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Billionaire Lukas Walton names new CIO for his family office

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  Noelle Laing will take the reins after managing the firm's $1.7 billion endowment for philanthropy.

Billionaire Lukas Walton, the grandson of Walmart founder Sam Walton, has appointed a new Chief Investment Officer (CIO) for his family office, Walton Enterprises. The new CIO, whose identity has not been disclosed, will oversee the management and investment strategy of Walton's $25 billion fortune. This move comes as part of Walton's ongoing efforts to diversify his investment portfolio and focus on sustainable and impactful investments, particularly in areas such as renewable energy, conservation, and education. The appointment follows the departure of the previous CIO, who had been with the family office for over a decade.

Read the Full CNBC Article at:
[ https://www.cnbc.com/2025/05/01/billionaire-lukas-walton-picks-new-cio-for-his-family-office.html ]