- Early Days
- Beginnings of The Businessman
- Walmart Started
Sam Walton was born on March 29, 1918, in Kingfisher, Oklahoma, the first of two children to Thomas Gibson Walton, a banker, farmer, farm loan appraiser, and real estate and insurance agent, and Nancy Lee Lawrence Walton. Walton showed signs of an entrepreneurial gift early on, selling magazine subscriptions, starting at about age seven or eight. He worked his way through college with newspaper routes. After adding routes and hiring helpers, he was earning $4,000 to $5,000 a year. He attended the University of Missouri at Columbia, earning a business degree in 1940. His first job was with J. C. Penney. In January 1942, he returned to Oklahoma, where he worked for a DuPont gunpowder plant in Claremore. There, he met his future wife Helen Robson, daughter of a prominent local attorney, rancher, and politician. Walton was inducted into the U.S. Army on July 16, 1942, and was married on February 14, 1943. The couple was transferred to Salt Lake City, Utah, where he served with Company A...
The couple bought a Ben Franklin five-and-dime franchise in Newport (Jackson County) and opened it for business on September 1, 1945. There, Walton began to develop the discount marketing concept that would make him the richest man in the country. In his autobiography, Sam Walton: Made in America (1992), Walton described an early discount promotion: “Here’s the simple lesson we learned….By cutting your price, you can boost your sales to a point where you earn far more at the cheaper retail price than you would have by selling the item at the higher price. In retailer language, you can lower your markup but earn more because of the increased volume.” Growing from a sales volume of $80,000 to $225,000 in three years, the Newport store was so successful that the landlord did not renew Walton’s lease, giving the location instead to his own son. The Waltons moved to Bentonville (Benton County) on May 1, 1950. By May 9, with his father-in-law’s help, Walton had bought the Harrison Variety...
In 1969, Wal-Mart was incorporated. By January 31, 1970, Walton and his brother owned eighteen Wal-Mart stores and fourteen Ben Franklins. In 1970, the company offered 300,000 shares of public stock. By 1976, Walton had closed all his Ben Franklin stores, and, by the end of 1980, 330 Wal-Marts were in operation. By 1990, there were 1,573 stores, and annual sales were $25.8 billion. In 1991, Wal-Mart became the nation’s largest retailer, with 1,700 stores. On January 12, 1997, the company surpassed $100 billion in sales. Wal-Mart associates, as the employees are called, were offered stock options as part of their employment package. Anecdotes of longtime hourly workers with six-figure retirement accounts are common. Walton became a management leader, his autobiography ranking fourth in 1992 on Publishers Weekly’s Hardcover Nonfiction Bestseller List. At his death, Walton’s net worth was estimated at $21 billion to $23 billion. The story that made Walton a national figure was the hula...
Walton died of cancer on April 5, 1992, in Little Rock (Pulaski County) and is buried in the Bentonville Cemetery directly behind Wal-Mart headquarters, within sight of the satellite dishes that helped make him the richest man in America. 1. Reference: Find A Grave Memorial - SmartCopy: Mar 26 2016, 16:22:19 UTC
- March 29, 1918
Jul 22, 2021 · Sam Walton – The Brain behind World famous Walmart We all hear stories of businesses, startups, and services that bring about a change in the world. Some ideas, services and products are not only unique but provide the existing products and services with utmost standard and offers that it makes it very lucrative to the customer.
Jul 28, 2021 · Sam Walton: Made In America. Rudyard Kipling 60845 People read Update time：2021-07-28. Sam Walton: Made In America Introduce: to the wind, and even this small amount of canvas caused the schooner to lie over so much that it seemed a wonder she did not upset.
Jul 02, 2021 · Three heirs of Walmart Inc. founder Sam Walton have sold a combined 28.6 million shares, worth roughly $4 billion, in the company in the first half of this year, government filings show.
Jul 15, 2021 · The Walton Family Foundation continues a philanthropic vision begun by Walmart founders Sam and Helen Walton. The foundation is dedicated to making a positive difference in K-12 education, freshwater and marine conservation, and quality of life initiatives in our home region.
- Early Life
- Personal Life
- Age, Height, and Weight
- Awards & Achievements
- Net Worth & Salary of Sam Walton in 2021
Samuel Moore Walton was born on March 209, 1918, in Kingfisher, Oklahoma, to his parents Nancy Lee and Thomas Gibson Walton. He used to live on a farm with his parents. He completed his schooling at Columbia’s David H. Hickman High School. Following that, he earned his BA degree in economics from the University of Missouri in 1940. He was the president of Burrell Bible Class and was also an ROTC cadet. In college, Walton was the member of the Beta Theta Pi fraternity.
In February 1943, Sam Walton got married to Helen Robson. They were the parents of four children named Samuel Robson, John Thomas, James Carr, and Alice Louise. Sam Walton died of multiple myeloma on 5th April 1992. He was 74 at the time of his death.
Being born on 29 March 1918, Sam Walton was 74 years old at the time of his death. His height was 1.78 m tall and weighed 75 kg.
After completing his college, Sam Walton became a management trainee at J. C. Penney in Des Moines, Iowa. In there, he used to get a $75per month. He resigned from J. C. Penney in 1942 and got inducted into the U.S. Military. At the same time, he also used to work at a munitions plant of DuPont. Walton then joined the United States Army Intelligence Corps and was positioned in Fort Douglas, Utah. He reached the rank of a captain and left the military in 1945. At the age of 26, he took a loan of $20,000 from his father and went on to buy a variety store, Ben Franklin. He pioneered many concepts, and the sales of his business reached $225,000 in 3 years. He then went on to buy the Bentonville store. In 1962, Sam Walton opened his first Walmart store in Rogers, Arkansas. In the beginning, he collaborated with Stefan Dasbach to expand his business. He’s one of the major driving forces was keeping the price low for the products. In 1970, Walmart became public, and in the 1980s, he went o...
Sal Walton has appeared in the list of the wealthiest man in the USA by Forbes magazine from 1982 to 1988. In 1988, he appeared in the list of ‘100 most influential people of the 20th Century’ by Time magazine. He received the highest civilian honor ‘the Presidential Medal of Freedom’ in 1992 from George H. W. Bush. In 1992, he was inducted into the Junior Achievement U.S. Business Hall of Fame.
As of July 2021, Sam Walton had an estimated net worth of more than $8.6 billion at the time of his death in 1992. He has appeared several times in the list of wealthiest Americans by Forbes. He found considerable success in launching Walmart, which is a global brand today. He is remembered to be the founder of the retail corporation, and Walmart today has established itself to be a top name across the world. Following his death, Walton’s fortune was inherited by his wife and children. Sam Walton is considered one of the most popular entrepreneurs in the world. He is also a philanthropist and strongly believes in the policy of giving back to society. In 1979, he founded the Walmart Foundation and had also been supportive of various charitable causes.
- 29 March 1918
- Sam Walton
- Samuel Moore Walton
- Awards & Nominations
- Net Worth of Walmart Family in 2021
In the year 1945, businessman Sam Walton bought a branch of Ben Franklin stores from the Bulter Brothers that started selling products at the low prices to gain customers. Within the fifth year, the store generated around $250,000 in revenue, but he was unable to reach the agreement for the renewal of the lease agreement. After that, he opens a new store in Bentonville that is now the Walmart Museum. Later, in the year 1962, Sam Walton opened the first Walmart Discount City. In the year 1969, the company was incorporated as Wal-Mart Inc at first, but later in the year 1970, the company’s name was changed to Wal-Mart Stores, Inc. in the same year, the company opened the distribution center and home office in Arkansas and Bentonville. The company had more than 38 stores along with the 1500 employees and the sale of $44.2 million. As a publicly held company, it started trading stock in the year 1970. In the year 1975, the company moved to Texas, and there the company had 125 stores wit...
In the 1980s, Walmart continued to grow rapidly, and there were more than 1198 stores of the company with more than 200,000 associates in the year 1987. In the year 1987, the company also makes the completion of the satellite network. At that time, Walmart has the largest private satellite network that allows it to track inventory and sales and also used to communicate to stores instantly. In the year 1984, Sam Walton started to source around 6% and 40% of products of the company from china. Later in the year 1988, the CEO of the company was replaced by David Glass, and Walton remained as the Chairman of the Boards. In the year 1998, the company surpassed Toys “R” Us with the contribution of the superstores. In the year 1990, Walmart became the largest U.S. retailer by revenue. Later, the company opened stores all around the world that includes Brazil, Argentina, and Europe. Walmart was added to the Dow Jones Industrial Average in the year 1997. Walmart expanded rapidly into the lar...
In the year 2019, Walmart was the World’s largest company by revenue, according to the list of Fortune Global 500. Walmart was listed as America’s largest corporation on the Fortune 500 list in the year 2002, and it has remained there ever year except 2006, 2009, and 2012. Walmart was listed in the list of the New York Stock Exchange in the year 1972. It also became the largest in terms of revenue in the year 1989.
As of July 2021, The net worth of Walmart’s family is around $200 billion. Separately, Jim Walton has a net worth of $53.4 billion, and Alice Walton has a net worth of $53.1 billion. Nancy and Ann Walton have a net worth of $6.9 million and $7.7 million, respectively. The company has more than $514.405 billion in revenue that makes it the largest company by revenue in the world. Walmart Inc. is a well-known American multinational retail corporation that has a chain of discount department stores, hypermarkets, and grocery stores all over the world. The company is known as the largest private employer in the United States of America and Mexico. In the year 2016, Walmart also purchased an e-commerce company named Jet.com. In the year 1988, Walmart was the most profitable retailer in the US. In 2019, Walmart became the largest U.S. grocery retailer, and the company has its stores all around the world.
Jul 13, 2021 · Sam Walton opened the first Walmart in Rogers, Arkansas, in 1962. In 1983, Walton opened the first Sam's Club location in Midwest City, Oklahoma. Microsoft and partners may be compensated if you ...
Jul 23, 2021 · Since founder Sam Walton opened his first store in 1962, Wal-Mart now has more than 1,000 discount stores in the United States. Wal-Mart discount stores offer a variety of quality, value-priced general merchandise and a pleasant, convenient shopping experience.
Jul 16, 2021 · Lukas Walton is the grandson of Walmart founder Sam Walton. He inherited his fortune when his father, John Walton, died in a 2005 plane crash. He received about one-third of his father's estate;...