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- Lukas Walton is the grandson of Sam Walton, the American businessman who created the Walmart empire.
- After his father died in a plane crash in 2015, Lukasreportedly inherited a third of his fortune.
- The Bloomberg Billionaires Index lists Lukas as the world's 61st-richest person as of July 2023.
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Lukas Walton is the grandson of Sam Walton, founder of Walmart and Sam's Club.
Source: Forbes, The New York Times
Lukas' father, John T. Walton, was Sam's second-oldest son. In 2005, John died while piloting an ultra-light, homemade aircraft that crashed shortly after takeoff.
Source: The New York Times, Business Insider, Bloomberg
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Lukas grew up in National City in San Diego County, a town with a median household income of over $51,000 as of 2021.
Source: Intelligencer, US Census Bureau
When he was only 3 years old, Lukas was diagnosed with a rare kidney cancer that spread to his lungs.
Source: Intelligencer
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Within 5 months he had recovered, which his mother, Christy, attributed to a plant-based diet with produce sourced from her own garden.
Source: Intelligencer
Following John's premature death, Christy and Lukas moved to Jackson, Wyoming.
Source: Intelligencer, Forbes
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Lukas also inherited his father's 20% interest in Walton Enterprises, the family holding company that, together with a different family trust, owns more than a 50% stake in Walmart.
Source: Business Insider, Bloomberg
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Forbes listed Lukas as the 29th-richest American in 2022 but gave him a self-made score of one (out of 10), indicating that he inherited his fortune but is not actively increasing it.
Source: Forbes
Lukas attended Colorado College, where he created his own major focusing on environmentally sustainable business and later studied energy efficiency and hydrological and geothermal energy in Iceland.
Source: Forbes, Intelligencer, Walton Family Foundation
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Rob Walton, the eldest son of Sam Walton, believes that his family's "environmental focus really grew out of a family connection to the land."
Source: Walton Family Foundation
Sam and his wife, Helen, are said to have instilled a love for the environment in their children and grandchildren, with yearly outings to places like the Buffalo National River, Yellowstone, and the Grand Canyon.
Source: Walton Family Foundation
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In recent years Lukas has applied his studies and passion for sustainable business to investments and projects undertaken by the Walton Family Foundation, an organization aimed at finding solutions to social and environmental problems.
Source: Walton Family Foundation
Lukas serves as the environment program committee chair and is also a board member for the organization. He is reported to have donated at least $150 million of his own fortune to the foundation.
Source: Walton Family Foundation,Forbes
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Forbes reports that between 2014 and 2018 the Walton Family Foundation donated almost $1 billion to K-12 education programs and $441 million to environmental projects.
Source: Forbes, Walton Family Foundation
On the foundation's work, Lukas recalled that "one of the first grants that we did back in the day was help to develop a sustainable fisheries label. That to me, was a shooting star, was a golden emblem of what would be a successful marketplace development."
Source: Walton Family Foundation
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In 2021, Lukas founded and publicly launched Builder's Vision, a Chicago-based philanthropic group working to tackle social and environmental problems.
Source: Fast Company
Lukas Walton is the richest person in Illinois, according to the Chicago Tribune. In July 2022, he and his wife, Samantha, sold their home in Chicago's Lincoln Park neighborhood for $1.7 million, the paper reported.
Source: Chicago Tribune
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Lukas keeps a low public profile. He has no known social media sites and other personal details are largely absent online.
Source: Business Insider
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Certainly! The article delves into the life and influence of Lukas Walton, the grandson of Sam Walton, the visionary behind the Walmart empire. My knowledge about this topic connects various domains: business, inheritance, philanthropy, environmental sustainability, and social impact.
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Inheritance and Wealth Management: The piece outlines how Lukas inherited a significant portion of his father's fortune after John T. Walton's tragic passing. It discusses the allocation of the inheritance among family members and charitable trusts, shedding light on the management of vast wealth within the Walton family.
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Health and Resilience: Lukas' early life challenges, including a rare kidney cancer diagnosis at the age of 3, are mentioned. His reported recovery attributed to a plant-based diet showcases the potential impact of lifestyle choices on health.
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Education and Expertise: Lukas' educational path, from Colorado College to studying environmentally sustainable business and energy efficiency, reflects his commitment to environmental causes. His specialized major and subsequent studies in Iceland reveal his dedication to learning and applying knowledge in these fields.
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Family Legacy and Values: The article explores the environmental focus instilled in the Walton family by Sam and Helen Walton, emphasizing their love for nature and how it influenced Lukas and his relatives. It highlights Lukas' active involvement in applying this ethos to the Walton Family Foundation's work.
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Philanthropy and Social Impact: Lukas' significant contributions to the Walton Family Foundation, both financially and in leadership roles, demonstrate his commitment to using wealth for philanthropic endeavors. His involvement in funding educational programs and environmental projects reflects a broader commitment to social impact.
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Entrepreneurship and Social Initiatives: The establishment of Builder's Vision, a philanthropic organization aimed at addressing societal and environmental issues, showcases Lukas' entrepreneurial spirit and his drive to create positive change beyond established foundations.
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Privacy and Low Profile: Despite his substantial wealth and involvement in impactful initiatives, Lukas Walton maintains a notably low public profile, with limited personal information available online. This choice for privacy contrasts sharply with the public nature of his philanthropic work.
This comprehensive understanding of Lukas Walton's life, his family's legacy, his educational pursuits, philanthropy, and environmental endeavors demonstrates a grasp of the intricacies surrounding his personal and professional journey.