How much is Samuel Robson Walton’s net worth?
| net worth: | $61 billion |
|---|---|
| age: | 79 |
| Birth: | October 28, 1944 |
| gender: | Male |
| Height: | 1.78 m (5 ft 10 in) |
| country of origin: | United States of america |
| Sources of funds: | Heir to the Walmart Fortune |
| Last Updated: | July 31, 2024 |
Introduction
As of July 2024, Samuel Robson Walton’s net worth is approximately $61 billion, making him one of the richest people in the world.
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Samuel Robson “Rob” Walton is the heir to the world’s largest retailer, Walmart.
Walton is the eldest son of Helen and Sam Walton. He served as chairman of Walmart from 1992 to 2015.
early life
Samuel Robson Walton was born on October 28, 1944 in Tulsa, Oklahoma.
Walton is the eldest of four children of Sam Walton and Helen Walton.
He has a younger brother Jim Walton and a younger sister Alice Walton. His other brother John Walton died in 2005.
Walton attended the College of Wooster and graduated from the University of Arkansas in 1966.
He received a Juris Doctor degree from Columbia Law School in 1969.
Livelihood
Born to Sam Walton, one of the richest men in the world, Samuel Robeson Walton received a BS in Business Administration from the University of Arkansas.
He then received his Juris Doctor degree from Columbia Law School in 1969 and then joined the law firm Connor & Winters, which represented Walmart.
He left this position in 1978 and joined his family’s company as senior vice president, and was appointed vice president in 1982.
Walmart under Walton’s leadership
In the 1980s, Walmart began experimenting with early versions of the supercenter under the supervision of Samuel Robson Walton.
Called Hyper-Mart at the time, it was a combination of four stores, including a supermarket, pharmacy, video arcade, and discount store.
Essentially, everything you expect to see at Walmart today was put into place when Samuel Walton began implementing changes as senior vice president.
Under his guidance, Walmart continued to grow rapidly, and by 1987 it had 1,198 stores, 200,000 employees, and annual sales of over $15 billion.
That same year, the company’s satellite network was completed, making two-way voice and data transmission possible from all Walmart stores.
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At the time, it was the largest private satellite network, and $24 million was invested in it, but it ultimately resulted in failure.
The changes made under the direction of Walton, the then-Elon Musk, helped Walmart become a giant in the retail world.
Even more changes
Entering the 1990s, Walmart was the largest retailer in the US by revenue, and prior to that, it had no presence on the West Coast or the Northeast.
This soon changed, and by the mid-90s the company had expanded to Mexico and Canada, further increasing its influence.
Stores began opening in Argentina and Brazil in 1995, and in Europe in 1999, after the company purchased Asda for $10 billion.
Walmart debuted in the Dow Jones Industrial Average in 1997 and introduced its Neighborhood Markets to Arkansas stores the following year.
H. Lee Scott took over as Walmart’s president and CEO in 2000, while Samuel Walton remained its chairman.
Soon after, the company began generating sales of $312 billion through more than 6,200 stores worldwide, including 3,800 in the United States alone.
In 2013, the company purchased a majority stake in Kenyan supermarket chain Naivas, and was sued by Tracy Morgan the following year.
The suit arose from a collision between several cars, which the comedian said was caused by one of the company’s drivers.
The settlement was reached in 2015, the same year Samuel Robson Walton resigned from his position.
Walton’s other ventures
In addition to his position at Walmart, Samuel Robson Walton, along with his siblings, have donated over $2 billion to the Walton Family Foundation.
He also agreed to purchase one of the richest NFL teams, the Denver Broncos, from the Pat Bowlen estate for $4.65 billion in 2022.
It set a record for the most expensive sports franchise sale in history and later added former Secretary of State Condoleezza Rice to the ownership group.
Lewis Hamilton was brought on board soon after, though Walton handed most of the day-to-day operations over to his son-in-law, Greg Penner, who was Walmart’s new president.
Penner also serves as the franchise’s CEO and is the public face of the ownership group, while Samuel Walton enjoys his privacy.
Samuel Robson Walton Net Worth
As of July 2024, Samuel Robson Walton’s net worth is $61 billion.
Highlights
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Here are some of the best highlights of Samuel Robson Walton’s career:
- President of Walmart
- 17th richest person in the world
- Walton Family Foundation
Favorite Quotes from Samuel Robson Walton
“I have learnt from my father that change and experimentation are constant and important. You should keep trying new things.” – Samuel Robson Walton
“If you like a story that’s completely different and you don’t know where it’s going to go… where it’s going to end and where it’s going to take you, then I think my work is perfect for that.” – Samuel Robson Walton
“Marvel has put out a good product. DC has put out a good product. As far as I’m concerned, Image has put out a good product as well… although it’s few and far between. But it’s not getting the recognition it deserves, no matter who’s making it.” – Samuel Robson Walton
“Planet Lucy Press? I incorporated myself to deal with publishing and was calling myself Big Bang Incorporated, which of course has a connection to the Big Bang at the beginning of creation.” – Samuel Robson Walton
“Since the Gulf War, since the new world order, the US is now the number one arms dealer in the world.” – Samuel Robson Walton
3 Lessons from Samuel Robson Walton About Leadership
Now that you know all about Samuel Robson Walton’s net worth and how he achieved success; let’s look at some leadership lessons we can learn from him:
1. Take criticism the right way
Always take criticism in the right way, not personally, but try to change the problem underlying the criticism.
2. Hard work
Even if you lose or go through difficult situations, keep fighting. Be dedicated to your work. Believe in it more than anyone else.
3. Remember why you started
Never forget why you started, there was a reason you started. Appreciate everything your colleagues do for the business.
A paycheck and a stock option can buy a kind of loyalty. But we all love to hear how much someone appreciates the work we do. We like to hear it often, and especially when we’ve done something we’re really proud of.
Frequently Asked Questions
How much is Samuel Robson Walton’s net worth?
Samuel Robson Walton’s net worth is estimated at $61 billion.
How old is Samuel Robson Walton?
Samuel Robson Walton was born on 28 October 1944 and is currently 79 years old.
How tall is Samuel Robson Walton?
Samuel Robson Walton has a height of 1.78 m, which is equivalent to 5 feet 10 inches.
Summary
Samuel Robson Walton is one of the richest people in the world.
Along with his siblings and family, he is heir to the fortune of Walmart, the world’s largest retailer.
As of July 2024, Samuel Robson Walton’s net worth is estimated to be roughly $61 billion.
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Category: Net worth