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Bud and his brother, Sam, began their career in the retail industry working in the Ben Franklin Stores, a franchised unit of Butler Brothers of Chicago. Wal-Mart Stores Inc. opened its first Sam's Club – named for Sam Walton – on April 7, 1983, in Midwest City, Oklahoma. [2] Tomb of James Bud Walton in Memorial Park Cemetery
The three most prominent living members ( Jim, Rob, and Alice Walton) have consistently been in the top twenty of the Forbes 400 list since 2001, as were John ( d. 2005) and Helen (d. 2007) prior to their deaths. Christy Walton took her husband John's place in the ranking after his death.
Walton was born on May 15, 1951. [ 3] She is the younger daughter of Bud Walton, the brother and business partner of Walmart founder Sam Walton. [ 4] She grew up in Versailles, Missouri, where she met future husband Bill Laurie. [ 5] At Bud's death, she and her sister Ann Walton Kroenke inherited a stake in Walmart now worth over $9 billion. [ 6]
Relatives. James "Bud" Walton (father-in-law) Bill Laurie (born July 5, 1952) is an American former basketball player and coach, and current business executive and philanthropist. He is the former owner of the St. Louis Blues and is the co-chairman of Paige Sports Entertainment.
Sam Walton. Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas and Midwest City, Oklahoma in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the ...
Ann Walton Kroenke (born December 20, 1948) [4] [1] [2] [3] is an American billionaire. Heiress to the Walmart fortune, Ann and her sister, Nancy Walton Laurie, inherited stock from their father, Bud Walton (died 1995), who was the brother and an early business partner of Walmart founder Sam Walton. She is the owner of the Denver Nuggets of the ...
John T. Walton. John Thomas Walton (October 8, 1946 [1] – June 27, 2005) was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholarship Fund, providing tuition scholarships for disadvantaged youth.
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [ 1] The Walmart chain proper was founded in 1962 with a single store in Rogers, expanding inside Oklahoma by 1968 and throughout the ...