Uncle Sam's army: Walmart in the American imagination
Walmart began as a small mom and pop store in Arkansas in the 1950s and has evolved into one of the largest retailers in the world today. The chain’s major hallmark: selling goods at prices lower than local mom-and-pop stores. (Sources: WEF Reports, Statista, Business Insider, Bloomberg)
Curated By: Madhu Kapparath
With a 2018 net worth of $46 billion according to Forbes, the founder’s daughter Alice Walton is the wealthiest woman in the world. A Trinity grad, the heiress spends her fortune collecting art and breeding horses. In his 1992 autobiography ‘Made in America’, Sam Walton remarked that Alice was ‘the most like me - a maverick - but even more volatile than I am’. She spearheads the Walton Family Foundation's involvement in developing Crystal Bridges Museum of American Art in Arkansas. ‘One of the great responsibilities that I have is to manage my assets wisely, so that they create value,’ she told New Yorker in a 2011 interview. ‘I know the price of lettuce. You need to understand price and value. You buy the best lettuce you can at the best price you can’
