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Sam Walton, the founder of Wal-Mart. In all the winnowing of billionaires revealed this week - the credit crunch has wiped $2tn (Â£1.4tn) off their combined worth, and 30% are no longer billionaires at all - one thing stands out: retail is a good place to be.
Last Friday the Walton family, heirs of Wal-Mart Stores Inc. (NYSE: WMT) founder Sam Walton, announced that the family business, Walton Enterprises LLC, would would distribute about 6% of its holdings to a newly created Walton Family Holdings Trust.