By Devon Pendleton, Heather Perlberg and Gillian Tan, Bloomberg
Rob Walton, the eldest son of Walmart Inc. founder Sam Walton, is planning a bid for the National Football League’s Denver Broncos, according to people familiar with the process.
A former chairman of the world’s largest retailer, Walton, 77, is the 17th-richest person on Earth with a net worth of $68.9 billion, according to the Bloomberg Billionaires Index.
A Walmart spokesman declined to comment, as did a spokesman for the Broncos. A representative for Madrone Capital Partners, the Menlo Park, California-based investment firm that manages part of Rob Walton’s fortune, didn’t immediately respond to requests for comment.