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Published · transcript-backed

Ben Gilbert: belief

19 Jul 2022 Acquired Walmart

“I think we've already made that point, but the Walton family goes on to be the wealthiest family in the world.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
19 Jul 2022
Publisher
Acquired
Episode
Walmart

Transcript context

…Crazy times. But yeah, all of this makes an impression on Sam. Sam says in the book in his very same way, "All of this must have made an impression on me as a kid, although I don't ever remember saying anything to myself like "I'll never be poor."" He says after all this, "One thing my mom and dad shared completely was their approach to money: they just didn't spend it." I think we've already made that point, but the Walton family goes on to be the wealthiest family in the world. All of Sam's future generations are worth a few $100 billion depending on the day that you look at Walmart's market cap since it's nearly all invested in Walmart, but it's a multi-hundred-billion family. Yeah. Incredible to go from that to this in two generations. Like many kids during the Depression, Sam and Bud, as they're growing up, do all sorts of odd jobs around the house to help out the family. Their mom goes to Colombia, gets some cows, and restarts part of the farming business. She starts a milk business where they help out in milking the cows and delivering to neighbors in Colombia. Sam starts selling magazine subscriptions. He also starts selling rabbits and pigeons that he raises in the backyard. I don't know who was buying the rabbits and pigeons, but that's what he does.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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