Sam Walton Net Worth
Sam Walton Net Worth: Sam Walton was an American businessman and entrepreneur who had a net worth of $8.6 billion at the time of his death in 1992. That is the same as around $15 billion today after adjusting for inflation. In 1985, Forbes magazine proclaimed that Sam Walton was the richest person in the world, a title he hated. At the time, Forbes estimated his net worth at $2.8 billion, which is the same as $6.5 billion today. If he was alive today, Sam's personal net worth would be north of $140 billion. If he was alive today he would also receive a $500 million annual dividend from Walmart.
He was born Samuel Moore Walton on March 29, 1918 in Kingfisher, Oklahoma. He earned his fortune as the founder of two popular American retailers, WalMart and Sam's Club. His concept was simple: He bought a wide variety of products in bulk across his network of stores so he could pass savings on to his customers. High volume, low prices.
He concentrated on selling American-made goods and he treated his customers very well. Walton rose every morning at 4:30 am and never gave into a lavish lifestyle despite a growing enormous fortune. He drove a beat up old truck and lived in the same modest home from the 1950s until his death. When he traveled for work, he flew coach and either stayed in cheap motels or spent the night in one of his managers' guest rooms. The chain, which is one of the biggest retailers in the world, is America's largest employer, providing jobs to more than 1.3 million people.
Upon his death in 1992 Sam's personal fortune was divided by his four children. After his son John died in a plane crash in 2005, Sam's grandson Lukas inherited what is today a $40 billion stake in the company. John's widow Christy also inherited a large fortune and was at one time believed to be the richest woman in the world. Today the primary Walton heirs are worth more than $200 billion, combined.
Sam actually hated to talk about his personal wealth and had this to say when asked about being named the richest person in the world:
"All of that hullabaloo about somebody's net worth is just stupid and it's made my life a lot more complex."
|Net Worth:||$86 Billion|
|Date of Birth:||Mar 29, 1918 - Apr 5, 1992 (74 years old)|
|Nationality:||United States of America|