Walton Buys Stake in Diamondbacks

According to Sportico, the 81-year-old Walton, worth nearly $146 billion per Forbes, purchased the stake in 2024 without public announcement. The "bulk of proceeds" will fund Chase Field renovations, with the team committed to investing $250 million in ballpark improvements.

As a limited partner, Walton has no decision-making responsibilities or operational involvement. The move aligns with previous statements from team officials about potentially bringing in additional investors for capital needs, particularly for ballpark projects.