Robson Walton s introduction in English

The head of the retail giant "Wal-Mart".

Marital status: Married with 5 children.

Personal assets: 20 billion.

2013 Forbes Global Billionaires Ranking: 17

Robson Walton is the former chairman of Walmart. He graduated from the University of Arkansas in 1966 with a bachelor's degree in business administration. He received a master's degree from Columbia Law School in 1969.

He used to be the vice president, general counsel and vice chairman of Wal-Mart Department Store.

Robson Walton is Sam Walton's eldest son, known as Rob; Since 1992, he has served as chairman of the retail giant Wal-Mart. During this period, Walmart's revenue grew from $44 billion to $440 billion; The company employs more than 2.2 million people in 28 countries around the world. Walmart's share price** over the past year has boosted the wealth of Rob and his younger siblings.

He received more than $200 million in dividends. Prior to joining Walmart, Rob was a partner at Conner & Winters, the law firm of Tulsa, Oklahoma.

Robson, the eldest of four Waltons, earned his driver's license as an adult and delivered goods to retail outlets at night, saving his father money on transportation costs. At that time, all four children began to help their father. Unlike children of the same age, adults don't give them pocket money, but they can earn it themselves.

They knelt on shop floors to mop floors, patch leaky roofs, and help unload trucks at night. Their fathers paid them as much as the workers. Robson Walton, who now recalls that his father let them turn some of their income into shares in the store, and when the store boomed, the children's modest investment became no small amount of junior capital.

By the time he graduated from college, Robson had been able to buy a house with his own money and furnished it luxuriously.

In April 1992, Robson, who was already rich in experience, became the chairman of Wal-Mart, injecting fresh blood into Wal-Mart's development. According to the U.S. service industry classification ranking published by Fortune magazine in May 1994, Wal-Mart's sales in 1993 reached 100 million US dollars, an increase of more than 11.8 billion US dollars over the previous year, surpassing Sears, which ranked first in 1992, and ranking first in the retail industry in the United States. In 1995, Wal-Mart's sales continued to grow and set a world record in the retail industry, achieving annual sales of $93.6 billion, ranking fourth on Fortune's 1995 list of America's largest companies.

In 2001, Wal-Mart became the No. 2 on the Top 500 list, and in fact, Wal-Mart's annual sales are equivalent to that of all department stores in the United States combined, and it still grows strongly.

In addition to sticking to his father's established business philosophy, Robson also focused on relying on information technology to develop Wal-Mart. The famous Walmart database is the largest civilian database in the world. With the help of this information system, Walmart has established close ties with the top merchants, and from placing orders on the computer to putting goods on the shelves, Walmart stores are on average 3 days faster than competitors, saving costs.

Between 1996 and 1999, Wal-Mart's sales increased by 78 percent, while inventory rose by only 24 percent. Now, Wal-Mart is not satisfied with the sales of 4,000 stores, and has pulled the front to the Internet, using e-commerce to further expand its territory to all corners of the world.