Connect with us

Business

Who owns Walmart? It’s not China. History and look at the biggest shareholders in the company.

News Agencies

Published

on

Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam’s clubs in 24 countries, according to its corporate website.

What started as a small shop has grown to a massive company that lives by the slogan, “Save Money. Live Better.” 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?

Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam's clubs in 24 countries.

Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam’s clubs in 24 countries.

Reviewed: Walmart and Gap’s new kid’s home décor playful, fun and available now

For Walmart shoppers: The best credit cards to save money on groceries of 2022

Who owns Walmart?

The Walton family is still the major shareholder of Walmart Inc. The children of Walmart founder Sam Walton own about half of all Walmart shares, according to official company documents.

The current CEO and president of Walmart Inc. is Doug McMillon, who assumed the position in 2014, according his biography on Walmart’s website.

John Furner 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.

The Walton family is still the major shareholder of Walmart Inc., with the remainder of shares distributed across the marketplace.

The Walton family is still the major shareholder of Walmart Inc., with the remainder of shares distributed across the marketplace.

Just curious: We’re here to help with life’s everyday questions

Is Walmart owned by China?

No, Walmart is not owned by China, nor has it been sold to a Chinese investment group.

According to USA TODAY fact check, 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 approximately 5% held by Vanguard,” according to the fact check.

Fact check: No, Walmart was not sold to a Chinese investment group

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 the Vanguard Group, who holds around 5% of total Walmart shares.

Walmart became a publicly traded company in 1970, and its first stock was sold at $16.50 per share, according to its corporate website.

More on the Walton family: Denver Broncos to be sold to Walmart heir Rob Walton for record $4.65 billion, per report

This article originally appeared on USA TODAY: Who owns Walmart? A look at the biggest shareholders in company.

Continue Reading
Advertisement

Breaking News

Advertisement

Editor Pick’s

Latest Entertainment

Entertainment7 hours ago

Dua Lipa shares recording studio photos with Rolling Stones frontman Mick Jagger

Dua Lipa shares recording studio photos with Mick Jagger. (Photo: Michael Tullberg/Getty Images) Is there a Dua Lipa and Rolling...

Entertainment7 hours ago

Dwayne Johnson Says He’s Grateful for Thanksgiving with Family: ‘We Count Our Blessings’

LOS ANGELES, CALIFORNIA – NOVEMBER 03: (L-R) Ata Johnson and Dwayne Johnson attend the World Premiere of Netflix’s “Red Notice”...

Entertainment8 hours ago

Queen Elizabeth Knew Her Time Was Running Short, ‘Had No Regrets’ Before Her Death, Book Says

FEBRUARY 02: Queen Elizabeth II is photographed at Sandringham House to commemorate Accession Day, marking the start of Her Majesty’s...

Entertainment8 hours ago

Pregnant Chrissy Teigen and John Legend Celebrate Thanksgiving with Luna & Miles Ahead of Next Baby

chrissy teigen, john legend Chrissy Teigen/Instagram Chrissy Teigen and John Legend have lots to be thankful for this Thanksgiving. The...

Entertainment9 hours ago

Irene Cara, Oscar-winning ‘Flashdance’ singer and Fame star, dies at 63

Irene Cara, the Oscar-winning singer best known for performing the theme songs to the legendary films Flashdance and Fame, has...

Entertainment9 hours ago

Bob Dylan Says He ‘Regrets’ an ‘Error in Judgment’ in Selling Machine-Signed Art and Books: ‘I Want to Rectify It Immediately’

Bob Dylan issued a rare public statement Friday night to admit that he “regrets” having made “an error in judgment”...

Entertainment10 hours ago

Kimberly Stewart Shares Sweet Thanksgiving Photo of Her and Benicio Del Toro’s Daughter: ‘Thankful’

https://www.instagram.com/p/ChQLvZrPVdq/?hl=en. Kimberly Stewart/Instagram Kimberly Stewart/Instagram Kimberly Stewart celebrated Thanksgiving with her mini-me by her side. The actress, 43, spent the...

Entertainment16 hours ago

Madonna Shares Rare Snap With All Six Of Her Children As They Celebrate Thanksgiving Together

Madonna has revealed she had a lot to be grateful for this Thanksgiving after spending the day with all six...

Latest Sports

Sports57 mins ago

College football scores: USC hosts Notre Dame

USC still has College Football Playoff aspirations, but they have to get past No. 15 Notre Dame in order to...

Sports1 hour ago

Nebraska signs Matt Rhule to 8-year deal as football coach

After six straight losing seasons and more than 20 years removed from its 1990s heyday, Nebraska is turning to Matt...

Sports2 hours ago

Jim Harbaugh discusses the origins of the trick play against Ohio State

Neither were the coaching staff, as head coach Jim Harbaugh told reporters after the game that the Wolverines had "emptied...

Sports2 hours ago

Ja Morant tweets about quiet Klay Thompson critics with Warriors’ star shining

Ja Morant doesn't usually side with the Warriors, but on Friday night, that changed.

Sports2 hours ago

Syracuse’s Judah Mintz ejected after slapping Bryant guard in the face, sparking wild altercation

Four players and three assistant coaches were ejected after Syracuse's Judah Mintz and Bryant's Doug Edert got into it early...

Sports3 hours ago

‘Ryan Day is playing checkers.’ Ohio State football loses to Michigan | Fan reactions

Here's how fans are responding to the Buckeyes' latest loss on social media.

Sports3 hours ago

Everything Jim Harbaugh said after Michigan’s win over Ohio State

Get an annual subscription to M&BR for only $22! Use code RIVALS22 On how proud he is of the teamSo...

Sports4 hours ago

World Cup 2022 scores, updates: Argentina vs. Mexico

Can Argentina bounce back after its shocking World Cup 2022 loss to Saudi Arabia?

Technology Hot News

Is Elon Musk Really Going to Buy Twitter? Is Elon Musk Really Going to Buy Twitter?
Technology1 month ago

Is Elon Musk Really Going to Buy Twitter?

Elon Musk, the owner of the electric car company Tesla, CEO of SpaceX, and the richest man in the world,...

WhatsApp services were affected across Pakistan, restored after 2 hours WhatsApp services were affected across Pakistan, restored after 2 hours
Technology1 month ago

WhatsApp services were affected across Pakistan, restored after 2 hours

WhatsApp services were affected in various countries of the world, including Pakistan, and India due to this users were facing...

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies Bitcoin vs Litecoin: A guide to understanding cryptocurrencies
Technology1 month ago

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies

Cryptocurrencies currently occupy an odd place in society. They are no longer the super niche bizarre currency beloved by tech...

Personal data of people is selling on Google Play and Google Ads Personal data of people is selling on Google Play and Google Ads
Editor Picks2 months ago

Personal data of people are sold on Google Play and Google Ads

It’s been two to three years since Google has been unknowingly hosting multiple apps from malicious actors who sell personal...

Protonmail is down a second time in the past 24 hours Protonmail is down a second time in the past 24 hours
Technology5 months ago

Protonmail is down a second time in the past 24 hours

An end-to-end encrypted email service Protonmail is down a second time in the past 24 hours, netizens reported on social...

What's better for the student: a tablet or a laptop What's better for the student: a tablet or a laptop
Technology6 months ago

What’s better for the student: a tablet or a laptop

Some analysts argue that computers have outlived their usefulness. There is some truth in this: PC and laptop sales are...

Tesla founder Elon Musk holds the Twitter deal temporary Tesla founder Elon Musk holds the Twitter deal temporary
Technology7 months ago

Tesla founder Elon Musk holds the Twitter deal temporary

USA: Elon Musk, the founder of companies like Tesla and SpaceX, can actually buy anything in the world. Last month,...

How Zafar Supari is utilizing his ability on Snapchat? How Zafar Supari is utilizing his ability on Snapchat?
Technology7 months ago

How Zafar Supari is utilizing his ability on Snapchat?

Pakistan: Zafar Supari a public figure, businessman, and social media sensation has crossed one hundred thirty-three thousand 133k subscribers on...