DEAD: ON THIS DATE
Sam Walton (aged 74)
Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American businessman and entrepreneur best known for founding the retailers Walmart and Sam’s Club. Wal-Mart Stores Inc. grew to be the world’s largest corporation by revenue as well as the biggest private employer in the world. At one point in his life, he was the richest man in America.
DEATH: Walton died on Sunday, April 5, 1992, of multiple myeloma, a type of bone cancer, in Little Rock, Arkansas. The news of his death was relayed by satellite to all 1,960 Walmart stores. At the time, his company employed 380,000 people. Annual sales of nearly $50 billion flowed from 1,735 Walmarts, 212 Sam’s Clubs, and 13 Supercenters.
His remains are interred at the Bentonville Cemetery. He left his ownership in Walmart to his wife and their children: Rob Walton succeeded his father as the Chairman of Walmart, and John Walton was a director until his death in a 2005 plane crash. The others are not directly involved in the company (except through their voting power as shareholders), however his son Jim Walton is chairman of Arvest Bank. The Walton family held five spots in the top ten richest people in the United States until 2005. Two daughters of Sam’s brother Bud Walton—Ann Kroenkeand Nancy Laurie—hold smaller shares in the company.