American Entrepreneurs

Season 1 Episode 9

Sam Walton: Bargain Billionaire

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Episode Summary

Sam Walton: Bargain Billionaire
In thirty short years, Sam Walton went from dime store merchant to the richest man in America. At one time he was richer than Bill Gates, richer than Warren Buffet. Now the Walton family fortune is second only to Bill Gates' at $27.6 billion. When he died in 1992, the founder of the discount giant Wal-Mart had socked away $23 billion - by selling toothpaste and lawnmowers at prices lower than anyone else's. And he did it while Kmart and Sears weren't paying attention to him. By the time the retail giants realized Sam Walton was a problem, there was nothing they could do to stop him. Part Billy Graham, and part P.T. Barnum, Sam Walton was a very persuasive individual. He was single-minded in his determination to make Wal-Mart into the biggest retailer in the world. And he succeeded handsomely. A Depression baby who grew up in the Oklahoma Dust Bowl, Sam Walton knew how to help them stretch one. The story of Sam Walton is the classic tale of entrepreneurship in America.moreless

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