Walmart’s net worth is $413 billion as of 2024. Walmart Inc. is a large company in the US, known as the largest retail group operating a giant hypermarket chain worldwide. Walmart is an American multinational company that has achieved great success since its founding. Its headquarters are located in Bentonville, Arkansas, where an entire chain of hypermarkets, department stores, grocery stores and other stores are operated. Walmart first came into existence in 1962, when Sam Walton founded the company in Arkansas.
To date, Walmart has become a big name, operating in more than 24 countries, under 46 different names. Walmart has more than 10,500 successfully operating stores. The company operates under many names as it has taken over many other retail and e-commerce companies in other countries. Like in India, Walmart operates under the name Flipkart Wholesale.
It has been named the largest company in terms of revenue. Although Walmart has not been that successful in terms of investment. It was successful in some places, but in Japan, South Korea and Germany, the project failed. Also check Facebook Net Worth, Apple Net Worth.
Walmart net worth
Walmart is a large company with a huge net worth. In terms of revenue, Walmart is the most successful company in the world, with annual revenue of $576 billion. Although it is not the net worth of the company. Its net worth is about $413 billion, which is a huge number. The company has total assets of 247.65 billion USD and annual net income of 8.96 billion USD. The company operates worldwide, providing groceries and other daily use products at relatively lower prices. check Amazon net worth.
| Name | Walmart |
| Owner: | Walton family |
| Net worth 2024 | 413 billion USD |
| Net worth in Indian Rupees | 34 lakh crore |
| Net income: | 11.299 billion USD |
| Revenue | 622 billion USD |
| Total assets | 243.197 billion USD |
| PE ratio | 25,28 |
| Founder: | Sam Walton |
| CEO | Doug McMillon (February 1, 2014–) |
| Head office: | Bentonville, Arkansas, USA |
| Establish: | July 2, 1962, Rogers, Arkansas, USA |
| Number of employees | 2,300,000 (January 2022) |
| Subsidiaries: | Sam’s Club, Walmart Canada, Bodega Aurreá, MORE |
| Website | walmart.com |
Walmart Revenue 2023
- Walmart’s revenue for the quarter ending April 30, 2023 was $152.301 billion.
- Walmart’s revenue for the 12 months ending April 30, 2023 was $622.021 billion.
- Walmart’s annual revenue for 2023 is $611.289 billion.
- Walmart’s annual revenue for 2022 is $572.754 billion.
- Walmart’s annual revenue for 2021 is $559.151 billion.
- Walmart’s annual revenue for 2020 is $523.964 billion.
| Year | (Million USD) |
|---|---|
| 2023 | $622,021 |
| 2022 | $572,754 |
| 2021 | $559,151 |
| 2020 | $523,964 |
| 2019 | $514,405 |
| 2018 | $500,343 |
| 2017 | $485,873 |
| 2016 | $482,130 |
| 2015 | $485,651 |
| 2014 | $476,294 |
Walmart net income
- Walmart’s net income for the quarter ending April 30, 2023 was $1.673 billion.
- Walmart’s net income for the 12 months ending April 30, 2023 was $11.299 billion.
- Walmart’s annual net income for 2023 is $11.68 billion.
- Walmart’s annual net income for 2022 is $13.673 billion.
- Walmart’s annual net income for 2021 is $13.51 billion.
- Walmart’s annual net income for 2020 was $14.881 billion.
| Year | (Million USD) |
|---|---|
| 2023 | $11,680 |
| 2022 | $13,673 |
| 2021 | $13,510 |
| 2020 | $14,881 |
| 2019 | $6,670 |
| 2018 | $9,862 |
| 2017 | $13,643 |
| 2016 | $14,694 |
| 2015 | $16,363 |
| 2014 | $16,022 |
| 2013 | $16,999 |
Evolution
Walmart first came into existence in 1962. However, its story begins in 1945 when Sam Walton bought a branch of Ben Franklin stores from Butler Brothers. His intention is to sell the product at a lower price to achieve higher sales. Although he initially had difficulty making a profit. However, he was soon able to find a supplier with lower costs, increasing sales by 45% in the first year of ownership. In the first year, the company achieved revenue of $105,000, and within five years, the company’s revenue increased to $250,000.
The first official Walmart store opened in Rogers, Arkansas in 1962. The logo name was inspired by FedMart, a chain of discount department stores. In 1969, the company expanded its operations from Arkansas to Missouri, Oklahoma, etc. In 1969, the company was incorporated under the name Wal-Mart, Inc., which later changed to Wal-Mart Stores Inc., in 1970. The company was listed on the New York Stock Exchange in 1972. By 1988, Walmart became the most profitable retailer in America. Also check out Microsoft Net Worth.
From 1990 to 2005, the company achieved the status of a Multinational Company. It has opened stores in many other places, in addition to North and South America. It later acquired many other companies and began operating under its name at the company’s previous location.
Total assets of Walmart
- Walmart’s total assets for the quarter ending April 30, 2023 were $245.053 billion.
- Walmart’s total assets in 2023 are $243.197 billion.
- Walmart’s total assets in 2022 are $244.86 billion.
- Walmart’s total assets in 2021 are $252.496 billion.
- Walmart’s total assets in 2020 are 236.495 billion USD.
| Year | (Million USD) |
|---|---|
| 2023 | $243,197 |
| 2022 | $244,860 |
| 2021 | $252,496 |
| 2020 | $236,495 |
| 2019 | $219,295 |
| 2018 | $204,522 |
| 2017 | $198,825 |
| 2016 | $199,581 |
| 2015 | $203,490 |
| 2014 | $204,751 |
Achievements
Walmart has a lot of achievements under its name. It is the company with the highest revenue and therefore, Walmart Inc. is the company with the largest revenue in the world. Its current annual revenue is about $576 billion. The company is also known for the number of employees it produces, with its headcount growing to 2.2 million. The company has also done philanthropy and the whole point of the company is to operate efficiently at a lower price than others. Working in over 24 countries and operating over 10,500 stores is quite an achievement.
Walmart’s total debt
- Walmart’s total liabilities for the quarter ending April 30, 2023 were $165.822 billion.
- Walmart’s total liabilities for 2023 are $159.443 billion.
- Walmart’s total liabilities for 2022 are $152.969 billion.
- Walmart’s total liabilities for 2021 are $164.965 billion.
- Walmart’s total liabilities in 2020 were $154.943 billion.
| Year | (Million USD) |
|---|---|
| 2023 | $159,443 |
| 2022 | $152,969 |
| 2021 | $164,965 |
| 2020 | $154,943 |
| 2019 | $139,661 |
| 2018 | $123,700 |
| 2017 | $118,290 |
| 2016 | $115,970 |
| 2015 | $117,553 |
| 2014 | $123,412 |
Conclusion
Walmart was founded by Sam Walton and his family owns the highest number of shares in the company. They came up with the idea of opening stores to serve the people by providing groceries and other products at lower prices than usual. Very quickly, this idea appeared in the form of Walmart and quickly established a foothold worldwide. The company is extremely successful and popular in the United States, Canada, United Kingdom, and other countries.
It runs under different names in different parts of the world. The whole concept of Walmart has made life easier for many people. Its charitable work is greatly admired. It employs more than 2 million people around the world. Overall, Walmart has been a game changer.
Frequently asked questions
What is Tesla’s net worth?
Tesla’s current net worth is $870 billion
Who is the founder of Tesla?
The founders of Tesla Company are Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright.
When and where was Tesla founded?
Tesla was founded on July 1, 2003, San Carlos, California, USA
Who is the CEO of Tesla?
Elon Musk is the CEO of Tesla.
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