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Born March 29, 1918, Kingfisher, Oklahoma, U.S.

Died April 5, 1992, Little Rock, Arkansas

Sam Walton was a private man, valuing family and faith above wealth. He married Helen Robson on Valentine's Day in 1943 and they had four children: S. Robson, John, Jim and Alice.

Sam and Helen were actively involved in their church and community, emphasizing service and family values.

Walton graduated from the University of Missouri with a degree in economics (1940) and entered a J.C. Penney Company management training program in Des Moines, Iowa. He opened his own Ben Franklin variety (five-and-dime) store in Newport, Arkansas, in 1945 and relocated the store to Bentonville, Arkansas, five years later.

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He opened the first Walmart store, Wal-Mart Discount City, in Rogers, Arkansas, in 1962, offering a wide variety of merchandise at discount prices in a no-frills setting.

He situated a regional cluster of stores no farther than one day’s drive from a giant Wal-Mart warehouse that made large-volume purchases and distributed the goods to the stores using its own trucking services. Volume buying and a low cost delivery system enabled Wal-Mart Stores to offer name-brand goods at discount prices in locations where there was little competition from other retail chains.

As a result, the Wal-Mart chain experienced tremendous and sustained growth, with 190 stores by 1977 and 800 stores by 1985.

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Walton kept prices and salaries low but nevertheless inspired company loyalty in employees, who retired with comfortable pensions as a result of his profit-sharing plan.

He stepped down as chief executive officer in 1988 but remained company chairman. By the time of his death in 1992, his company had established 1,735 Wal-Marts, 212 Sam’s Clubs, and 13 Supercenters with a total of 380,000 employees and annual sales of almost $50 billion.

Throughout the years, Walmart continued to grow, and in the early 21st century it was one of the largest corporations in the world. Walton’s heirs were among the wealthiest individuals in the United States.