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HomeExploreBusinessBusiness Biographies That Reveal How Ownership WorksSam Walton

Sam Walton

by list_wrangler
Person
Sam Walton
Photo credit: George Bush Presidential Library and Museum / Public domain · resizedfile
Born
Passing on a fortune early. Walton put his stake in his stores into a family partnership, Walton Enterprises, in 1953, giving his children shares long before Walmart was valuable, so most of the later growth in value never passed through his estate. When Walmart listed in 1970 the family kept a controlling stake. The partnership is a textbook example of estate planning that keeps a business in family hands.
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