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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.
Walton Family Foundation is an American private foundation and the main philanthropic organization of the Walton family. It was created in 1987 by Walmart founder Sam Walton and his wife Helen Walton. As of 2023, the foundation's giving focuses on environmental and educational causes, as well as supporting communities in Northwest Arkansas and ...
Walmart Inc. Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. [10]
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 ...
In 2016, Walton donated $225 million among a total $407 million from Walmart heirs to the Walton Family Holdings Trust, which finances the family's philanthropy. [25] Walton formed the Alice L. Walton Foundation in 2017. [26] [21] The foundation promotes arts, education, health, and improving economic opportunity. [26]
Helen Walton. Helen Robson Walton (December 3, 1919 – April 19, 2007) was an American philanthropist and prominent arts advocate, dedicated to being a grandmother and to her community in Bentonville, Arkansas where she instituted a committee for a national museum of arts. After 31 years of activity, the Arkansas Committee on the National ...
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Carrie Walton Penner (born August 12, 1970) is the granddaughter of Sam Walton [2] the founder of Walmart, [2] and the daughter of former company chairman S. Robson Walton. [3] Walton Penner is an influential figure in the charter school movement. [2] [4] [5] She also serves as an owner of the Denver Broncos. [6] [7]