The Latest Breaking News from Sam Walton

Goldman Sachs has helped billionaires see huge tax savings by selling stocks for a loss and then replacing them

The heirs to one of the largest companies in the world maintain a large ownership in it. Here’s a look at the recent sales by Walmart Inc (NYSE: WMT) heirs and what ownership stake three of the richest people in the world have left in the company.

Retail giant Walmart Inc (NYSE: WMT) opened its first store in 1962 in Arkansas before expanding nationwide and internationally. The company is one of the largest retailers and companies in the world today, a move that may have been boosted by going public in 1970.

Meet the Broncos' ownership group

Lewis Hamilton has joined the ownership group of the NFL’s Denver Broncos

Editor's note: This story has been edited to reflect an update by Forbes to Tesla CEO Elon Musk's philanthropy ranking that removed him from the list of the least generous billionaires. Original publication: 2018. For the first time, the Forbes 400 list includes a generosity ranking.

The new ownership group is led by former Walmart chairman Rob Walton.

DENVER — Who is a part of the new Broncos’ ownership group? A look at the four key individuals:

DENVER — Less than 48 hours after a second round of bids to buy the Broncos were filed, the team announced late Tuesday night that they have entered into a purchase and sale agreement with a group headed by billionaire Rob Walton and his son-in-law, Greg Penner.

The 76ers co-owner was reportedly never assured his offer price would assure him ownership of the Broncos.

Rob Walton will become the Broncos' new majority owner, but Greg and Carrie Penner are expected to handle the team's day-to-day operations.