Steuart Walton

Steuart Walton is an American attorney, businessman, and philanthropist. Born into the billionaire Walton family, he is a director of Walmart, the world's largest company by revenue, co-founder of private equity firm RZC Investments, which bought British cycling brand Rapha in 2017, and founder of Game Composites, a composite aircraft manufacturer.

Steuart Walton
Born1981 (age 38–39)
Alma mater
Occupation
  • Attorney
  • Businessman
  • Philanthropist
Spouse(s)
(m. after 2019)
Parent(s)
Relatives

Early lifeEdit

Walton was born in 1981 in Bentonville, Arkansas.[1][2][3] He is the son of Lynne McNabb and Jim Walton, a former director of Walmart.[1][2] His paternal grandfather, Sam Walton, was the founder of Walmart.[1][2]

Walton graduated from the University of Colorado Boulder with a degree in business administration.[4] He earned a law degree from the Georgetown University Law Center.[1][5]

CareerEdit

In 2004, Walton worked for Republican Senator Peter Fitzgerald.[4][6] He subsequently worked for a law firm in Santiago, Chile.[6] From 2007 to 2010, Walton was a lawyer at Allen & Overy.[1][4][5]

Afterward, Walton worked in Walmart's mergers and acquisitions division, as well as the company's Carnaby Street office in London.[7] He left Walmart in 2013 to found a company.[1] Walton, who is also a pilot, in 2013 founded Game Composites, a composite aircraft manufacturer in Northwest Arkansas, and serves as its chairman.[1][8][9]

Walton joined the board of Walmart on June 3, 2016.[2]

Walton and his brother, Tom Walton, co-founded an investment company, RZC Investments.[10] The company bought a majority stake of British bikewear business Rapha in August 2017,[10] in addition to investing in road-bike maker Allied Cycle Works.[11]

PhilanthropyEdit

Walton and his brother, Tom Walton, who are mountain biking enthusiasts, were influential in the Walton Family Foundation's US$15 million charitable contribution to establish the Razorback Regional Greenway in 2015.[12] In 2016, they also played a role in the foundation's US$20,000 donation for the expansion of a garden at the Samaritan Community Center in Bentonville.[13]

Walton helped Bentonville, Arkansas, become host city for the 2016 International Mountain Bicycling Association World Summit.[14] Also in 2016, Steuart and Tom Walton launched the Innovation Competition to focus on healthy living and strong downtowns in Benton County, Arkansas.[15]

Walton sits on the boards of directors of the Crystal Bridges Museum of American Art,[14] Smithsonian National Air and Space Museum, and Leadership for Educational Equity.[16]

Through their work with Crystal Bridges Museum of American Art, Steuart and Tom Walton oversaw a project renovating a 63,000-square-foot former Kraft cheese plant in Bentonville into "The Momentary," exhibit space for contemporary art, music, theater and film.[17][18]

Walton spoke at the 2016 Aspen Ideas Festival about the benefits of bike trails.[19]

In 2017, Walton and the Walton Family Foundation granted $787,000 to six Benton County cities to increase and diversify the region's tree canopy. The program allows the cities to plant large trees near trails, highways, parks, and other public places.[20]

Political activityEdit

In 2012, Walton donated US$299,500 to Keep Dollars in Benton County, an organization that advocated for the successful effort to allow retailers to sell alcohol in Benton County, Arkansas.[21]

Personal lifeEdit

In 2019, Walton married actress and model Kelly Rohrbach.[22]

ReferencesEdit

  1. ^ a b c d e f g Nassauer, Sarah (April 20, 2016). "Wal-Mart Nominates Grandson of Founder for Its Board". The Wall Street Journal. Retrieved June 4, 2016.
  2. ^ a b c d Nassauer, Sarah (June 4, 2016). "Wal-Mart CEO Touts Tech, Tells Shareholders Momentum is 'Real'". The Wall Street Journal. Retrieved June 4, 2016.
  3. ^ "Board". Leadership for Educational Equity. Retrieved June 4, 2016.
  4. ^ a b c "2016 Proxy Statement". Walmart. 2016. p. 20. Retrieved June 4, 2018.
  5. ^ a b "Steuart Walton". Walmart. Retrieved June 4, 2016.
  6. ^ a b "Steuart Walton". Aspen Ideas Festival. Retrieved June 4, 2016.
  7. ^ Leftly, Mark (January 29, 2012). "Walmart grandson plots Europe drive from Carnaby Street". The Independent. Retrieved June 4, 2016.
  8. ^ "Steuart Walton". Walmart. Retrieved March 26, 2018.
  9. ^ Brian Sozzi (June 3, 2016). "Walmart elects one of Sam Walton's grandsons to board". TheStreet.com. Retrieved November 13, 2017.
  10. ^ a b Neate, Rupert (August 7, 2017). "British cycling brand Rapha sold to Walmart heirs for £200m". The Guardian. Retrieved November 13, 2017.
  11. ^ Tilin, Andrew (May 2, 2018). "The Walmart Heirs Putting Arkansas on the Fat-Tire Map". Outside. Retrieved May 10, 2018.
  12. ^ Nelson, Rex (October 15, 2017). "Creating a sense of place". Arkansas Democrat-Gazette. Retrieved November 13, 2017.
  13. ^ Neiswanger, Robbie (April 24, 2016). "Brothers nurture innovation". Arkansas Democrat-Gazette. Retrieved June 4, 2016.
  14. ^ a b Bahn, Chris (January 17, 2016). "Walton initiative looks to inspire, improve Benton County downtowns". Arkansas Democrat-Gazette. Retrieved November 13, 2017.
  15. ^ Souza, Kim (April 25, 2016). "Walton Family Foundation helps four Northwest Arkansas nonprofits with innovation funding". Talk Business & Politics. Retrieved November 13, 2017.
  16. ^ Schoppmeyer, Carin (August 20, 2017). "Silver becomes gold". Arkansas Democrat-Gazette. Retrieved June 4, 2018. Steuart Walton provided keynote remarks for the evening. Walton is the grandson of Helen and Walmart founder Sam Walton and serves on the boards of directors of the Walton Family Foundation, Crystal Bridges Museum of American Art, Walmart, Leadership for Educational Equity, and the Smithsonian National Air and Space Museum.
  17. ^ Kennedy, Randy (March 29, 2016). "Crystal Bridges Museum to open new space for contemporary art". The New York Times. Retrieved November 13, 2017.
  18. ^ Peacock, Leslie Newell (August 30, 2017). ""The Plant" becomes "The Momentary" in Bentonville". Arkansas Times. Retrieved March 27, 2018.
  19. ^ Szewczyk, Collin (July 1, 2016). "Hickenlooper: Goal is to make Colorado top trails state". Aspen Daily News. Retrieved November 13, 2017.
  20. ^ "Walton Family Foundation announces funding for tree canopy project in Benton County". Talk Business & Politics. October 5, 2017. Retrieved November 13, 2017.
  21. ^ Henry, Larry (November 1, 2012). "Tom, Steuart Walton Give $299,500 Each To Liquor Effort". 5NewsOnline.com. Retrieved June 4, 2016.
  22. ^ "'Baywatch' actress Kelly Rohrbach marries Walmart heir Steuart Walton: report". Fox News. June 14, 2019. Retrieved August 2, 2019.

External linksEdit