Samuel Robson Walton Net Worth and Biography - Everything You Need to Know
Samuel Robson Walton, commonly known as Rob Walton, is an American businessman and the second eldest son of Walmart founder Sam Walton. He was born on October 28, 1944, in Tulsa, Oklahoma, and grew up in Bentonville, Arkansas. Walton graduated from the University of Arkansas with a bachelor's degree in business administration in 1966 and then joined the U.S. Army Reserves.
After serving in the U.S. military, Walton went to work for Walmart, which was founded by his father in 1962. He held many positions within the company, including vice chairman of the board, but eventually retired in 2015. During his tenure at Walmart, Rob Walton played a decisive role in steering the company towards its current success as the largest retailer in the world, with over 10,000 stores in 27 countries and a revenue of 529.8 billion dollars as of 2020.
Today, Samuel Robson Walton's net worth is estimated to be around 75.6 billion dollars, making him one of the richest people in the world. His fortune is mainly derived from his shares in Walmart, which he inherited from his father. Besides his business endeavors, Walton is also known for his philanthropic activities, including supporting educational and environmental causes.
Table of Samuel Robson Walton's Personal Information
| Field | Data |
|---|---|
| Name: | Samuel Robson Walton |
| Net Worth: | According to Forbes, Samuel Robson Walton has a net worth of $68.2 billion as of 2021. |
| Age: | Samuel Robson Walton was born on October 28, 1944, which makes him 76 years old as of 2021. |
| Born: | Samuel Robson Walton was born in Tulsa, Oklahoma, USA. |
| Gender: | Samuel Robson Walton is male. |
| Height: | Information about Samuel Robson Walton's height is not publicly available. |
| Country of Origin: | Samuel Robson Walton is from the United States of America. |
| Source of Wealth: | Samuel Robson Walton's wealth comes from his inheritance of the Walmart retail fortune. He inherited his wealth from his father, Sam Walton, who co-founded Walmart. |
Key Facts
Background: Samuel Robson Walton is an American businessman and heir to the Walmart fortune.
Net Worth: As of 2021, Samuel Robson Walton's net worth is estimated to be over $64 billion, making him one of the richest people in the world.
Education: Walton received a Bachelor of Arts in Economics from the University of Arkansas in Fayetteville.
Professional Career: Walton served on the board of directors of Walmart Inc. for over 20 years and was also the chairman of the company. He stepped down from these positions in 2015 but still retains a significant stake in the company.
Philanthropy: Walton and his family have a long history of philanthropy, giving large sums of money to various causes, including education and environmental conservation.
Personal Life: Walton is married and has four children. He is known for keeping a low profile and avoiding the media spotlight.
Early Life of Samuel Robson Walton
Samuel Robson Walton was born on October 28, 1944, in Tulsa, Oklahoma, United States. He is the eldest son of Helen Walton and Sam Walton, the founder of Walmart. Samuel grew up with three siblings, and his family had modest means.
During his childhood, Samuel helped his family in their retail business, which would later become Walmart. He worked at his father's store during summers and weekends, and his father taught him the importance of hard work and determination.
Samuel attended college at the University of Arkansas, where he studied business administration. He was a member of the Delta Tau Delta fraternity and played football for the university's team.
After graduating, Samuel served in the Vietnam War as a communications officer for the U.S. Army. Upon his return, he continued to work in his family's business, starting as a management trainee.
Through his hard work and dedication, Samuel rose through the ranks to become the CEO of Walmart in 1988, a position he held until 2000. He continues to serve as a member of the board of directors.
Career
Samuel Robson Walton had a successful career in retail, following in his family’s footsteps. He began his career at Walmart in 1969, working as a summer associate in a Walmart store. After graduating from college, he worked his way up through the company, eventually becoming the chairman of the board of directors.
During his time at Walmart, Samuel played a key role in the company’s international expansion, particularly in China. He was instrumental in the opening of the first Walmart stores in Beijing and Shanghai.
Aside from his work at Walmart, Samuel has also been involved in a number of other business ventures. He served on the board of directors of the Arvest Bank Group, a bank with branches in Arkansas, Oklahoma, Missouri, and Kansas. He also served on the board of directors of the First Tee, a charity that seeks to promote character development in young people through golf.
In addition to his business career, Samuel has also been involved in a number of philanthropic initiatives. He has supported various educational and environmental causes, through the Walton Family Foundation, a philanthropic organization that he co-founded with his family.
How Samuel Robson Walton Spends His Money
As one of the wealthiest people in the world, Samuel Robson Walton certainly has a lot of money to spend. Walton is known to be a philanthropist, with a large portion of his money going towards charitable causes. He is a supporter of education and has donated millions of dollars to schools, colleges, and universities.
Walton is also a fan of art and has a private art collection that is said to be worth millions of dollars. He has also supported the arts by donating to museums and arts institutions. Walton is known to enjoy the finer things in life, including luxury cars and vacations in exotic locations.
Despite his wealth, Walton is also known for his frugality, having lived much of his life in a modest home and driving an old pickup truck. He is said to be a big fan of hunting and fishing, and can often be found in the great outdoors enjoying nature.
- Philanthropy: donating to educational institutions and charitable causes
- Art collection: owning a private collection of art and donating to museums and arts institutions
- Luxury: enjoying the finer things in life, including luxury cars and exotic vacations
- Frugality: living a modest lifestyle and enjoying outdoor activities such as hunting and fishing
Highlights
Samuel Robson Walton's Success
Samuel Robson Walton is widely known for his tremendous success in the retail industry. He is the eldest son of the founder of Walmart, Mr. Sam Walton, and played a crucial role in expanding the company to what it is today.
- He served as the chairman of Walmart from 1992 to 2015, the same year he stepped down, but is still an active board member.
- His contribution to the company's success has earned him a net worth of $65.8 billion, making him one of the wealthiest people in the world.
Aside from his success in the retail industry, Samuel Robson Walton is also known for his philanthropic activities. He is an avid supporter of education, and has donated millions of dollars towards charitable causes, such as the Walton Family Foundation, which focuses on enhancing the quality of life for communities in the United States.
He is also a board member of the Environmental Defense Fund, where he plays an active role in advocating for sustainability and eco-friendly practices in the business world. His efforts have not gone unnoticed, as he has received several awards for his philanthropic work, including the James C. Hill Award for Excellence in Philanthropy in 2016.
In conclusion, Samuel Robson Walton's success in the retail industry and his dedication to philanthropy have made him a prominent figure in the business world. He serves as an inspiration not just to aspiring entrepreneurs, but also to those who wish to make a positive impact in their communities.
Favorite Quotes from Samuel Robson Walton
1. "Commit to your business. Believe in it more than anybody else."
This quote highlights how important it is to have faith in your business and to put in the necessary effort to make it successful. It's crucial to have a strong commitment to your business idea and to believe in it more than anyone else, as this ultimately drives success.
2. "High expectations are the key to everything."
This quote speaks to the importance of setting high expectations for yourself and your business. Having high expectations means constantly striving to improve and grow, which is key to achieving success and reaching your goals.
3. "There is only one boss. The customer. And they can fire everybody in the company."
This quote emphasizes the importance of customer satisfaction and how it should be at the forefront of everything a business does. It's important to prioritize the needs and wants of customers, as they have the power to make or break the success of a company.
4. "We're all working together; that's the secret."
">
This quote underscores how collaboration and teamwork are essential components of success. No one person can do it all alone, and it takes a collective effort to make things happen. Businesses that prioritize teamwork and collaboration are often the most successful.
5. "Celebrate your successes. Find some humor in your failures."
This quote highlights the importance of celebrating successes and finding humor in failures. It's important to acknowledge and celebrate the victories, no matter how small, as they help to boost morale and bring positivity to the workplace. And finding humor in failures can help to turn a negative experience into a learning opportunity.
| Quote | Key Takeaway |
|---|---|
| "Commit to your business. Believe in it more than anybody else." | Believing in your business is key to its success. |
| "High expectations are the key to everything." | Setting high expectations can drive growth and success. |
| "There is only one boss. The customer. And they can fire everybody in the company." | Prioritizing customer satisfaction is essential for success. |
| "We're all working together; that's the secret." | Collaboration and teamwork are essential components of success. |
| "Celebrate your successes. Find some humor in your failures." | Celebrating successes and finding humor in failures can boost morale and bring positivity to the workplace. |
Famous Success Lessons from Samuel Robson Walton
1. Work Hard and Stay Focused
Samuel Robson Walton strongly believed in hard work and perseverance. He believed that success comes to those who stay focused on their goals and continuously work towards them. He even worked at his own company, Walmart, as a chairperson, while he could have easily retired and lived a luxurious life.
2. Value Your Employees
Samuel Robson Walton valued his employees as he believed they were the driving force behind the success of his company. He encouraged his employees to work hard and rewarded them for their hard work through various incentives such as promotions or stock options.
3. Continuously Innovate
Samuel Robson Walton was a keen innovator. He believed that businesses which do not innovate will stagnate. He was instrumental in introducing various innovative business practices such as using technology to manage inventory and logistics, which helped him make Walmart the largest retailer in the world.
4. Focus on Customers
Samuel Robson Walton believed that the customer is king. He focused on providing the best possible shopping experience to his customers. He continuously innovated and improved his products, services, and stores, based on customer feedback.
To sum up, Samuel Robson Walton was a visionary leader who believed in hard work, innovation, employee motivation and customer satisfaction. His success lessons are an inspiration to millions around the world.
Some Fascinating Facts About Samuel Robson Walton
Samuel Robson Walton, born on October 28, 1944, is an American businessman and heir to the Walmart fortune. He is the eldest son of Walmart founder Sam Walton and has a net worth of about $63 billion, according to Forbes. Here are some surprising facts about him:
- He served in the military: Walton served in the United States Army Security Agency from 1966 to 1970 during the Vietnam War.
- He is a college dropout: Despite coming from a wealthy family, Walton dropped out of the University of Missouri in 1965 to work at Walmart.
- He owns a stake in the NBA team: Walton is a minority owner of the Memphis Grizzlies, an NBA team based in Memphis, Tennessee.
- He is an avid fly fisherman: Walton is an enthusiastic fly fisherman and has fished in various locations around the world.
- He supports education: Walton and his wife have donated over $2 billion to educational causes, including the Walton Family Foundation and the Crystal Bridges Museum of American Art.
Summary
Samuel Robson Walton is an American billionaire businessman and the eldest son of the Walmart founder, Sam Walton. With his family's ownership of Walmart, he has accumulated a net worth of around $77.9 billion.
He has served on the Walmart Board of Directors for over 25 years and was also the Chairman of the Board from 1992 to 2015. His role in the company has helped to grow and expand Walmart into one of the largest retailers in the world.
Outside of his work with Walmart, Walton has also been involved in philanthropic activities through the Walton Family Foundation, which focuses on supporting initiatives related to education, environmental conservation, and improving the quality of life.
Despite his wealth and success, Walton has remained relatively low-key and stays out of the public eye. He is known for his modest lifestyle and is often seen driving a pick-up truck and shopping at Walmart stores himself.
Video:
The Poor Farmer Who Created Walmart
The Poor Farmer Who Created Walmart by Big Company 11 months ago 15 minutes 1,067,982 views
FAQ:
What is Samuel Robson Walton's net worth?
As of August 2021, Samuel Robson Walton's net worth is estimated to be $83.5 billion according to Forbes.
How did Samuel Robson Walton accumulate his wealth?
Samuel Robson Walton is the eldest son of Walmart founder Sam Walton. He inherited a portion of his father’s fortune and later served as a board member on Walmart Inc. He also owns a private investment company called RZC Investments, which invests in technology startups, consumer brands and real estate.
What is Samuel Robson Walton's educational background?
Samuel Robson Walton graduated from Columbia University with a Bachelor of Arts/Science in 1966. He later received a JD from the University of Arkansas in 1969 and an LLM in taxation from New York University in 1970.
What philanthropic activities is Samuel Robson Walton involved in?
Samuel Robson Walton is the chairman of the Walton Family Charitable Support Foundation, which has donated billions of dollars to various causes, including education, the environment and the arts. He is also a member of the board of directors of the Walton Family Foundation, which focuses on improving K-12 education, protecting rivers and oceans, and investing in the Northwest Arkansas region.
