The multinational retail corporation Walmart Inc. holds the super chain of departmental and grocery superstores all around the world.
Founder of Sam's West, Inc. or Sam Club, Sam Walton has founded the world's largest grossing corporation Walmart in 1962.
It is a family-owned business by Waltons with more than 50% of the shares having a net worth of $200- $247 billion.
Jim Walton is the richest family member and has a net worth of $66.9 billion.
The Vanguard Group, Inc. is the highest shareholder with 4.73% of equity, and Blackrock Inc. has 3.46% of shares.
To get out from the debt, Sam gave an offer of 300,000 shares of Walmart to the public in October 1970.
World’s most grossing company has a revenue of US$572.8 billion holding assets of US$244.86 billion and net income of US$13.67 billion.
With 46 names in different 24 countries, the company is widely spread all around the world. It has approx.10,585 stores worldwide.
In the United States and Canada, the company resides as Walmart, in India as Flipkart, and in Mexico and Central America as Walmart de México y Centroamérica.