Illinois’ Richest Man’s Family Just Lost $6 Billion Dollars?

The good news is his family will still have no problems paying the mortgage. The bad news is there are reports that Illinois' richest man's family just lost a staggering $6 billion dollars. Yes, that's billion with a "B".

First of all, don't shed any tears for Lukas Walton. He's still doing just fine, but today perhaps a little (or a lot) less fine than a few days ago as there's a new report saying the Walton family just lost a remarkable $6 billion dollars in worth.

24/7 Wall St is reporting that after a recent Walmart earnings report, Lukas and the rest of the Walton family are now worth a lot less. The story says that Walmart shares lost 7% of their value which doesn't sound like much, but the share to net worth impact is incredible.

How much money has Lukas Walton lost?

Forbes says that Lukas Walton has lost $635 million dollars in net worth since their last update. The consolation? He's still currently worth $39 billion dollars. On an unrelated note, Lukas, can I borrow ten bucks? I'll gladly give you a briefcase full of IOU's for your trouble.

It's important to note that Lukas Walton, who lives in Chicago, does not work for Walmart. His family shares are only a tiny part of his overall wealth which he has built in his lifetime.