Business
Walmart heir Lukas Walton buys minority stake in Chicago Bulls
The Chicago Bulls celebrate during the game after Nikola Vucevic #9 of the Chicago Bulls scores the game winning buzzer beater against the Portland Trail Blazers on Nov. 19, 2025 at the Moda Center Arena in Portland, Oregon.
Cameron Browne | National Basketball Association | Getty Images
Walmart heir Lukas Walton and his wife, Samantha, have acquired a minority stake in the Chicago Bulls and the United Center, the team announced Friday.
The transaction involves the purchase of existing stakes from limited partners and does not provide Walton with a path to controlling ownership, the team said. The size of the minority stake and the valuation were not disclosed.
The Reinsdorf family remains the controlling owner of the Chicago Bulls. Jerry Reinsdorf purchased the team for $16.2 million in 1985. Today, the team is worth approximately $6.45 billion, according to CNBC’s most recent NBA valuations, making the franchise the fifth-most valuable in the league.
The Wirtz and Reinsdorf families split ownership of the United Center, where the Bulls and NHL’s Blackhawks play. They will continue to hold the controlling interest in the United Center and the 1901 Project, a $7 billion redevelopment project on Chicago’s West side, the team said.
The Bulls have been one of the NBA’s most successful franchises in history, winning six championships during the Michael Jordan era. In recent years, however, they have struggled, having not made the playoffs since the 2021-2022 season.
Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and Samantha Walton are residents of Chicago. Lukas Walton has a reported net worth of roughly $45 billion according to Forbes.
“The Chicago Bulls are as iconic as the city itself, and this 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,” the Waltons said in a statement.
Lukas Walton’s uncle, Rob Walton, bought the NFL’s Denver Broncos in 2022 and also owns a stake in MLB’s Arizona Diamondbacks.
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Thailand’s Pay Like a Local Initiative Boosts Cross-Border QR Payments for Tourists
The Tourism Authority of Thailand highlights the “Pay Like a Local” initiative, enhancing cross-border QR payments for tourists. This collaboration involves banks and payment partners, promoting convenience for international visitors.
Introduction to “Pay Like a Local”
Bangkok, 26 June 2026 – The Tourism Authority of Thailand (TAT) is emphasizing the country’s readiness for Cross-Border QR Payment in tourism under the “Pay Like a Local” initiative. This program aims to integrate merchant adoption with traveler awareness, facilitating digital payments for international visitors and presenting new opportunities for Thai businesses. It is a collaborative effort led by the Bank of Thailand, featuring eight notable banks and payment partners such as Alipay and WeChat Pay. The goal is to enhance the ease of QR payments at key tourist attractions across Thailand, with a focus on East Asian markets.
Enhancing the Tourism Experience
Mrs. Sirigesanong Trirattanasongpol, TAT Executive Director for the East Asia Region, highlighted the significance of adapting to changing traveler behavior in regions where mobile payments are prevalent. The Cross-Border QR Payment system is crucial for improving the visitor experience, allowing travelers to use familiar payment methods seamlessly. The initiative supports users from numerous countries, including China and South Korea, reducing cash reliance while providing secure transactions. It positions Thailand as a modern global destination catering to digital-savvy tourists.
Engaging Merchants and Expanding Services
To introduce this initiative effectively, a Merchant Activation Roadshow is underway at Asiatique The Riverfront in Bangkok. This event engages local businesses in embracing QR payments, offering insights, consultations, and registration opportunities. Participating merchants can benefit from promotions and learn about system integration. This follows a successful pilot in Udon Thani aimed at preparing local operators for an expected influx of Chinese tourists. TAT continues to promote broader adoption, aligning with Thailand’s vision of a cutting-edge tourism industry.
Source : TAT highlights Thailand’s “Pay Like a Local” Cross-Border QR Payment readiness
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