The 1% Behind Walmart
Today, a new web site launched exposing the 1$, or the .0001% behind Walmart. Walmart1percent.org sheds light on the family and the company's political giving, their role in the race to the bottom in job quality, and other questionable associations.
According to the web site, "The Walton family is the richest family in the United States and one of the richest in the world. They are heirs to the Walmart fortune and the company’s largest shareholders, with a nearly-fifty percent ownership of stock in the retail giant." and "In 2007, when the six Waltons on the Forbes list were worth $69.7 billion, their wealth was equal to the total wealth of the bottom 30% of American families. When new data on American wealth is available next year, it will probably show an even wider gap between the Waltons and the rest of American families. The Waltons are worth $93 billion now, while most Americans still haven’t recovered from the recession."
Stay tuned to this new site as it is updated with the latest from the largest employer in the world, and the richest family in the United States.