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This question is about Walmart.
Who owns Walmart?
The Walton Family owns Walmart. Walmart is a publicly traded business. However, the Walton family owns over 50% of Walmart through their holding company Walton Enterprises, and the family member's individual holdings.
Sam Walton, the founder of the company, opened the first Walmart store in 1962 in Rogers, Arkansas. The company was incorporated in 1969 as Wal-Mart, Inc., and then in 1970, changed its name to Wal-Mart Stores, Inc.
Over the years, the company has experienced massive expansion, including internationally, with Walmart stores and other branches in all 50 states and around the globe. In 2022, Walmart had annual revenue of $572.8 billion with a global workforce of 2.3 million employees.
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