economy
Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center
Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and his wife, Samantha, are residents of Chicago.
TL;DR
- Lukas Walton and his wife Samantha have bought a minority stake in the Chicago Bulls and the United Center.
- The Reinsdorf family continues to be the controlling owner of the Chicago Bulls.
- The transaction involved purchasing existing stakes from limited partners.
- The size of the stake was not disclosed, but a source indicates it is 10%.
- The Wirtz and Reinsdorf families jointly own the United Center.
- The Waltons expressed admiration for the Reinsdorf and Wirtz families' vision for Chicago's future and the 1901 Project.