The family behind Walmart lost $27 billion (A$38.5 billion) on Tuesday, after a stock market bloodbath saw prices tumble 11.4 per cent. It was the biggest loss in almost 35 years, and it hit the Walton family - Jim, Alice and Rob Walton, the children of the store’s late founder Sam - hard. The siblings, together with Sam’s daughter-in-law Christy and her son Lukas, own nearly half of the retail behemoth, and saw their family fortune drop from $241 billion (A$343 billion) to $124 billion ($305 billion). Walmart is struggling after soaring inflation put pressure on the retailer’s profit margins in the first quarter - ... (full story)