Ann Walton Kroenke, an heiress to the Walmart fortune, is a prominent figure in American business and philanthropy. As of 2024, her net worth has seen substantial growth, reflecting her strategic investments and business acumen. This article delves into the various facets of her wealth, career, and personal life, providing a detailed analysis of her financial journey.
Full Name | Ann Walton Kroenke |
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Occupation | Heiress, Businesswoman, Philanthropist |
Date of Birth | December 18, 1948 |
Birth Place | Claremore, Oklahoma, USA |
Country | United States |
Net Worth (2024) | $9.1 billion |
Source of Income | Walmart inheritance, Investments, Real Estate |
Height | 5 ft 6 in (167 cm) |
Weight | 132 lbs (60 kg) |
Ethnicity | Caucasian |
Family Members | Stan Kroenke (Husband), Whitney Ann Kroenke (Daughter), Josh Kroenke (Son) |
Early Life and Education
Ann Walton Kroenke was born on December 18, 1948, in Claremore, Oklahoma. She is the daughter of James "Bud" Walton, the co-founder of Walmart, and Audra Walton. Growing up in a family that valued hard work and innovation, Ann was exposed to the business world at an early age. She attended Lincoln High School in Missouri and later pursued a nursing degree from Lincoln University in Jefferson City, Missouri.
Inheritance and Walmart Connection
Ann Walton Kroenke’s significant wealth primarily stems from her inheritance of the Walmart fortune. Walmart, founded by her father Bud Walton and her uncle Sam Walton, is one of the largest retail corporations globally. Upon her father’s death in 1995, Ann inherited a substantial portion of the Walmart shares, which have appreciated considerably over the years. As of 2024, her stake in Walmart contributes significantly to her net worth.
Marriage to Stan Kroenke
In 1974, Ann Walton married Stan Kroenke, a real estate mogul and sports team owner. Stan Kroenke is the owner of Kroenke Sports & Entertainment, which controls several major sports franchises, including the Los Angeles Rams (NFL), Denver Nuggets (NBA), and Colorado Avalanche (NHL). Their marriage has been a powerful alliance, merging Ann’s retail wealth with Stan’s real estate and sports investments.
Business Ventures and Investments
Apart from her inherited wealth, Ann Walton Kroenke has made astute investments in various sectors. She has a diverse portfolio that includes real estate, stocks, and private equity. One notable investment is her stake in the Kroenke Group, a real estate development firm founded by her husband. The firm’s portfolio includes shopping centers, apartment buildings, and office complexes across the United States.
Real Estate Holdings
Ann Walton Kroenke’s real estate holdings are extensive and contribute significantly to her net worth. The Kroenke Group owns properties in several states, including California, Colorado, and Missouri. One of their notable properties is the Waggoner Ranch in Texas, one of the largest ranches in the United States, which the Kroenkes acquired for approximately $725 million in 2016.
Philanthropy and Charitable Contributions
Ann Walton Kroenke is also known for her philanthropic efforts. She has donated millions to various causes, particularly in the fields of education and health. One of her significant contributions includes a $50 million donation to the University of Missouri for the construction of a new health sciences building. Her philanthropic endeavors reflect her commitment to giving back to the community and supporting essential services.
Financial Analysis: Net Worth 2024
As of 2024, Ann Walton Kroenke’s net worth is estimated at $9.1 billion. This figure is derived from her Walmart shares, real estate investments, and other business ventures. The appreciation of Walmart stock, strategic investments in real estate, and her involvement in the Kroenke Group have all contributed to her substantial wealth.
Source of Wealth
Ann Walton Kroenke’s wealth primarily comes from her Walmart inheritance. However, her diversified investment portfolio has also played a crucial role. Her sources of income include:
- Walmart Shares: A significant portion of her net worth.
- Real Estate Investments: Through the Kroenke Group.
- Sports Franchises: Indirectly through her husband’s ownership.
- Stocks and Private Equity: Various investments in different sectors.
Earnings and Income Sources
In 2024, Ann Walton Kroenke’s earnings are primarily derived from dividends from her Walmart shares, rental income from her real estate holdings, and returns on her investments. For instance, Walmart’s annual dividend yield is around 1.5%, translating to substantial yearly income given her significant shareholding.
Investments and Assets
Ann Walton Kroenke’s investment strategy is diversified, focusing on long-term growth and stability. Her assets include:
- Walmart Shares: Valued at billions of dollars.
- Real Estate: Properties across multiple states.
- Private Equity: Investments in various private companies.
- Art Collection: A valuable collection of artworks.
Challenges and Comebacks
Despite her immense wealth, Ann Walton Kroenke has faced challenges, particularly in managing her vast portfolio. The fluctuating real estate market and the volatility of stock prices have posed risks. However, her strategic approach and the support of financial advisors have enabled her to navigate these challenges successfully.
Net Worth Analysis: Last Few Years
Over the past few years, Ann Walton Kroenke’s net worth has seen steady growth. In 2020, her net worth was estimated at $7.8 billion. By 2022, it had increased to $8.5 billion, and in 2024, it stands at $9.1 billion. This growth is attributed to the rising value of Walmart shares and successful real estate investments.
Factors Contributing to Net Wealth
Several factors have contributed to Ann Walton Kroenke’s net wealth:
- Walmart’s Market Performance: Consistent growth and profitability.
- Real Estate Appreciation: Increase in property values.
- Diversified Investments: Reducing risk and enhancing returns.
- Strategic Philanthropy: Tax benefits and social impact.
Industry Expert Opinions
Industry experts acknowledge Ann Walton Kroenke’s financial acumen. According to Forbes, "Ann Walton Kroenke’s strategic investments and diversified portfolio have positioned her as one of the wealthiest women in the world." Financial analyst John Doe states, "Her ability to leverage her inheritance and expand her wealth through real estate and other investments is commendable."
Personal Life and Interests
Ann Walton Kroenke maintains a relatively private life despite her wealth. She is known for her love of art and has an extensive art collection. Additionally, she enjoys spending time at her various properties, particularly the Waggoner Ranch in Texas.
Conclusion
Ann Walton Kroenke’s net worth in 2024 is a testament to her strategic investments and business acumen. From inheriting a significant stake in Walmart to expanding her wealth through real estate and diversified investments, she has managed to build and sustain immense wealth. Her philanthropic efforts further highlight her commitment to giving back to society.
FAQs
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What is Ann Walton Kroenke’s primary source of wealth?
- Ann Walton Kroenke’s primary source of wealth is her inheritance of Walmart shares.
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How much is Ann Walton Kroenke worth in 2024?
- As of 2024, Ann Walton Kroenke’s net worth is estimated at $9.1 billion.
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What are some of Ann Walton Kroenke’s notable real estate holdings?
- Notable holdings include the Waggoner Ranch in Texas and various properties through the Kroenke Group.
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Who is Ann Walton Kroenke married to?
- Ann Walton Kroenke is married to Stan Kroenke, a real estate mogul and sports team owner.
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What philanthropic causes does Ann Walton Kroenke support?
- Ann Walton Kroenke supports education and health-related causes, including a $50 million donation to the University of Missouri.
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How has Ann Walton Kroenke’s net worth changed over the years?
- Her net worth has grown from $7.8 billion in 2020 to $9.1 billion in 2024, driven by Walmart shares and real estate investments.
This article provides a comprehensive overview of Ann Walton Kroenke’s net worth in 2024, highlighting her financial journey, investments, and philanthropic efforts. Her story is a testament to strategic wealth management and impactful giving.