The Walton family, descendants of Walmart founder Sam Walton, remain the world’s richest family, worth an estimated $513 billion according to Bloomberg. Their wealth is mainly from their 44% ownership of Walmart, valued at $922 billion. The Waltons’ wealth increased by 21% in the past year, outperforming the S&P 500.

Forbes and Bloomberg release annual lists of the richest families globally, with the Waltons consistently at the top. They inherited their wealth, unlike tech founders like Elon Musk and Mark Zuckerberg. Walmart reported revenue of $180 billion in the last quarter, a 6% increase, and earnings rose 35% to $0.77 per share.

Many Americans underestimate the amount needed for retirement. Those with a specific habit have double the savings of others. This habit doesn’t involve increasing income or cutting expenses. It’s a simple yet powerful practice that can significantly impact retirement savings.

Read more at Yahoo Finance: World’s Richest Family Gets Much Richer