Who owns Walmart? It is not China. History and look at the largest shareholders in the company.

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

What started as a small shop has grown into a huge company that lives by the motto, “Save Money. Live Better.” Today, the retail chain offers products in various departments, such as home and furniture, groceries and electronics.

But since its humble beginnings in the American South, has Walmart’s ownership changed since then?

Walmart was founded by Sam Walton, but who owns Walmart today?

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

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Who owns Walmart?

The Walton family remains the main shareholder of Walmart Inc. The children of Walmart’s founder own about half of Walmart’s shares, according to official company documents.

Doug McMillon is the current CEO and president of Walmart Inc., who took the job in 2014, according to his biography on Walmart’s website.

John Furner is the CEO and president of Walmart US, 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 remains the main shareholder of Walmart Inc., and the rest of the shares are spread throughout the market.

The Walton family remains the main shareholder of Walmart Inc., and the rest of the shares are spread throughout the market.

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Is Walmart Chinese owned?

No, Walmart is not Chinese-owned, and it was not sold to a Chinese investment group.

According to USA TODAY fact-checking, a claim that Walmart was sold to a Chinese firm was proven false. On January 2, 2021, a Facebook post claimed that a Chinese business group had bought out America’s largest retailer. This is false.

As previously mentioned, the Walton family still owns the majority of Walmart shares, and the rest of the shares are “widely distributed throughout the market, with no single entity holding more than about 5% in owned by Vanguard,” according to the fact checker. .

Check facts: No, Walmart was not sold to a Chinese investment group

Who is the largest shareholder of Walmart?

Walmart’s largest shareholder is the Walton family, which owns more than half of Walmart’s shares. The second largest shareholder in Walmart is the Vanguard Group, which holds approximately 5% of Walmart’s total shares.

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

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This article appeared on USA TODAY: Who owns Walmart? Look at the largest shareholders in the company.

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