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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.
When Sam Walton died in 1992, he left his ownership in Wal-Mart to Helen and their four children. In 2002, as Helen Walton was the president of the Walton Family Foundation, a $300 million donation was made to the University of Arkansas, the biggest donation ever made to a public university in the United States. [5]
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.
At the time of her death, The following are a few of the notable figures that passed away in 2007: Helen Walton, the widow of Wal-Mart founder Sam Walton, died in April at the age of 87. The first ...
In 2019, with a strong push from the Walton family, Walmart surveyed its customers and found that more than 40% of them saw the cost of care as the biggest impediment to seeking treatment.
Wal-Mart Stores Inc. opened its first Sam's Club – named for Sam Walton – on April 7, 1983, in Midwest City, Oklahoma. [2] Tomb of James Bud Walton in Memorial Park Cemetery. Together, the Walton brothers donated $150,000 to build a new home for the Columbia Chamber of Commerce and Columbia Convention and Visitors Bureau in Columbia, Missouri.
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion.