Walmart is one of the world’s richest and widespread company. This Retail chain is started by Sam Walton and this firm is now net worth of 446.950 Billion.
The Founder Sam Walton worked for J.C Penny for a year and half in the early 40’s and after that he managed a Ben Franklin general store in Newport, Arkansas. The company boomed in his management. and later he started his own shop called Walton’s Five and Dime. after some years later in 1962. Sam started the gem of his career “Walmart Discount City”. And within 5 years the number of Walmart stores has increased into 24.
The booming of growth of Walmart started in the 80’s and 90’s and crushed every small local store in every state and city they opened. The Walmart later expanded into the neighbouring countries Canada and Mexico. The company later started the toy company “R” Us in the 90’s and this retail giant later expanded into other countries like UK, Brazil, Japan, India and Argentina etc.
Walmart Net Worth: $446.95 Billion
Since its start from the 60’s the company now in 2012 is widespread in 15 countries and is having 8,500 stores and 2.2 million employees.