An heir to the Walmart fortune, Lukas Walton, and his wife, Samantha, have purchased a minority stake in the Chicago Bulls and the United Center, the team announced in a news release.
The Bulls said Friday the Reinsdorf family will continue to hold the controlling interest in the team, the United Center and The 1901, a $7 billion private investment in the community surrounding the venue.
“We are pleased to welcome Lukas and Samantha, who share our deep-seated belief in Chicago and our commitment to the institutions that make this city strong,” Michael Reinsdorf, president and chief executive officer of the Chicago Bulls, said in a news release. “Together with our partners at the United Center, the Wirtz family, we are fully aligned in our vision for the Bulls, the United Center campus, and the future of the West Side.”
In a statement, Lukas and Samantha Walton said the transaction “reflects our dedication to the city’s future.”
“…We have long admired the vision the Reinsdorf and Wirtz families have set forth for The 1901 Project, and we look forward to the United Center’s continued positive impact on Chicago’s West Side,” they stated, in part.
Lukas Walton, 39, is the grandson of Walmart founder Sam Walton. Lukas Walton was No. 40 on Forbes’ 2026 Billionaires list, with an estimated net worth of $45 billion, according to the business magazine.
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