Walmart owners earn more in a minute than employees do in a year

inute vs year: An average Walmart employee earns less in year than what the Walton family, owners of the retail behemoth, earns in a minute — a fact cross checked by Washington Post after the latest 2020 US Presidential candidate Bernie Sanders tweeted about the income disparity between the owners and their employees. The Walton family owns 51.11% of the company, which means it controls 1,508,965,874 shares out of 2,952,478,528 total shares — given that the company declared a dividend of $2.08 for the last year, it works out to a dividend income alone of $3,138,649,017.92 ($3.14 billion approximately) for the entire year for the Walton family.
Starlings & underlings: Given a standard work-week of 40 hours — 8 hours a day for 5 days a week — the Walton family earns $1.51 million an hour, or $25,149 per minute. Interestingly, Walmart defines a full time work-week as 34 hours a week, instead of the usual 40.