Walton family fortune soars as Wal-Mart raises earnings forecast

By Tom Metcalf and Shelly Banjo
Updated August 22 2016 - 12:39am, first published August 19 2016 - 10:29am
Jim Walton (from left), Alice Walton and Rob Walton talk on stage during the annual Wal-Mart shareholders  meeting in June. Photo: Jason Ivester/The Arkansas Democrat-Gazette via AP
Jim Walton (from left), Alice Walton and Rob Walton talk on stage during the annual Wal-Mart shareholders meeting in June. Photo: Jason Ivester/The Arkansas Democrat-Gazette via AP

The world's richest family just got a little richer after Wal-Mart Stores, the world's largest retailer, increased its earnings forecast.

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