Sam Walton

Sam Walton, born in 1918 and passing away in 1992, was an American business magnate best known as the founder of Walmart, the world's largest retailer, and Sam's Club, a membership-only retail warehouse club. Beginning his career in retail management with J.C. Penney, Walton opened the first Walmart store in 1962 in Rogers, Arkansas, emphasizing low prices and great value. Under his leadership, Walmart rapidly expanded and revolutionized the retail industry with its distribution and inventory system. Walton believed in leadership through service, and his commitment to both customers and employees—whom he referred to as "associates"—was a significant factor in the company's monumental success. Apart from his business ventures, Walton was also noted for his philanthropy, with his family establishing the Walton Family Foundation in 1987, which has since donated billions to various causes.