Monday, December 19, 2011

Walmart Heirs Worth Same Amount As Bottom 30 Percent Of Americans In 2007: Analysis

Walmart Heirs Worth Same Amount As Bottom 30 Percent Of Americans In 2007: Analysis:

" The six children of Walmart's founders, Sam and James "Bud" Walton, had the same net worth in 2007 as the entire bottom 30 percent of American earners, according to an analysis from Sylvia Allegretto, a labor economist at University of California-Berkeley's Center on Wage and Employment Dynamics.

Though the 2007 figure is striking, the gap between the Walmart heirs and the rest of the country may get even bigger -- the Walton's combined fortune has grown by more than $20 billion, according to data compiled from the Forbes 400 this year."


An MBA student sent me this last week and I never had time to post it (and was not sure if I believed it), but seeming looks legit.

via @MoneyScience and @SimoloeonSense: http://t.co/intjmgun http://bit.ly/rNzhwS

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