Sam Walton Net worth

Sam Walton Net worth: $65 billion

Sami Walton born as Samuel Moore “Sam” Walton was the successful entrepreneur best known for founding the giant Walmart and Sam’s Club. The starter of the giant $230 billion worth company has the estimated net worth of $65 billion.

Early years of Sam Walton

Born on 1918, March 29 in Kingfisher, Oklahoma, he is the son of Thomas Gibson Walton and Nancy Lee. Walton went to David H. Hickman High School in Columbia followed by the University of Missouri and was the chapter of Beta Theta Pi fraternity. He graduated in 1940 and he holds the bachelor degree in economics. Before going big, he was a management trainee in J.C. Penney in Des Moines, Iowa. In the year 1942, he went to U.S. Army Intelligence Corps and he was back by the year 1945. Sam Walton image from David H. Hickman High School's yearbook[/caption] The idea of gaining success came when he handled the management of variety store. Which later aid him to purchase a Ben Franklin variety store. Starting with the little cash of $25,000, by the two decades, Sam and his younger brother were the owners of 15 Fen Franklin Stores. With the ignore act of his brother, he was later forced to start of his own while he simply succeeded.

Building the empire of Sam Walton

The hungry businessman opened his first Wal-Mart store in Rogers, Arkansas in the year 1962. In 1976, the company was listed as a public traded company and had the share value of $176 million. first Wal Mart store in Rogers, Arkansas in the year 1962[/caption] During the 90’s the company Wal-Mart’s stock was worth to $45 billion while it became the country’s largest retailer in 1991. Whereas, the company at the present has the market value of $250 billion. While the company itself is worth over $230 billion. Walton announced his retirement from the post of CEO in 1988 while he holds the major power in the company until his death.

Personal life of Sam Walton

Walton tied his wedding knot with Helen Robson on February 14, 1943. Unlike, other couples they bypass the system of getting a divorce and remained with together until Sam’s death. The pair share three four children namely Samuel Robson (1944), John Thomas (1946), James Carr (1948) and Alice Louise (1949). They all are well-established in their respective field while they all are fall under rich categories accompanied with billion dollars. Walton Family Home - 1962 Source: HuffingtonPost 

Sam Walton-Death and Legacy

Walton after fighting hard battles with blood cancer died on April 5, 1992, in Little Rock, Arkansas. During the time of his death, his company employed 380,000 people with $50 billion annual sales, 1,735 Wal-Marts, 212 Sam’s Clubs, and 13 Supercenters. The successful American businessman was included in Time’s list of 100 most influential people of the 20^th century in the year 1998. While his other legacy includes Presidential Medal of Freedom. While Forbes ranked as number one richest person in the United States from 1982 to 1988.