Sam Walton

Sam Moore Walton (English: Samuel Moore Walton, March 29, 1918 - April 5, 1992), founder of Wal-Mart, a global leader in retail. In 1918, Sam Walton was born in Kingfisher, Oklahoma, United States. In 1936, Sam Walton entered the University of Missouri to pursue a bachelor's degree in economics and served as president of the university's student union. In 1940, he graduated from college and signed up to join the army, serving in the U.S. Army Military Intelligence Corps. In 1962, he opened a chain of retail stores in Bentonville, Arkansas, named Wal-Mart. Because of its low-price strategy, Wal-Mart achieved great success from the beginning. In its first year, the Bentonville store's sales reached $700,000. In 1964, Wal-Mart already had 5 chain stores, which increased to 18 stores in 1969. In 1990, Wal-Mart became the largest retailer in the United States. In 2001, Wal-Mart became the world's largest company by turnover. In 1992, Sam Walton passed away. According to his will, his property was equally distributed to his wife, three sons and one daughter. According to Forbes statistics in 2005, the five main members of the Walton family: Robson Walton and Jim Walton. The wealth of Walton, John Walton, Alice Walton and Helen Walton are respectively US$18.3 billion, US$18.2 billion, US$18.2 billion, US$18 billion and US$18 billion, ranking 10th to 14th on the global rich list, and they are the richest family in the world.