Who Is Billionaire Rob Walton, the Likely Future Owner of the Denver Broncos?Learn more about the Walmart heir who made a winning -- and record -- bid for Colorado's NFL team.

ByMadeline Garfinkle

Rob Walton, the eldest son of Walmart founder,Sam Walton, is expected to buy the Denver Broncos for a record-high $4.65 billion.

The NFL team was valued at $3.75 billion last year, but a bidding war the raised the stakes — bringing it world's away from Pat Bowlen's purchase of the team for $78 million in 1984. After Bowlen's passing in 2019,legal disputesamong relatives led to the three-time Super Bowl champions being put up for sale. If finalized, it would make Walton's bid thehighest pricepaid for anyNFL团队自2018年大卫·珀买了卡罗ina Panthers for $2.275 billion. The ownership of the team would also include Walton's daughter, Carrie, and son-in-law, Greg Penner.

What is Rob Walton's net worth?

At 77 years old, the eldest heir to the Walmart fortune, Rob Walton, has anestimated net worthof $57.9 billion and holds the ranking of 22nd richest person in the world.

What is the Walton family's net worth?

The Walton siblings — Rob, Jim and Alice — have acombined net worthof around $212 billion, making them one of the wealthiest families in the world.

Related:Wal-Mart Heirs Again Top Forbes List of 25 Richest U.S. Families

Who is in the Walton-Penner group?

The Walton-Penner ownership group includes Rob Walton, his daughter Carrie and her husband, Greg Penner, as well as Mellody Hobson — a co-CEO of Ariel Investments and the wife of film director and producer George Lucas. The group would have joint ownership of the Denver Broncos.

Is the sale finalized?

Although the Walton-Penner group has technically garnered the winning bid for the Broncos, the sale needs to bereviewedby the NFL's finance committee and approved by a vote of NFL owners — 24 of 32 owners must vote in favor of the sale in order for it to be finalized. If no issues are raised, the deal could still take up to 90 days for approval.

Related:Jeff Bezos is Reportedly Looking to Buy an NFL Team

Wavy Line
Madeline Garfinkle

Entrepreneur Staff

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University.

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