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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 51 TL;DR In 1966, Sam Walton's small team was generating $10 million yearly from a few stores. But they lacked the expertise for larger operations. To address this, Walton hired Ferold Arend as VP of operations. Walmart needed better inventory and logistics systems. Walton learned about computer technology at an IBM school. This led to the adoption of IBM’s System/360 for daily sales reporting. In 1968, Sam Walton appointed Ron Mayer as VP of Finance and Distribution. Under his guidance, Walmart implemented computerized warehouses. Which made a significant enhancement to distribution and communications. Walmart went public in 1970. The IPO, though modest, paved the way for substantial growth. As of 2025, Walmart Inc. (WMT) has a market capitalization of approximately $843.91 billion. The Walton family’s estimated net worth is $432 billion as of December 2024. Today, they’re the richest family in the world. Sam Walton passed away in 1992.
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