Walton Buys Stake in Diamondbacks

The 81-year-old Walton, worth nearly $146 billion according to Forbes, purchased the stake in 2024 but the transaction was never made public by the team. The proceeds primarily funded Chase Field renovations, with the team having publicly committed $250 million toward ballpark improvements.

As a limited partner, Walton has no decision-making responsibilities or involvement in operations. The move aligns with the team's previous statements about potentially bringing in additional investors for capital needs.