The Walton family saw its fortune drop by nearly $34 billion in only two days as Walmart stock continues to nosedive.

The late Sam Walton's retail giant is experiencing rising costs on shipping, among other things, according to a report.

The result has been the decimation of Walmart's quarter net income through April, which was reported to be 25% lower than it was this time in 2021.

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Earnings per share have also fallen significantly below analyst estimates, according to the report.

"Our first-quarter performance is a disappointment to us, and we're going to put it behind us and have a strong year," Walmart CEO Doug McMillon said.

Investors have not reacted well to the situation, and stock in the retail company slid 11.4% Tuesday and 7% on Wednesday.

Tuesday's slide was the worst single-day drop for Walmart since 1987, according to the report.

Jim, Rob, and Alice Walton, children of Walmart's founder, each lost roughly $9 billion, making them the hardest hit by the drop. Other Walton family members were affected by the decline, each losing more than $1 billion.

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The estimated total net worth of the Walton family is approximately $212 billion as of Wednesday, the report noted.