Biography: Sam Walton - Bargain Billionaire

Genres - History  |   Sub-Genres - Biography  |   Run Time - 50 min.  |  
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This edition of Biography, the long running documentary series from A&E, explores the life of billionaire businessman Sam Walton. In 1945, he opened the first of a chain of Ben Franklin five-and-dime franchises in Arkansas, and in 1962, his first Wal-Mart discount store. He created a national chain of Wal-Mart stores in small towns and rural areas, selling brand-name goods in high volume at low prices. The company went public and thanks to a unique decentralized distribution system and his charismatic leadership and celebrated hands-on management style, it grew exponentially in the 1980s. In 1991 Wal-Mart became the nation's largest retailer, with 1,700 stores; he was reported by Forbes to be the richest man in the country. He was president and CEO until 1988 and chairman until his death.