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Sam Walton. Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas and Midwest City, Oklahoma in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the ...
The majority of the family's wealth derives from the heritage of Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer.
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1] The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding inside Oklahoma by 1968 and throughout the rest ...
Walmart founder Sam Walton and his wife Helen, on their wedding day, February 14, 1943. At the time, Sam was a management trainee with the J.C. Penney Company. Photo: Courtesy of Walmart.
The Walton family is still the major shareholder of Walmart Inc. The children of Walmart founder Sam Walton own about half of all Walmart shares, according to official company documents. The ...
When Sam Walton opened the first Walmart on July 2, 1962 in Rogers, Arkansas, he wanted to give customers unparalleled bargains on a wide variety of products. He succeeded, because by the time the ...
Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings. [17] Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$ 510.329 billion sales came from U.S. operations.
The Walton family is worth more than $330 billion, dwarfing Elon Musk's $237 billion fortune. They owe some of their wealth to a savvy decision by Walmart founder Sam Walton over 70 years ago.
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