There is always a chance that a transaction of this magnitude will fail, but given Walton’s immense wealth and resources, it seems extremely unlikely at this point.
Forbes anticipates that Rob Walton will acquire the franchise for approximately $4.5 billion. According to Forbes, the winning bid has not yet been confirmed, but it is expected to be announced “early this month.”
Walton attended The College of Wooster and earned a bachelor’s degree in business administration in 1966 from the University of Arkansas, where he was a member of Lambda Chi Alpha. In 1969, he graduated from Columbia Law School with a Juris Doctor. Walton is also a Wooster College trustee.
After earning his law degree, Rob Walton was given the opportunity to work for Conner & Winters, the law firm that represented Walmart. After a number of years, Rob left Conner & Winters to become Walmart’s senior vice president.
Rob Walton is extremely private about his personal life and avoids the limelight. Nevertheless, Rob is renowned for his collection of vintage sports cars. Supposedly, Walton owns a Ferrari 250 GTO worth between $35 million and $52 million.