I mean, from a moral perspective, they do. Legally the Walton Foundation, a family office set up by the Waltons, own's a miniscule amount over 50%. It used to be near 60% but now they barely maintain control by like .0045% or something absurd like that. The next biggest shareholders are Vanguard and Blackrock, who through their various funds, own roughly 40% of all Walmart shares together. The rest is held by private funds and individuals.
I mean, from a moral perspective, they do. Legally the Walton Foundation, a family office set up by the Waltons, own's a miniscule amount over 50%. It used to be near 60% but now they barely maintain control by like .0045% or something absurd like that. The next biggest shareholders are Vanguard and Blackrock, who through their various funds, own roughly 40% of all Walmart shares together. The rest is held by private funds and individuals.