It is a publicly traded family-owned business, as the company is controlled by the Walton family. It is also the largest private employer in the world with 2.2 million employees. Walmart is the world's largest company by revenue, with US$548.743 billion, according to the Fortune Global 500 list in 2020. Since August 2018, Walmart holds only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and private equity firm Advent International holding 80 percent ownership of the company. It has wholly owned operations in Chile, Canada, and South Africa. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. Īs of January 31, 2022, Walmart has 10,593 stores and clubs in 24 countries, operating under 48 different names. It also owns and operates Sam's Club retail warehouses. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. ( / ˈ w ɔː l m ɑːr t/ formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.
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