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Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses.
Samuel Moore Walton 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. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world. For a period of time, 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 US$240.6 billion as of January 2022. In 1992 at the age of 74, Walton died of blood cancer and was put to rest at the Bentonville Cemetery in his longtime home of Bentonville, Arkansas.
Helen Robson Walton (December 3, 1919 – April 19, 2007) was an American philanthropist and prominent arts advocate, dedicated to her community in Bentonville, Arkansas where she instituted a committee for a national museum of arts. After 31 years of activity, the Arkansas Committee on the National Museum for Women in the Arts is the longest standing committee in the state. She was also the wife of Walmart and Sam's Club founder Sam Walton. At one point in her life, she was the richest American and the eleventh-richest woman in the world.
Samuel Robson "Rob" Walton is an American billionaire heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. As of November 2023, Walton had an estimated net worth of US$72 billion, making him the 16th richest person in the world. He is also the principal owner of the Denver Broncos.
Alice Louise Walton is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. In September 2016, she owned over US$11 billion in Walmart shares. As of November 2023, Walton has a net worth of $71 billion, making her the 17th richest person and the second-richest woman in the world according to Bloomberg Billionaires Index, after Françoise Bettencourt Meyers. In the spring of 2023, Forbes estimated her fortune at $56.7 billion and moved her to third on the list of the richest women.
James Carr Walton is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer. As of November 2023, Walton was the 15th-richest person in the world, with a net worth of US$73 billion according to Bloomberg Billionaires Index. He is the youngest son of Sam Walton.
John Thomas Walton was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholarship Fund, providing tuition scholarships for disadvantaged youth.
Christy Ruth Walton is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart.
Thomas Martin Coughlin was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidant of founder Sam Walton.
The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States of America.
Walmarting or Walmartization is a neologism referring to U.S. discount department store Walmart with three meanings. The first use is similar to the concept of globalization and is used pejoratively by critics and neutrally by businesses seeking to emulate Walmart's success. The second, pejorative, use refers to the homogenization of the retail sector because of those practices. The third, neutral, use refers to the act of actually shopping at Walmart.
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding inside Oklahoma by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fueled by new store construction, although the chains Mohr-Value and Kuhn's Big K were also acquired. The company introduced its warehouse club chain Sam's Club in 1983 and its first Supercenter stores in 1998.
Mellody Hobson is an American businesswoman who is president and co-CEO of Ariel Investments, and the chairwoman of Starbucks Corporation. She is the former chairwoman of DreamWorks Animation, having stepped down after negotiating the acquisition of DreamWorks Animation SKG, Inc., by NBCUniversal in August 2016. In 2017, she became the first African-American woman to head The Economic Club of Chicago. She was also named to chair the board of directors of Starbucks in 2021, making her one of the highest profile corporate directors in the United States.
The Sam M. Walton College of Business is the business school at the University of Arkansas, a public research university in Fayetteville, Arkansas. Created in 1926, the college is the second-largest college at the University of Arkansas, with over 5,000 undergraduate students as of Fall 2016. Walton College offers undergraduate, master's, and doctoral programs and is known nationally for its strong programs in retail, finance, information systems, and supply chain management. U.S. News & World Report consistently ranks Walton College among the top business schools in the country. The college has a close relationship with Walmart Stores, Inc., based in nearby Bentonville, Arkansas, and related vendor community.
Gregory Boyd Penner is an American businessman who is the chairman of Walmart and the co-owner and CEO of the Denver Broncos of the National Football League (NFL). He is the son-in-law of S. Robson Walton and the grandson-in-law of Sam Walton, the founder of Walmart.
The Charter School Growth Fund (CSGF) is a Broomfield, Colorado-based nonprofit philanthropic venture capital fund that identifies the country's best public charter schools, funds their expansion, and helps to increase their impact. CSGF is driven by a conviction that all children deserve great public schools in their communities.
Margaret McKenna is a civil rights attorney, academic, educator, public speaker and expert on philanthropy. She has served on the boards of several universities and businesses in the US.
Lukas Tyler Walton is an American billionaire heir. He is the grandson of Sam Walton, the founder of Walmart.
Kelly Rohrbach is an American actress and model, best known for her role as C. J. Parker in the film Baywatch.
Steuart Walton is an American attorney and businessman. Born into the billionaire Walton family, he is a director of Walmart, the world's largest company by revenue, co-founder of private equity firm RZC Investments, which bought British cycling brand Rapha in 2017, and founder of Game Composites, a composite aircraft manufacturer.
References
- ↑ "Board Members - Board of Trustees" . Retrieved 2023-07-15.
- 1 2 3 "Forbes India Magazine - WalMart heir Carrie Walton Penner: Force behind America's charter school movement". forbesindia.com. Retrieved 28 June 2015.
- ↑ Serwer, Andy (June 5, 2015). "Walmart board chair Rob Walton steps down, hands off to Greg Penner". yahoo.com. Yahoo Finance. Retrieved 27 March 2017.
- ↑ Rick Cohen (4 December 2014). "Carrie Walton Penner's Agenda for Education Reform through Walton Philanthropy". Nonprofit Quarterly. Retrieved 28 June 2015.
- 1 2 3 Luisa Kroll. "Sam Walton's Granddaughter Has Plans To Fix Public Education In America". Forbes. Retrieved 28 June 2015.
- 1 2 3 4 5 6 7 8 9 10 11 "This Quiet Walton Heir Is An Uber Education Policy Wonk - Inside Philanthropy: Fundraising Intelligence - Inside Philanthropy". insidephilanthropy.com. 14 February 2014. Retrieved 28 June 2015.
- ↑ "NFL owners approve Walton-Penner group's purchase of Denver Broncos franchise". NFL.com. August 9, 2022. Retrieved August 14, 2022.
- ↑ DiLalla, Aric. "'Putting a winning team on the field is our No. 1 priority': Walton-Penner Family Ownership Group unanimously approved, introduced as new Broncos owners". www.denverbroncos.com. Retrieved 17 September 2022.
- ↑ Dudley, Renee (6 June 2014). "Greg Penner Emerges as Heir to Wal-Mart's Chairmanship". Bloomberg.
- ↑ "Board Members - Board of Trustees" . Retrieved 2023-07-15.