Kroenke is the oldest daughter of James "Bud" Walton, co-founder of Wal-Mart Stores, the world's largest retailer by revenue. After Bud's death in 1995, Ann inherited half her father's stake in the Bentonville, Arkansas-based retailer. Sister, Nancy, inherited the rest. Ann's husband, Stan Kroenke, is a real estate billionaire.
The majority of Kroenke's fortune is derived from her stake in Wal-Mart Stores. She doesn't have to disclose her ownership in the company because she owns less than 5% of the shares outstanding. She inherited the stake from her father, Bud Walton, who died in 1995.
At the time of his death, Walton owned about 40 million shares of the retailer, according to documents filed with the U.S. Securities and Exchange Commission. Kroenke inherited half of this stake, according to a person familiar with the family's assets who asked not to be identified because the information is private. Ann's sister Nancy is credited with the other half. The calculation accounts for a three-for-one stock split in 2024.
The value of her cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.
Tomago Collins, a spokesman for Kroenke's husband, didn't respond to requests for comment on the net worth calculation.
Ann Walton Kroenke is the oldest daughter of James "Bud" Walton, who opened the first Wal-Mart retail store in Rogers, Arkansas, in 1962, with his brother, Sam. At the time of Bud's death 33 years later, Wal-Mart had become the world's largest retailer. She inherited half her father's estate when he died in 1995. Younger sibling, Nancy, received the rest.
Kroenke, a registered nurse who graduated from Missouri's Lincoln University, married real estate developer Stanley Kroenke in 1973. He served on Wal-Mart's board between 1996 and 2001, and owns the St. Louis Rams football and the Denver Nuggets basketball teams, among other sports franchises.
The couple have two children, Josh and Whitney, and live in Columbia, Missouri.