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Biography of Sam Moore WaltonName: Sam Moore WaltonBirth Date: March 29, 1918 Death Date: April 5, 1992 Place of Birth: Kingfisher, Oklahoma, United States Nationality: American Gender: Male Occupations: businessman Sam Moore Walton Businessman Sam Moore Walton(1918-1992) built Wal-Mart into one of the nation's largest retailers and became one of the richest Americans.Sam Moore Walton was born in Kingfisher, Oklahoma, March 29, 1918. The older of two boys, his father was a banker. A product of the Great Depression of the 1930s, he graduated from the University of Missouri in 1940. He married Helen Robson after graduation and eventually had four children. He served three years as an Army intelligence officer during World War II.Walton had started in retailing with the J. C. Penney Company in Des Moines, Iowa, as an -a-month trainee. He spent the period 1938-1942 with them. After his army service, in 1945 Walton used his savings plus a ,000 loan to buy a Ben Franklin store in Newport, Arkansas, where his brother joined him. In 1950, when his landlord failed to renew his lease, Walton moved to Bentonville, Arkansas, now a town of about 10,000 …showed first 150 words…
…showed last 150 words…Wal-Mart stock alone. Before his death, Walton penned a book in 1992 entitled Sam Walton, Made in America. By 1997, five years after Walton's death, Wal-Mart had grown to over 2,300 stores with annual revenues of 4.8 billion per year. By the end of 1999 that number had grown to 3,800 stores around the world. Associated Organizations Further Reading The major biography of Sam Walton is Vance H. Trimble, Sam Walton: The Inside Story of America's Richest Man (1990), which discusses his rise and wealth and also describes the common man who continued to live in a small Arkansas town and drives an inexpensive car. Other sources are Art Harris, "The Richest Man in America" in Reader's Digest (May 1986); Howard Rudnitsky, "Play It Again, Sam" in Forbes (August 10, 1987); and Michael Barrier, "Walton's Mountain" in Nation's Business (April 1988). Information on both Sam Walton and Wal-Mart can be found on the World Wide Web at http://www.wal-mart.com. |