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While the Ambani family is the wealthiest family across Asia its wealth pales in comparison to the Walton family the worlds richest family with a staggering net worth of $432.4 billion which is almost 2.5 times more than the combined fortune of Mukesh Ambani and Gautam Adani two of the richest individuals in India. What is Walton familys business? The Walton family owns Walmart the worlds largest supermarket chain which was established by its founder Sam Walton as a small-time store that sold salt and turmeric at discounted prices. Today Walmart has grown into the largest supermarket chain in the world an annual revenue of $648.1 billion or about $473.2 million per day. This translates to the Walton family earning about $328577 (around Rs 3 crore) per minute. Currently Walmart has more than 10600 stores across the globe. The Waltons who own about half of Walmart via two holding companies have been named as the richest family in the world in the Worlds Richest Families 2024 list by Bloomberg. Who founded Walmart? Sam Walton the matriarch of the Walton family founded Walmart in 1962 when it started out as a small store that sold daily household items like salt and spices at a discount. Born in a low-income household Sam Walton began working from a very young age delivering milk and newspapers in his neighborhood and later worked as a salesman at a retail store but was sacked by the manager after a short while. However his brief stint at the store proved to be of immense help as he realized that there was a lot of profit to be gained in the salt and turmeric business. Soon Sam Walton founded Walmart with the idea of attracting customers by offering discounts. Walton understood that people prefer to buy things in bulk if offered on discount and this strategy became Walmarts biggest strength as it grew into a multinational supermarket chain. Sam Walton died in 1992 following which his children Jim Walton Rob Walton and Alice Walton are managing Walmart. This family owns 46 percent of Walmart-- the worlds largest retailer which is perched atop the Fortune 500 list for over a decade.