What is Samuel Robson Walton’s Net Worth?
| net worth: | $61 billion |
|---|---|
| age: | 79 |
| date of birth: | October 28, 1944 |
| gender: | male |
| high: | 1.78 m (5 ft 10 in) |
| country of origin: | USA |
| Source of wealth: | Walmart fortune heir |
| Last updated: | July 31, 2024 |
introduce
As of July 2024, Samuel Robson Walton’s net worth is estimated at $61 billion, making him one of the richest people in the world.
Samuel Robson “Rob” Walton is the heir to the fortune of Walmart, the world’s largest retailer.
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 was the eldest of four children born to Sam 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 his J.D. from Columbia Law School in 1969.
Profession
Samuel Robson Walton, grandson of Sam Walton, one of the richest men in the world, graduated from the University of Arkansas with a bachelor’s degree in business administration.
He then received his J.D. from Columbia Law School in 1969 and joined Conner & Winters, the law firm representing Wal-Mart.
In 1978, he resigned from that position to join the family company as senior vice president and was named vice chairman in 1982.
Wal-Mart under Walton
Wal-Mart began experimenting with early versions of supercenters in the 1980s, overseen by Samuel Robson Walton.
It was called a hypermarket at the time, and it was a comprehensive store that combined the four major stores of a supermarket, a drugstore, a video game arcade, and a discount store.
Basically, everything you see at Walmart today was made possible by the changes that Samuel Walton began implementing when he became senior vice president.
Under his leadership, Walmart continued to grow rapidly. By 1987, the company had 1,198 stores, 200,000 employees, and annual sales of more than $15 billion.
That same year, the company’s satellite network was completed, enabling two-way voice and data transmission to all Walmart stores.
At the time, it was the largest private satellite network, with an investment of $24 million, but it paid off.
The Elon Musk of his time, the changes made under Walton’s leadership helped Walmart become a retail giant.
More Changes
By the 1990s, Walmart had become the largest retailer in the United States by revenue, even though it had no business on the West Coast or the Northeast.
This soon changed, and by the mid-90s the company had even expanded into Mexico and Canada, further increasing its reach.
In 1995, the company began opening stores in Argentina and Brazil, and in 1999, after acquiring Asda for $10 billion, it began opening stores in Europe.
Walmart debuted in the Dow Jones Industrial Average in 1997 and launched Neighborhood Markets in its Arkansas stores the following year.
In 2000, H. Lee Scott took over as president and CEO of Wal-Mart, while Samuel Walton remained as chairman.
Soon thereafter, the company was on its way to $312 billion in sales and had more than 6,200 stores worldwide, including 3,800 in the United States alone.
In 2013, the company acquired a majority stake in Kenyan supermarket chain Naivas, and Tracy Morgan filed a lawsuit against it the following year.
The lawsuit stems from a multi-vehicle pileup that the comedian claims was caused by one of the company’s fleet drivers.
The two sides reached a settlement in 2015, and Samuel Robson Walton resigned that same year.
Walton’s other investments
In addition to his position at Walmart, Samuel Robson Walton and his siblings donated more than $2 billion to the Walton Family Foundation.
He also agreed to buy the Denver Broncos, one of the richest NFL franchises, from the Pat Bowlen estate in 2022 for $4.65 billion.
It set a record for the most expensive sports franchise sale in history, and former Secretary of State Condoleezza Rice later joined the ownership group.
Lewis Hamilton joined soon after, though Walton delegated much of the day-to-day oversight to his son-in-law, Greg Penner, Walmart’s new chairman.
Pena also serves as the team’s CEO and is the public face of the franchise, while Samuel Walton enjoys his privacy.
Samuel Robson Walton Net Worth
As of July 2024, Samuel Robson Walton’s net worth is $61 billion.
emphasize
Here are some highlights from Samuel Robson Walton’s career:
- Chairman of Walmart
- 17th richest person in the world
- Walton Family Foundation
Favorite quotes from Samuel Robson Walton
“I learned from my father that change and experimentation are constant and important. You have to keep trying new things.” – Samuel Robson Walton
“If you like a completely different story and not knowing how it’s going to go… where it’s going to end and where it’s going to take you, then I think my work fits the bill.” – Samuel Robson Walton
“Marvel put out a good product. DC put out a good product. Even Image put out a good product as far as I’m concerned… although it’s rare. But whoever did it, it didn’t get recognized.” – Samuel Robson Walton
“Planet Lucy Press? I formed a company to handle the publishing business and called myself Big Bang Incorporated, which of course has something to do with the Big Bang at the beginning of creation.” – Samuel Robson Walton
“Since the Gulf War, since the establishment of the New World Order, the United States is now the largest arms dealer in the world.” – Samuel Robson Walton
3 Lessons on Leadership from Samuel Robson Walton
Now that you know about Samuel Robson Walton’s net worth and how they achieved their success; let’s look at some leadership lessons we can learn from them:
1. Treat criticism correctly
Always take criticism in the right way, don’t take it personally, but try to change the problem in the criticism.
2. Work hard
Even if you fail or go through hell, keep fighting. Commit yourself to your cause. Believe in it more than anyone else.
3. Remember why you started
Never forget why you started your business in the first place, you started your business for a reason. Thank your coworkers for everything they do for your company.
Salaries and stock options can buy a kind of loyalty. But all of us love to hear someone appreciate what we do for them. We like to hear it often, especially when we’ve done something we’re truly proud of.
Frequently Asked Questions
How much is Samuel Robson Walton worth?
Samuel Robson Walton’s net worth is estimated at $61 billion.
How old was Samuel Robson Walton?
Samuel Robson Walton was born on October 28, 1944 and is now 79 years old.
How tall was Samuel Robson Walton?
Samuel Robson Walton’s height is 1.78 meters, which is equivalent to 5 feet 10 inches.
Summary
Samuel Robson Walton was one of the richest men in the world.
He, along with his siblings and family, inherited the fortune of Walmart, the world’s largest retailer.
As of July 2024, Samuel Robson Walton’s net worth is estimated to be approximately $61 billion.
What do you think of Samuel Robson Walton’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn