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Samuel Moore Walton (March 29, 1918 – April 6, 1992), born in Kingfisher, Oklahoma was the founder of two American retailers Wal-Mart and Sam's Club. He was the patriarch of the Walton family, one of the richest families in the world. In 1985, Sam Walton began a program designed to stem the 'tide of communism' in Central America by promoting capitalism and privatization. In 1998, Walton was included in Time Magazine's list of 100 most influential people of the 20th Century. Walton was honored for all his pioneering efforts in retail in March 1992, when he received the Presidential Medal of Freedom from President George H. W. Bush. Forbes ranked Sam Walton as the richest man in the United States from 1985 to 1988, ceding the top spot to John Kluge in 1989 when the editors began to credit Walton's fortune jointly to him and his four children. (Bill Gates first headed the list in 1992, the year Walton died). Wal-Mart Stores Incorporated also runs Sam's Club warehouse stores. Walton supported various charitable causes, including those of his church, the Presbyterian Church (USA). Critics often question the motives behind such charitable endeavors, due to the association of WalMart with unfair wages and working conditions. From Wikipedia, the free encyclopedia.
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