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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.
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.
Sam Walton founded Walmart in 1962 and Sam’s Club in 1983. His model was “low prices and great services,” as inspired by the dime store he once owned, according to company materials.
Christy Walton was the highest-ranking woman, placing 12th overall, ... Had he been alive in 2001, Sam Walton would have been the world's wealthiest person. 2000.
Sam Walton gave each of his four children a 20% stake in the family enterprise early on, and his three surviving kids each own upward of 11% of Walmart — now a company valued north of $750 ...
Walmart founder Sam Walton gave each of his four children a 20% stake in the family business way back in the 1950s, protecting them from estate taxes. The Walmart heirs are worth $330 billion.
American Heritage magazine published the following list of 40 richest Americans ever in 1998, subtitling it "Surprise: Only three of them are alive today". [9] The list was compiled by taking each person's wealth at death, adding the amount given away during his lifetime, and expressing the total as a fraction of the nation's GDP at the time.
In public, the Waltons live a pretty modest life despite their wealth. Here's how they spend their fortune.