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Forbes ranked Sam Walton as the richest person in the United States from 1982 to 1988, ceding the top spot to John Kluge in 1989 when the editors began to credit Walton's fortune jointly to him and his four children. [37] (Bill Gates first headed the list in 1992, the year Walton died.) Wal-Mart Stores, Inc. also runs Sam's Club warehouse ...
Logo used since January 13, 2025 Sam Walton's original Walton's Five and Dime, now the Walmart Museum Visitor Center in Bentonville, Arkansas.. 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 Original Goods. 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.
Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam's clubs in 24 countries, according to its corporate website. What started as a small shop has ...
It was founded in 1983 and named after Walmart founder Sam Walton as Sam's Wholesale Club. [4] As of January 31, 2019 [update] , Sam's Club ranks second in sales volume among warehouse clubs with $84.3 billion in sales [ 5 ] (in fiscal year 2023), behind its main rivals BJ's Wholesale Club and Costco .
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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.
In September 2024, Alice Walton had a net worth of $88.9 billion, making her the 18th-richest person and the richest woman in the world. [11] The Walton family fortune is broken down as such, as of February 2025: Jim Walton, $117.7 billion [12] S. Robson Walton, $119 billion [13] Alice Walton, $109.8 billion [14] Lukas Walton, $40.9 billion [15]