Evidence receipt / belief
Published · transcript-backedBen 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.”
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.…
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