Sam Walton Biography
Sam Walton nicknamed for Samuel Moore Walton (March 29, 1918- April 5, 1992) was an American businessman and entrepreneur best known for founding the retailers Walmart and Sam's Club till he lived his life. He died on April 5, 1992 in Little Rock, Arkansas, U.S. He was married to his wife Helen Walton from 1943 to his death. Till he lived, his life was full of success and fame. At the result around the year of 1992 his net worth was estimated to around $23 billion dollars. There is huge information about his life in wiki and other biographic sites.
Walton was born on March 29, 1918 in Kingfisher, Oklahoma, U.S. to Tom Gibson Walton and Nancy Lee. He lived there with his parents on their farm until 1923. However, farming did not provide enough money to raise a family, and Thomas Walton went into farm mortgaging. During his early time, he used to work for his brother's Walton Mortgage Company, which was an agent for Metropolitan Life Insurance where he repossessed farms during the Great Depression.
He and his family (now with another son, James, born in 1921) moved from Oklahoma to Orlando, Florida. There they moved from one small town to another for several years. While attending eighth grade in Shelbina, Missouri, Sam became the youngest Eagle Scout in the state's history. In adult life, Walton became a recipient of the Distinguished Eagle Scout Award from the Boy Scouts of America.
Eventually the family moved to Columbia, Missouri. Growing up during the Great Depression, Walton had numerous chores to help make financial ends meet for his family as was common at the time. He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route. In addition, he also sold magazine subscriptions. Upon graduating from David H. Hickman High School in Columbia, he was voted "Most Versatile Boy".
After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as an ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. Also during his time in college, Walton joined the Zeta Phi chapter of Beta Theta Pi fraternity. He was also tapped by QEBH, the well-known secret society on campus honoring the top senior men, and the national military honor society Scabbard and Blade. Additionally, Walton served as President of Burall Bible Class, a large class of students from the University of Missouri and Stephens College. Upon graduating in 1940 with a Bachelor's of Economics, he was voted "permanent president" of the class.
Walton joined J.C. Penney as a management trainee in Des Moines, Iowa, three days after graduating from college. This position paid him $75 a month. Walton spent approximately eighteen months with J.C. Penney. He resigned in 1942 in anticipation of being inducted into the military for service in World War II. In the meantime, he worked at a DuPont munitions plant near Tulsa, Oklahoma. Soon afterwards, Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants and prisoner of war camps. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of Captain.
Walton died on Sunday, April 5, 1992, of multiple myeloma, a type of blood cancer, in Little Rock, Arkansas. His remains are interred at the Bentonville Cemetery. He left his ownership in Wal-Mart to his wife and their children: Rob Walton succeeded his father as the Chairman of Wal-Mart, and John Walton was a director until his death in a 2005 plane crash.