Sam Walton
Sam Walton was born in Kingfisher, Oklahoma, United States on March 29th, 1918 and is the Entrepreneur. At the age of 74, Sam Walton biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Samuel Moore Walton (March 29, 1918 – April 5, 1992), an American businessman and entrepreneur best known for founding the Walmart and Sam's Clubs.
Wal-Mart Stores Inc.
The company, as well as the world's largest private employer, grew to be the world's biggest company by revenue, as well as the world's biggest private employer.
Walton was America's richest man for a period of time.
Early life
Samuel Moore Walton was born in Kingfisher, Oklahoma, to Thomas Gibson Walton and Nancy Lee. He and his parents farmed on their farm until 1923. However, farming did not have enough funds to support a family, and Thomas Walton went into farm mortgaging. During the Great Depression, he worked for Walton Mortgage Company, which was an Metropolitan Life Insurance agent, where he foreclosed on farms during the Great Depression.
He and his family (now with another son, James, who was born in 1921) moved from Oklahoma. They went from one small town to another for several years, most in Missouri. Sam was the youngest Eagle Scout in the state's history when he was eighth grade in Shelbina, Missouri. Walton received the Distinguished Eagle Scout Award from the Boy Scouts of America in adulthood.
Eventually, the family relocated to Columbia, Missouri. He did chores to help with family's finances as was normal at the time. He milked the family cow, bottled the surplus, and delivered it to customers. He'll then distribute Columbia Daily Tribune newspapers on a paper route. In addition, he sold magazine subscriptions. He was named "Most Versatile Boy" after graduating from David H. Hickman High School in Columbia.
Walton's dream of helping his family after high school prompted him to enroll in college in the hopes of finding a more effective way to assist his families. As an ROTC cadet, he attended the University of Missouri. During this period, he did odd jobs, including waiting tables in exchange for meals. Walton also participated in Zeta Phi fraternity during his time in college. Scabbard and Blade were also selected by QEBH, the well-known secret society on campus recognizing the top senior men, and the national military honor society Scabbard and Blade. In addition, Walton served as president of Burall Bible Class, which was a large group of students from the University of Missouri and Stephens College. He was named the class's "perpetuent president" after graduating in 1940 with a bachelor's degree in economics.
In addition, he emphasized that he learned from a young age that it was important for them to help provide for the family, not to be givers rather than takers. Walton discovered while serving in the army that he wanted to go back to shoping and go into self-employment.
Walton joined J. C. Penney as a leadership trainee in Des Moines, Iowa, just days after graduating from college. He was paid $75 per month for his time in this capacity. Walton was with J. C. Penney for about 18 months. In 1942, he resigned in the hopes of being drafted into the service in World War II. In the meantime, he worked at a DuPont munitions plant near Tulsa, Oklahoma. Walton joined the military in the United States Army Intelligence Corps shortly after, supervising aircraft operations. He worked at Fort Douglas in Salt Lake City, Utah, as a soldier in this capacity. He eventually rose to the rank of captain.
Personal life
On Valentine's Day, 1943, Walton married Helen Robson. They had four children: Samuel Robson (Rob) was born in 1944, John Thomas (1946-2005), John Thomas (Jim) was born in 1948, and Alice Louise was born in 1949.
Walton's money went to various charitable causes. Helen and Sam were active in 1st Presbyterian Church in Bentonville; Sam served as an elder and a Sunday School coach, instructing high school age students. The family made major contributions to the congregation. Walton introduced the concept of "service leadership" into Walmart's corporate structure based on the belief that Christ is a servant leader and stressed the importance of helping others based on Christianity.
Walton was diagnosed and treated for hairy cell leukemia.
Walton died in Little Rock, Arkansas, on Sunday, April 5, 1992 (three months before Walmart's thirtieth anniversary) of multiple myeloma, a form of blood cancer). All 1,960 Walmart stores were broadcast via satellite. His company, at the time, was employing 380,000 workers. Almost $400 billion in annual revenues from 1,735 Walmarts, 212 Sam's Clubs, and 13 Supercenters have been generated.
His remains are laid to rest at the Bentonville Cemetery. He passed on his Walmart ownership to his wife and their children: Rob Walton succeeded his father as the Chairman of Walmart, and John Walton served as a director until his death in a 2005 plane crash. The others are not directly involved in the company (except for their voting power as shareholders), but Arvest Bank's chairman Jim Walton is chairman. Before 2005, the Walton family ranked fifth in the top ten richest people in the United States. Sam Walton's sister, Ann Kroenke and Nancy Laurie Laurie, each have smaller stakes in the firm.