January 11, 2023 | 12:55 p.m.
Have passed 60 years since the first store was put into service Walmart in the United States and its founder, Sam Waltoncreated the world’s largest retail company by revenue.
Since then the company has transformed and grown, although it remains in the family. Who currently owns Walmart?
It may interest you: What type of company is Walmart?
The birth of the retailer
Sam Walton nation in 1918 in the town of Kingfisher, Oklahoma and grew up on a farm. While studying economics at the University of
During his youth he worked as a salesman in a JC Penny store while studying economics at the University of Missouri, and after returning from World War II in 1945, he and his brother operated branches of Ben Franklin, a chain of five-cent stores.
Sam Walton wanted to establish his business in 1962 he founded the first store he owned under the name Wal-Mart Discount City, en Rogers, Arkansas, en 1962.
Walton family, the heirs
When he died in 1992, Sam Walton he inherited the company to his four children: Samuel Robson, John, James and Alice.
When John Walton passed away, he inherited part of his fortune to his widow Christy, and their son Lukas.
Now, the Walton family owns most of the chain, with a 47% stake in the corporation.
His shares in Walmart, as well as other investments, have made the Waltons the richest family in the worldby amassing a fortune of 224.5 billion dollars, according to Bloomberg.
Expansion to Mexico
Walmart It grew exponentially in the United States by betting on setting up its stores outside the big cities, and in 1991 it decided to venture abroad by setting up a Sam’s Club in Mexico.
The company signed an alliance with the Cifra Group, owned by the Arango brothers, which included Aurrera, Superama, Vips, El Portón and Suburbia.
By 1997, Walmart acquired a majority position in the Mexican company and launched its Initial Public Offering on the Mexican Stock Exchange, where its current market value is around 1.2 billion pesos.