Samuel Robson Walton Net Worth

Samuel Robson Walton is an American billionaire businessman who owns a majority of the Walton family fortune.

Introduction

Samuel Robson Walton, the grandson of Sam Walton, passed away on July 18, 2020, in Arizona, aged 96, and his net worth stands at $68 Billion.

Walton was born to parents Helen and Sam Walton. The fortune he inherited was generated from Walmart, a US based multinational corporation. He was also the Chairman of Walmart from 1992 to 2015. During his tenure, he turned Walmart into the world’s largest retailer.

Early Life

Sam Walton grew up in Bentonville, Arkansas, Walton founded the company bearing his name with his siblings. He has been an integral part of the company for six decades. The Walmart Corporation is based in Bentonville, Arkansas. Sam Walton established the company in 1962, to compete with local chain, J.C. Penney.

Walton attended and graduated from The College of Wooster as well as from the University of Arkansas. He received his J.D. from Columbia Law School in 1969.

Career

In 1984, Walton was recruited by Sam Walton to lead a new unit of Wal-Mart called Sam’s Club. As a young man, Sam Walton was an avid golfer at the Walton’s “Golf Club,” the company’s original name. The company changed its name to Wal-Mart in 2001 to more accurately reflect its business model.

He also made contributions to the family business, the Walton Family Foundation.

He joined Walmart in 1987 as associate general counsel. He occupied various posts including vice president and assistant general counsel. In 1991, he became general counsel. He also held the posts of vice president, secretary, and general counsel at Walmart. He joined the law firm of Conner and Winters in 2005. He was the secretary and general legal counsel at Walmart until he left in 2016.

Walton’s first marriage to his first wife, Norma Ann Walton, lasted for six years before they were divorced. During the divorce process, he started the Walton Family Foundation to help fund charities and schools for underprivileged children.

Walmart is a well-known company that sells everything under one roof. The company is worth over $500 billion. Walmart employees are paid very well and the company has been on a hiring spree in recent years.

Samuel Robson Walton is one of the richest people in the world.

[Other]: In 2038, Samuel Robson Walton’s net worth is estimated to be $91Billion.

Highlights

From his high school days in East Lansing, Michigan, to his NFL playing days, including the New York Giants, Baltimore Colts, and Los Angeles Rams.

Favorite Quotes from Samuel Robson Walton

My father taught me that change and experimentation are constants and important. I need to keep trying new things until they work.

I don’t want to be just another writer who writes a book like a thousand others. I don’t want it sold by a mass market publisher, who’ll just turn it into a cash register. I want to be read. People should be able to pick a book up anywhere and have a good time. That’s what I’m offering.

3 Lessons from Samuel Robson Walton About Leadership

Now that you know how wealthy Sam Walton built his company and how they achieved success; let’s take a look at some leadership lessons we can learn from them.

1. Take The Criticism In The Right Way

Be honest in criticism, do not attack a colleague personally, but try to change the problem in the criticism.

2. Hard Work

Fight, even if you go through hell. Keep your business in your mind, and believe in it. Do it more than anybody else.

3. Remember Why You Started

Never forget why you started in the first place. And appreciate all associates for the good help they provided you with.

Paychecks and stock options are only one kind of loyalty; there are plenty of others. But we all want to know how much somebody appreciates what we do for them. We especially like it when they recognize something we’ve done well.

Summary

After his dad died in 2001, Samuel Robson Walton inherited a lot of money. Because of that and because his family has a history of charitable work, he decided to give away a lot of his fortune to some charities.

As of July 2022, the Walton family’s net worth is estimated to be $2.5 trillion.