The American Multinational Company has control over the chain of hypermarkets. It also operates department stores that offer discounts. The United States has a large number of grocery stores that work under Walmart. Walmart has headquarters in Bentonville, Arkansas. With more than 10.000 stores and clubs in around 24 countries, Walmart operates under 46 different names. Originally, we call it Walmart which is Walmart de México y Centroamérica in Central America and Mexico, and in India, it is known as Flipkart Wholesale. It got different names in various other countries. Walmart stands as the world’s largest company to attract large revenue. Walmart works as a whole in Canada, Africa, and as well as Chile. Walmart operates in so many countries and controls so many chains of hypermarkets along with departmental stores but the question arises “who owns this huge company in turn?”. Well, it is a family-owned business which is owned by Walton Family. It is the richest family in the United States of America that owns this huge trade. Know more about Who Owns Walmart?
Walton Family
Sam Walton established this publicly traded company in 1962. Walmart was a great source of wealth and prosperity for the Walton Family. Sam Walton was an American Businessman who also found Sam’s Club. Both his companies are good corporations today based on revenue. He was considered the richest man in the United States. There are seven heirs from Sam Walton, who hold almost half of the Walmart Stock. The family always intended to grow this family business with full fledge. The family actively positions itself to maintain and grow the family business. Walton Family holds almost more than half of the shares of the company. Today the heirs of the company are trying their best to make it the ideal retail company which was founded 60 years back by Sam Walton, who was probably their great grandfather.
Who else owns the company?
So, we know that almost half of the shares of the company are held by the Walton Family who was the initial founder of the company but what about the other shares? Well, Walton Family found it wise enough to lease the hold of the other 50% shares of the company to the other companies or retail corporations. The companies are like:
- The Vanguard Group, Inc.
- BlackRock Fund Advisors
- SSgA Funds Management, Inc.
These are the top 3 shareholders of the company that operates the retail company differently but smoothly, diligently, and successfully.
Does Vanguard Group, Inc. hold shares of Walmart?
Well, it may be hard to digest, but it is true. The Vanguard Group, Inc. holds around 5% or 4.39% of the stakes of the retail company Walmart by the Walton Family. The shares it holds lead to around 120,251,989. It is an investment management company that has got $7 trillion of assets under management. The investment company is headquartered in Valley Forge Pennsylvania, United States. It was founded on 1st May 1975 by John C. Bogle. It is a privately run company with Mortimer J. Buckley as its chairman and CEO. The company deals with Mutual funds, Exchange-traded funds, Broker Asset Management and Sub-advisory services. It has total revenue of approximately $6.936 billion and an AUM of approx $8.1 trillion.
Do BlackRock Fund Advisors hold shares of Walmart?
Believing BlackRock Fund Advisors to be a shareholder of Walmart may sound something weird but it is true. BlackRock Fund Advisors holds around 2.27% of the stakes of the retail company. The shares it holds lead to around 62,078,410. It is an investment institute that provides risk management and advisory management solutions. It also provides investment to its customers. The investment company is headquartered in New York City, United States. It was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide asset management services.
Does SSgA Funds Management, Inc. hold shares of Walmart?
SSgA Funds Management, Inc. is said to be a good shareholder of Walmart. It holds around 2.21% of the stakes of the retail company. The shares it holds lead to around 60,509,305. It is an investment firm that provides services like- portfolio management, financial planning, and investment advisory services. It was founded in 1978. It has an AUM of approx $4.14 trillion. Today, its CEO is Cyrus Taraporevala. The company is 44 years old now. It operates Walmart very well and has good customer reviews.
Conclusion
Walmart is a good retail company and has got good customer reviews. There are many stakeholders and shareholders for Walmart. Originally it was founded by the Walton Family. It creates a lot of good performance for the company. The other companies hold the stakes and shares and operate them conveniently.
Frequently Asked Questions
Q. Does China hold shares of Walmart?
China does not hold shares of Walmart. It just has operational stores of Walmart with different names.
Q. Does Walmart deliver the products?
Yes! Walmart offers home delivery options and delivers the products at the doorstep.
Q. How many shares does Walton Family have?
Walton Family has around 50% shares of the retail company.
