Walmart’s Net Worth is $413 Billion as of 2024. Walmart Inc. Is a massive company in America, which is known as the biggest retail corporation that operates a huge chain of hypermarkets, all around the world. Walmart is an American multinational company, which has made a huge success since its inception. Its headquarters is placed in Bentonville, Arkansas, from where the entire chain of its hypermarket, department stores, grocery stores, and others are being operated. Walmart first came into existence in 1962, when Sam Walton founded the company in Arkansas.
To date, Walmart has become a massive name, being operative in more than 24 countries, under 46 different names. Walmart has more than 10,500 stores, which are running successfully. The company Operates with numerous names, as it has occupied various other eCommerce and retail companies in other countries. Like, in India, Walmart runs under the name of Flipkart Wholesale.
It has been named the largest company as far as revenue is concerned. Though Walmart is not that successful, as far as investment is concerned. It is successful in a few places, but in Japan, South Korea, and Germany, the venture has failed. Also check Facebook Net Worth, Apple Net Worth.
Walmart Net Worth
Walmart is a massive company that has a massive net worth. As far as its revenue is concerned, Walmart is the world’s most successful company, with annual revenue of $576 billion. Though it’s not the company’s net worth. Its net worth is around $413 billion, which is a very massive number. The company has total assets of $247.65 Billion, and its net income per year is $8.96 billion. The company operates all around the world, providing grocery and other daily use products at comparatively lower prices. check Amazon Net Worth.
| Name | Walmart |
| Owner: | Walton family |
| Net Worth 2024 | $413 Billion |
| Net Worth in Indian Rupees | 34 Lakh Crore |
| Net income: | $11.299 Billion |
| Revenue | $622 Billion |
| Total Assets | $243.197 Billion |
| PE Ratio | 25.28 |
| Founder: | Sam Walton |
| CEO | Doug McMillon (1 Feb 2014–) |
| Headquarters: | Bentonville, Arkansas, United States |
| Founded: | 2 July 1962, Rogers, Arkansas, United States |
| Number of employees | 2,300,000 (Jan. 2022) |
| Subsidiaries: | Sam’s Club, Walmart Canada, Bodega Aurrerá, MORE |
| Website | walmart.com |
Walmart Revenue 2023
- Walmart revenue for the quarter ending April 30, 2023 was $152.301 Billion.
- Walmart revenue for the twelve months ending April 30, 2023 was $622.021 Billion.
- Walmart annual revenue for 2023 was $611.289 Billion.
- Walmart annual revenue for 2022 was $572.754 Billion.
- Walmart annual revenue for 2021 was $559.151 Billion.
- Walmart annual revenue for 2020 was $523.964 Billion.
| Year | (Millions of US $) |
|---|---|
| 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 net income for the quarter ending April 30, 2023 was $1.673 Billion.
- Walmart net income for the twelve months ending April 30, 2023 was $11.299 Billion.
- Walmart annual net income for 2023 was $11.68 Billion.
- Walmart annual net income for 2022 was $13.673 Billion.
- Walmart annual net income for 2021 was $13.51 Billion.
- Walmart annual net income for 2020 was $14.881 Billion.
| Year | (Millions of US $) |
|---|---|
| 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
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Walmart first came into existence in 1962. Although, its story started way back in 1945 when Sam Walton bought a branch of Ben Franklin stores from Butler Brothers. His intention was to sell products at a lower price to get higher volumes of sales. Though, initially, he struggled to make a profit. However, very soon he was able to find lower-cost suppliers, which increased the sales by 45% in the first year of ownership. During its first year, the company was making revenue of $105,000, and within five years, its revenue increased to $250,000.
The first official Walmart store was opened in Rogers, Arkansas, in 1962. The name of the logo was inspired by FedMart, a chain of discounted departmental stores. In 1969, the company spread its legs from Arkansas to Missouri, Oklahoma, etc. In 1969, the company was incorporated under the name of Wal-Mart, Inc., which later changed to Wal-Mart Stores Inc., in 1970. The company was listed on New York Stock Exchange in 1972. By 1988, Walmart became the most profitable retailer in the US. Also check Microsoft Net Worth.
From 1990 to 2005, the company gained the status of a Multinational. It opened stores in various other places, apart from North and South America. Later, it bought various other companies and started working under its name at the company’s earlier location.
Walmart Total Assets
- Walmart total assets for the quarter ending April 30, 2023, were $245.053 Billion.
- Walmart total assets for 2023 were $243.197 Billion.
- Walmart total assets for 2022 were $244.86 Billion.
- Walmart total assets for 2021 were $252.496 Billion.
- Walmart total assets for 2020 were $236.495 Billion.
| Year | (Millions of US $) |
|---|---|
| 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 numerous achievements under its name. It is the company with the highest revenue, and because of that, Walmart Inc. is the world’s largest company by revenue. Its current annual revenue is around $576 Billion. The company is also known for the number of employees it creates, with its employee count raising to 2.2 million. The company has also done charity, and its entire concept was to run efficiently, at a lower price than others. Working in more than 24 countries, and operating more than 10,500 stores is quite an achievement.
Walmart Total Liabilities
- Walmart total liabilities for the quarter ending April 30, 2023 were $165.822 Billion.
- Walmart total liabilities for 2023 were $159.443 Billion.
- Walmart total liabilities for 2022 were $152.969 Billion.
- Walmart total liabilities for 2021 were $164.965 Billion.
- Walmart total liabilities for 2020 were $154.943 Billion.
| Year | (Millions of US $) |
|---|---|
| 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 has been established by Sam Walton, and its family owns the highest number of shares in the company. They came up with the idea of opening stores that serves the people by providing grocery products and others at a lower price compared to normal. Very soon, the idea came in the form of Walmart and soon established its ground all around the world. The company is hugely successful and popular in the United States, Canada, United Kingdom, and others.
It runs with various other names in different parts of the world. The entire concept of Walmart has made numerous lives easier. Its charitable works are hugely admired. It employs more than 2 million people all around the world. As a whole, Walmart has been a game-changer.
Frequently Asked Questions
What is the net worth of Tesla?
The current net worth of Tesla is $870 Billion
Who is the founder of Tesla?
The founder of Tesla Company is Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright.
When and where was Tesla established?
Tesla was established on 1 July 2003, San Carlos, California, United States
Who is the CEO of Tesla?
Elon Musk is the CEO of Tesla.
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