1.
WALTON FAMILY (Wal-Mart) Net Worth:
$152 Billion
The children,
daughter-in-law and nieces of legendary retailer Sam Walton control a 54% stake
in the world’s largest retailer, which introduced groceries in its discount
stores in 1988. Today the company chaired by Rob Walton (pictured), sells
groceries in 3,500 locations, making it the U.S.’ largest supermarket chain.
2.
CHARLES BUTT (H.E. Butt Grocery Co.)
Net Worth: $10.5 Billion
Butt is the
Chairman and majority shareholder of $19 billion (sales) H.E. Butt, a regional
supermarket chain that his ancestors founded more than a century ago. His two
siblings and two nephews also own some of the family company, which now
operates 305 stores in Texas and 42 in Mexico. It has opened nine Central
Market stores in Texas to compete with Whole Foods.
3.
HANK AND DOUG MEIJER (Meijer) Net
Worth: $8.3 Billion
In 1934 when
groceries were scarce, Hendrik Meijer with his 14-year old son, Frederik,
opened Meijer Grocery for his barbershop customers. In 1962 he opened his first
general store. Today the grocery chain, run by grandson Hank (pictured) and
Doug, has nearly $15billion in sales from 200 stores in Michigan, Illinois,
Indiana, Ohio and Kentucky.
4.
JENKINS FAMILY (Publix) Net Worth: $4
Billion
Daughter of
the Publix founder, Carol Jenkins Barnett runs the company’s charitable arm and
is the Florida-based retailer’s single biggest individual shareholder, worth
over $1 billion. Her brother Howard is next, with a stake valued at $620
million. Altogether the founder’s descendants own a 20% stake worth combined
$4.2 billion. Employees own the rest of the company.
5.
JOYCE RALEY TEEL (Raley’s) Net Worth:
$1.7 Billion
Her father,
Tom, opened the first Raley’s supermarket in California’s gold country in 1935
and expanded from there. She joined the company in 1985 and inherited it when
her dad died in 1991. Joyce and her husband, Jim, serve as co-chairs; her son
Michael is CEO. Raley’s, with sales of $3 billion, has 128 stores in California
and Nevada, including Bel Aire Markets and Nob Hill Foods.
Source: Forbes
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