NEW YORK – Walmart hopes Burger King’s subscription program will give it a huge advantage over Amazon.
The retailer is partnering with the fast-food chain to give members of its $98-a-year Walmart+ subscription program 25 percent off Burger King orders every day and free Whoppers every three months, both companies announced Thursday.
It’s the latest benefit of Walmart+, a four-year-old program aimed squarely at competing with Amazon Prime. It offers similar perks, including free shipping and same-day grocery delivery. Walmart has kept its annual price lower than Prime’s ($139) and has added benefits like this to catch up with Amazon and achieve its dominance.
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Walmart is collaborating with Burger King on a new promotion.
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For Burger King, the partnership is another opportunity to attract fast-food customers who have previously shied away from higher prices.
“This unique benefit is designed to save members time and money and accommodate their busy lifestyles where grocery shopping, meal planning and cooking are not always possible,” Walmart said in a press release. The Burger King benefit “served as a convenient, cost-effective solution to accommodate meal preferences and busy schedules.”
To access the deals, Walmart+ members must link their accounts to a free Burger King Royal Perks profile. The discount only applies to orders made through the burger chain’s app. The free Whopper perk begins in September, while the 25% discount is effective immediately.
Amazon and Walmart do not explicitly disclose membership numbers for their programs, but according to a third-party analysis, Walmart’s 29 million members lag far behind Amazon’s 184 million members in the U.S.
Two years ago, Amazon partnered with GrubHub to offer the food delivery app’s subscription program for free to Prime members. The deal was recently extended.
Facebook founder, Walmart heir and a member of the Trump family – these are the 11 youngest billionaires in America
Facebook founder, Walmart heir and a member of the Trump family – these are the 11 youngest billionaires in America
The 10 richest people in the world each have at least $100 billion in wealth. Many of them are over 50 years old and have years of experience starting and running companies, including Elon Musk, who is currently considered the richest person in the world with a total net worth of over $200 billion.
The latest Forbes 400 list of America’s richest people includes several new additions. Michael Jordan is the first athlete to appear on the list, while several others have disappeared entirely, including former President Donald Trump, whose legal entanglements have raised doubts about his true wealth.
Of the 400 richest Americans, only four are under 40, or just 1% of the list. According to Forbes, that’s the lowest percentage of members on the annual list in at least two decades. Four people who were on the list last year have dropped out. Snap Inc.’s share price crash knocked co-founders Bobby Murphy and Evan Spiegel out of the ranks. FTX co-founders Sam Bankman-Fried and Gary Wang were also on the list in 2022, but dropped out after the company went bankrupt amid fraud allegations.
Benzinga breaks down the 11 youngest billionaires on the Forbes 400 list of the world’s richest people for 2023, from oldest to youngest.
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11. Joe Gebbia (42): $8.9 billion, co-founder of Airbnb Inc.
Gebbia is currently chairman of the nonprofit organization Airbnb.org.
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10. Brian Chesky (42): $10.0 billion, co-founder of Airbnb Inc.
Chesky is the current CEO of Airbnb Inc.
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8. Lynsi Snyder (41): $6.7 billion, heiress of In-N-Out Burger
The In-N-Out Burger restaurant company was founded by Snyder’s grandparents. Snyder acquired the last share of stock from a complex phased equity trust in 2017 and now owns 97% of the company.
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7. Scott Duncan (40): $7.4 billion, heir to the Enterprise Products Partners fortune
Duncan inherited a stake in an oil and gas pipeline company from his late father, which includes an interest in Enterprise Products Partners.
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6. Brian Armstrong (age 40): $3.7 billion, co-founder and CEO of Coinbase Global Inc.
Coinbase Global reached a peak market cap of $100 billion when it went public in 2021 and is now worth $18 billion. The stock is up 113% year-to-date in 2023, adding about $1 billion to Armstrong’s wealth from last year’s list.
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5. Nathan Blecharczyk (40 years old): $9.5 billion, co-founder of Airbnb Inc.
Blecharczyk was the company’s original technical director and programmed the first website. He now serves as the company’s strategy director.
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4. Mark Zuckerberg (age 39): $106 billion, co-founder and CEO of Meta Platforms Inc.
Zuckerberg is by far the richest of the 11 people listed here and one of the 10 richest people in the world. He was the founder of social media giant Facebook before expanding his corporate empire by founding Meta. Meta Platforms shares have risen more than 100% in 2023 and the company is the eighth most valuable publicly traded company by market capitalization, valued at nearly $800 billion.
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3. Dustin Moskovitz (39): $12.2 billion, co-founder of Meta Platforms Inc. and Asana Inc.
Moskovitz co-founded work management company Asana Inc., of which he is currently CEO. Moskovitz still owns a stake in Meta Platforms, which helps increase his net worth on this year’s list.
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2. Josh Kushner (38): $3.6 billion, founder and managing partner of Thrive Capital
Josh Kushner is a member of the Kushner family, known for its real estate empire. He is the brother of Jared Kushner, who is married to Donald Trump’s daughter Ivanka Trump. Kushner’s father, Charles, was pardoned by Trump shortly before he left office. Kushner has tried to distance himself from his family’s real estate business by focusing on venture capital funds. Kushner founded the venture capital firm Thrive Capital in 2010 and has invested in companies such as Instagram, Spotify and Slack.
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1. Lukas Walton (37): $24.2 billion, founder and CEO, Builders Vision
Lukas Walton is the youngest member on the list, joining after four younger individuals dropped out of the list. Walton is the only son of John Walton, who died in a plane crash in 2005, and grandson of Walmart Inc. co-founder Sam Walton. Walton is involved in philanthropy and promotes environmental and social enterprise through his chairmanship of the environmental program committee of the Walton Family Foundation and Builders Vision.
This story was produced by Benzinga and reviewed and distributed by Stacker Media.
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