Since opening in 1962 in Rogers, Arkansas, , according to its corporate website.
What started as a small shop has grown to a massive company that lives by the slogan, Today, the retail chain offers products in various departments, such as home and furniture, grocery and electronics.
But from its humble beginnings in the American South, has the ownership of Walmart since changed?
Sam Walton was the founder of Walmart, but who owns Walmart today?
For Walmart shoppers:
Who owns Walmart?
The Walton family is still the major shareholder of Walmart Inc. , according to official company documents.
The current CEO and president of Walmart Inc. is , who assumed the position in 2014, according his biography on Walmart’s website.
is the CEO and president of Walmart U.S., where he oversees the nation’s 4,700 stores, as well as its website, app and supply chain, according to his biography on Walmart’s website.
Is Walmart owned by China?
No, Walmart is not owned by China, nor has it been sold to a Chinese investment group.
According to, a claim that Walmart had been sold to a Chinese firm was proven false. On Jan. 2 2021, a Facebook post claimed a Chinese business group bought out America’s largest retailer. This is untrue.
As previously mentioned, the Walton family still holds the majority of shares of Walmart, and the remainder of shares are “widely distributed across the marketplace, with no single entity holding more than the ,” according to the fact check.
Who is the largest shareholder of Walmart?
The largest shareholder of Walmart is the Walton family, who owns more than half of all Walmart shares. The second largest shareholder in Walmart is.
, and its first stock was sold at $16.50 per share, according to its corporate website.
More on the Walton family: