Sam Walton

Sam Walton was born as an active child, he had a state of mind to sell items cheaper that was known as the discount empire. As a young boy Sam joined the scouts, he jumping into the river to save a kid and that promoted him to an eagle scout. After he finished school he worked full time for 75$ a month at JC penny store and after that he landed a job at the gun powder factory. He later on married Helen on Valentines day. In 1945 he bought a Ben Franklyn store and it was a great success. Sam had no problem under selling other stores. The owner of the Ben Franklyn Store gave it to his son so it left Sam storeless. But he took this as another opportunity and bought another store for 5 thousand of his own money and loaned 20 thousand that he later on paid off in 3 years. Sam made up customer reach which made it cheaper for himself to hire less employees. In his mind was that if the price was lower he would make more money. In 1962 was the grand opening of Wal-Mart, over the first year there was over a million dollars of sales. In 1970 he opened 32 stores. Sam got leukemia but was a Guinea pig for a new drug and was cured, he was diagnosed for bone cancer and went through radiation therapy. On black Monday he lost 1.5 billion dollars which Sam didn't take hard because he was still the richest man in his state. Sam Walton died 1992 by the age of 74.