Born into the billionaire Walton family, he is a director of Walmart, the world's largest company by revenue, co-founder of private equity firm RZC Investments, which bought British cycling brand Rapha in 2017, and founder of Game Composites, a composite aircraft manufacturer.
[2][5][6] Afterward, Walton worked in Walmart's mergers and acquisitions division, as well as the company's Carnaby Street office in London.
[11] The company bought a majority stake of British bikewear business Rapha in August 2017,[11] in addition to investing in road-bike maker Allied Cycle Works.
[14] Walton helped Bentonville, Arkansas, become host city for the 2016 International Mountain Bicycling Association World Summit.
[15] Also in 2016, Steuart and Tom Walton launched the Innovation Competition to focus on healthy living and strong downtowns in Benton County, Arkansas.
[23] Walton is a pilot and owns numerous warbirds including a Goodyear F2G Corsair and several North American P-51 Mustangs.