Sam Walton
American business magnate (1918–1992)
Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate, philanthropist, and military veteran best known for co-founding the retailers Walmart with his brother James "Bud" Walton and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively. Wal-Mart Stores Inc.2
From Wikipedia’s article on Sam Walton (this version), CC BY-SA 4.0.
Born Mar 29, 1918, died Apr 5, 1992.1
About
Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world.
From 1982 to 1988, Walton was the richest person in the United States. His family has remained the richest family in the U.S. for several consecutive years, with a net worth of around $440.62 billion US as of January 2026. In 1992 at the age of 74, Walton died of blood cancer and was buried at the Bentonville Cemetery in his longtime home of Bentonville, Arkansas.
From Wikipedia’s article on Sam Walton, shared under CC BY-SA 4.0.2
Companies
Early life and education
- Date not recordedTrulaske College of Business3
- Date not recordedDavid H. Hickman High School3
- Date not recordedUniversity of Missouri3
Samuel Moore Walton was born to Thomas Gibson Walton and Nancy Lee, in Kingfisher, Oklahoma. He lived there with his parents on their farm until they moved in 1923. However, farming did not provide enough money to raise a family, and Thomas Walton went into farm mortgaging. He worked for his brother's Walton Mortgage Company, which was an agent for Metropolitan Life Insurance, where he foreclosed on farms during the Great Depression.
He and his family (now with another son, James, born in 1921) moved from Oklahoma. They moved from one small town to another for several years, mostly in Missouri. While attending eighth grade in Shelbina, Missouri, Sam became the youngest Eagle Scout in the state's history. In adult life, Walton became a recipient of the Distinguished Eagle Scout Award from the Boy Scouts of America.
Eventually the family moved to Columbia, Missouri. Growing up during the Great Depression, he did chores to help make financial ends meet for his family as was common at the time. He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route. In addition, he sold magazine subscriptions. Upon graduating from David H. Hickman High School in Columbia, he was voted "Most Versatile Boy".
After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as an ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. Also during his time in college, Walton joined the Zeta Phi chapter of Beta Theta Pi fraternity. He was also tapped by QEBH, the well-known secret society on campus honoring the top senior men, and the national military honor society Scabbard and Blade. Additionally, Walton served as president of Burall Bible Class, a large class of students from the University of Missouri and Stephens College.
Walton earned Bachelor of Arts degree in economics from the University of Missouri in 1940. At the university, he was voted "permanent president" of the class.
Furthermore, he elaborated that he learned from a very early age that it was important for them as kids to help provide for the home, to be givers rather than takers. Walton realized while (later) serving in the army, that he wanted to go into retailing and to go into business for himself.
Walton joined JCPenney as a management trainee in Des Moines, Iowa, three days after graduating from college. This position paid him $75 a month. Walton spent approximately 18 months with J. C. Penney. He resigned in 1942 in anticipation of being inducted into the military for service in World War II. In the meantime, he worked at a DuPont munitions plant near Tulsa, Oklahoma.
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US Army
Soon afterwards, Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of captain.
From Wikipedia’s article on Sam Walton (this version), CC BY-SA 4.0.
Career
Occupation: entrepreneur, businessperson, economist.9
Personal life
- BornMar 29, 1918, Kingfisher10
- DiedApr 5, 1992, Little Rock11
- CitizenshipUnited States12
- ResidenceKingfisher13
- SpouseHelen Walton 1943 to 199214
- Children415
Walton married Helen Robson on Valentine's Day, February 14, 1943. They had four children: Samuel Robson (Rob) born in 1944, John Thomas (1946–2005), James Carr (Jim) born in 1948, and Alice Louise born in 1949.
Walton supported various charitable causes. Walton was a long-term supporter of country music, with a particular appreciation of Dolly Parton, whose debut album Hello, I'm Dolly became the first album to be widely stocked in Walmart in 1967.
Religion
He and Helen were active in 1st Presbyterian Church in Bentonville; Sam served as an Elder and a Sunday School teacher, teaching high school age students. The family made substantial contributions to the congregation. Walton worked the concept of “service leadership” into the corporate structure of Walmart based on the concept of Christ being a servant leader and emphasized the importance of serving others based in Christianity.
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Health issues and death
In 1982, Walton was diagnosed and treated for Hairy cell leukemia. He was diagnosed with bone cancer in 1990 and had gone through radiation therapy and chemotherapy at MD Anderson Cancer Center in Houston, Texas. Walton died on Sunday, April 5, 1992, a week after his 74th birthday and three months shy of Walmart's thirtieth anniversary, of multiple myeloma, a type of blood cancer, in Little Rock, Arkansas. A few days earlier, according to his son, Walton was still reviewing sales data in his hospital bed. The news of his death was relayed by satellite to all 1,960 Walmart stores. At the time, his company employed 400,000 people. Annual sales of nearly $50 billion flowed from 1,735 Walmarts, 212 Sam's Clubs, and 13 Supercenters.
His remains are interred at the Bentonville Cemetery. He left his ownership in Walmart to his wife and their children: Rob Walton succeeded his father as the Chairman of Walmart, and John Walton was a director until his death in a 2005 plane crash. The others are not directly involved in the company (except through their voting power as shareholders), however his son Jim Walton is chairman of Arvest Bank. The Walton family held five spots in the top ten richest people in the United States until 2005. Two daughters of Sam's brother Bud Walton — Ann Kroenke and Nancy Laurie — hold smaller shares in the company.
From Wikipedia’s article on Sam Walton (this version), CC BY-SA 4.0.
Awards
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataSam Walton on Wikidata
- 2WikipediaSam Walton on Wikipedia
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- 14WikidataSam Walton: spouse, on Wikidata
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- 16WikidataSam Walton: award, on Wikidata
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- 18WikidataWalmart, Founder