If you are a resident of the United States, then there is no way you haven’t heard of Walmart. It is actually that popular in the country. You can buy literally anything at a Walmart, from a tiny needle to big pieces of machinery and everything in between. And if that has got you thinking about diving deeper into this company’s history, what is its net worth, who’s steering the ship now, and all that stuff, then simply keep on reading because today we are about to unpack just that. Here we go.
|Walmart Origin Country||United States|
|Walmart CEO||Doug McMillon|
|Walmart Net Worth||$435.41B (as of October 26, 2023)|
|Industry||Retail/Wholesale – Retail – Supermarket Chains|
The Walmart Story
Have you ever sat there and thought, “Hey, how did Walmart even start?” Well, back in 1962, in this little spot called Rogers, Arkansas, there was this guy named Sam Walton. Big dreams in his eyes. His goal? Simple. Just wanted to make life a tad bit easier for his neighbors. Fast forward a bit, and by the end of the 60s, Sam and his team had opened up 24 stores. And the cash register? Well, that was ringing to the tune of $12.7 million. The 70s, oh boy, they were like a roller coaster ride for Walmart. They started letting folks buy their shares. Just think about it, the first share was only $16.50! And the 80s? That was kinda fireworks for them. They smashed past $1 billion in sales!
Then the 90s rolled around and Walmart just looked around and thought, “Let’s go global!” First stop? Mexico City. With the dawn of the 2000s, they thought, “Why not dance on the internet?” And just like that, Walmart.com was born.
Walmart Net Worth And Leadership
Alright, as of October 26, 2023, Walmart is sitting pretty with a jaw-dropping net worth of $435.41 billion. Yep, that’s a billion with a ‘B’! That number isn’t just about dollar signs, it tells a story of how Walmart keeps growing, changing, and, well, just being amazing in the super wild world of stores and shopping. Now, do you know who the current CEO of Walmart is? Well, yup, you are right. It’s none other than Doug McMillon. He’s the main man behind Walmart, steering the ship as the CEO. And honestly, with him in charge, it feels like Walmart’s got some kind of magic touch. They aren’t just holding their ground, they’re exploring new lands, playing with cool tech, and always thinking about us, the customers.
During Doug’s time as CEO, he’s out there showing us that he has an eye on the future. He’s making sure Walmart doesn’t just stick to the old ways but evolves, stays cool, and keeps in touch with what folks like us want. It’s clear he’s got a big dream for Walmart, one that holds onto its roots but isn’t afraid to shoot for the stars.