | Financial Sense
- Who Won the Debate? My View and Some Surprising Polls | Financial Sense
- Chart: The Central Bankers’ Bubble – 2007 vs. Today | Financial Sense
The most relevant financial news and articles from the Internets
- Fully understand the IoT with this report | Business Insider
- Duterte: Next joint US and Philippine military... | Business Insider
- In some states, raising the age for adult court is the easy part | Business Insider
- A $69 million superyacht with its own library and Jacuzzi... | Business Insider
- Watch what happens when a tarantula meets its worst predator — a... | Business Insider
- The US military is asking for 8,000 more Marines | Business Insider
- The 5 states where teachers earn the lowest salaries | Business Insider