S. Robson Walton is better known as Rob Walton. He is an American businessman and the eldest son of Walmart founder Sam Walton.
Rob Walton Biography
Samuel Robson Walton or Rob Walton (born in Tulsa, United States on October 28, 1944) is known for being one of the most important American business men and supervisor of the board of directors of the Walmart company.
As the oldest son of Helen and Sam Walton, the co-founder of Walmart , Rob fondly remembers moving boxes and sweeping floors in his father’s stores.
Rob Walton played football in high school (he went all-state his senior year) and spent two years at the College of Wooster in Ohio before transferring to the University of Arkansas, where he majored in accounting.
He graduated in 1966 and then moved to New York City to attend Columbia Law School.
Rob Walton Career
Their to the Walmart retail fortune, he served as president of the corporation for more than 20 years until 2015 . He handed over the position to his son-in-law Greg Penner following his retirement and currently serves as a member of the Walmart Board of Directors. s.
Rob Walton is the Supervisor of the Board of Directors of the company Walmart , the largest supermarket chain in the world.
Sam Walton,his father, opened in Arkansas in 1962 the first Walmart shop. By the time of his death 30 years later, Sam had built Walmart into the world’s largest retailer, with nearly 2,000 stores and $44 billion in annual sales.
Rob Walton joined the Walmart company in 1969 , became Walmart’s senior vice president in 1978, and was named vice president in 1982. Two days after his father’s death in 1992, he became president , a position he held for 23 years.
Before becoming president, he held a wide variety of positions at Walmart , including senior vice president, corporate secretary, general counsel and vice president. Prior to joining Walmart, Rob was a partner at the law firm of Conner & Winters in Tulsa, Oklahoma.
Rob Walton throughout his professional career left us many famous phrases from different fields but all with a very clear connotation that helps us to see what his way of thinking is, we leave you a list of the 5 best phrases of businessman Rob Walton :
- I learned from my father that change and experimentation are constant and important . You have to keep trying new things.
- I have seen articles suggesting that Wal-Mart buys at lower prices than our competitors and that this gives Wal-Mart an unfair advantage. I don’t think so… What we’re hearing is concern that, in some circumstances, Wal-Mart may be paying more than our competitors.
- I worked in dad’s stores, moving boxes, I remember quite well a warehouse that was upstairs, sweeping floors, laying tiles.
- The violence in society, I fear, is perpetrated by the people at the top.
- If you’d rather go to the football game than read a comic, fine, I’d rather do both.
Rob Walton And Walmart Story
Walmart or Wal-mart is a multinational company with different stores throughout the world and of American origin. This corporation operates with department store chains and aims to offer the user a variety of products and services of all kinds: from food, cleaning, pet-related products, clothing and fashion, household items, electronics, etc.
It was founded on July 2, 1962 thanks to Sam Walton and his wife.
The Bentonville, Ark.-based company traces its roots back to 1962, when it was founded by Sam Walton, with the first location in nearby Rogers, Ark.
Walmart as a store immediately stood out to consumers , especially in the following areas of building its brand:
- Advertising campaigns focused on the customer and their tastes (particularly email ads).
- A focus on price controls (mainly through the buying and selling of low-cost imported products).
- Building warehouses that were close to their stores , and therefore easier and cheaper to manage orders and products.
- The company began adding new stores outside of Arkansas and largely throughout the southern United States in subsequent years.
Within 20 years, the company had launched Walmart’s first superstores (called Sam’s Club) and its first phase-in of Walmart Supercenters in 1983 and 1988 respectively.
By 1990, Walmart had become the largest retailer in the US and began to expand internationally, opening a new store in Mexico and later opening more stores in the UK, Germany, China and Canada.
Walmart doubled its sales in 1995, three years after founder Sam Walton’s death. The company’s management had taken a risk in doing so, choosing to borrow the necessary funds to open more and more hypermarkets. The debt piled up, but management’s gamble paid off, as Walmart got the cash it needed to pay off its financial loans.
By 1999, Walmart had grown so large that it was not only the largest private company in terms of the number of employees hired not only in the US, but worldwide, two years later, Walmart also overtook Exxon-Mobile as the richest company in the world .
It’s a moniker the company couldn’t hold on to, as it now stands as the 29th company in the world, but remains in stiff competition from digital giants like Amazon .
Some of the values to highlight of this American businessman are:
- Importance of knowledge and constant learning
- Overcoming, sacrifice and dedication
- To be responsible
- Learn to control emotions
- Be transparent
Rob Walton has my best wishes for the days ahead. His successful career is remarkable and appreciated by all of us, despite his few appearances on camera and in interviews.
Rob’s commitment to his work has reaped rewards in terms of money, fame and, most importantly, respect. He is truly an inspiration to many people!
Rob Walton Net Worth
Rob Walton is the son of the founder of Wal-Mart supermarkets, a leading company in this sector.
His success has given him the opportunity to be one of the richest people in the United States, but also to enter the list of people with the most money in the world. That is why we can say that currently in 2022, Rob Walton’s net worth is about 67,000 million USD.
He has so much money because he inherited part of the company from his father, owner and founder of the Walmart corporation . Being the eldest son of the three that they are, he inherits most of the shares of his father’s company, granting him great benefits for managing it.
In addition to his current role as supervisor of the board of directors , Walton has also served as a member of the company’s law firm, then senior vice president and then vice president.
He has made some big purchases, including a house in Paradise Valley, Arizona; land on the Big Island of Hawaii; and land near Aspen, Colorado, which he recently sold for $30.8 billion.
Walton reportedly owns a Ferrari 250 GTO, which is worth between $35 million and $52 million .
He also owns a 1965 Shelby Cobra , which is normally valued at around $820,000.
He also owns a Ferrari 250 LM which has a market value of $14.6 million , while his Ferrari 250 GT SWB has a market value of around $4.1 million .
It is also known that Rob bought a Ferrari 250 Testa Rossa in the past for $12.1 million . Today, this model is worth around $40 million on the private collector’s market. Other notable cars in his collection include a 1960 Maserati T60 and a 1958 Scarab MKI .
When Rob bought his Ferrari 250 Testa Rossa for $12.1 million at auction, he set a new world record for the highest price for a single car sold at auction .
Rob’s attorneys attempted to obtain duty-free status for the vehicle, arguing that it was a collector’s item, however US Customs declared that Rob’s priceless Testa Rossa would be declared as a motor vehicle.” normal” and that he would have to pay an import fee of $303,000 .
In June 2022, he made his biggest purchase to date: the Denver Broncos, an NFL team that has been mired in a messy ownership battle for several years.
The new ownership group, which includes Walton, his daughter Carrie Walton Penner, his son-in-law and Walmart chairman Greg Penner, and Ariel Investments co-CEO Mellody Hobson, paid $4.65 billion for the franchise, more than double the price of any other. NFL team.
“Having lived and worked in Colorado, we have always admired the Broncos,” Walton said in a statement. “Carrie, Greg and I are inspired by the opportunity to lead this great organization in a vibrant community full of opportunities and passionate fans.”
Rob Walton Private Life
He has been married three times and he has three children.
His daughter, Carrie Walton Penner, is a board member of the Walton Family Foundation, where she focuses on early childhood education;her husband, Greg Penner, currently serves as president of Walmart.