James Lawrence "Bud" Walton (December 20, 1921 – March 21, 1995) was the brother of

Sam Walton Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's l ...

and co-founder of

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...

Biography

Early life

Walton was born to Thomas Gibson Walton and Nancy "Nannie" Lee Lawrence Walton on December 20, 1921, in

Kingfisher, Oklahoma Kingfisher is a city in and the county seat of Kingfisher County, Oklahoma,. The population was 4,903 at the time of the 2020 census. It is the former home and namesake of Kingfisher College. According to the ''Encyclopedia of Oklahoma History ...

. His father worked as a farm appraiser and mortgage agent. The family moved often because of Thomas Walton's job. When he was 2 years old, his family moved from Oklahoma to

Springfield, Missouri Springfield is the third largest city in the U.S. state of Missouri and the county seat of Greene County. The city's population was 169,176 at the 2020 census. It is the principal city of the Springfield metropolitan area, which had an estimat ...

. The Walton family later lived in

Marshall Marshall may refer to: Places Australia * Marshall, Victoria, a suburb of Geelong, Victoria Canada * Marshall, Saskatchewan * The Marshall, a mountain in British Columbia Liberia * Marshall, Liberia Marshall Islands * Marshall Islands, an i ...

, Shelbina, and

Columbia, Missouri Columbia is a city in the U.S. state of Missouri. It is the county seat of Boone County and home to the University of Missouri. Founded in 1821, it is the principal city of the five-county Columbia metropolitan area. It is Missouri's fourth ...

. Growing up in the

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

, Bud Walton and his older brother Sam learned the value of hard work. As children, the boys worked on the family's farm. Bud Walton delivered newspapers, worked as a lifeguard, and did yard work to help the family. He attended David H. Hickman High School in Columbia, Missouri. He played varsity basketball and was elected senior class president. After graduation, he attended

Wentworth Military Academy Wentworth Military Academy and College was a private two-year military college and high school in Lexington, Missouri. Wentworth was one of six total military junior colleges in the United States. The institution was founded in 1880 and closed in ...

in Lexington, Missouri. He served as a

Navy A navy, naval force, or maritime force is the branch of a nation's armed forces principally designated for naval warfare, naval and amphibious warfare; namely, lake-borne, riverine, littoral zone, littoral, or ocean-borne combat operations and ...

pilot in

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. While undergoing flight training, Bud met and married his wife, Audrey. They had two daughters,

Ann Anne, alternatively spelled Ann, is a form of the Latin female given name Anna. This in turn is a representation of the Hebrew Hannah, which means 'favour' or 'grace'. Related names include Annie. Anne is sometimes used as a male name in the ...

and Nancy.

Career

Bud and his brother, Sam, began their career in the retail industry working in the

Ben Franklin Stores Ben Franklin is a chain of five and dime and arts and crafts stores found primarily in small towns throughout the United States, currently owned by Promotions Unlimited of Mount Pleasant, Wisconsin. They are organized using a franchise system, ...

, a franchised unit of

Butler Brothers Butler Brothers was a retailer and wholesale supplier based in Chicago. It was founded in 1877 as a mail-order company by Charles Hamblet Butler, George Henry Butler, George H. Butler and Edward Burgess Butler. History In the 1920s, Butler Brothe ...

of Chicago. His first store was opened in

Versailles The Palace of Versailles ( ; french: Château de Versailles ) is a former royal residence built by King Louis XIV located in Versailles, about west of Paris, France. The palace is owned by the French Republic and since 1995 has been managed, u ...

, Missouri. Bud and Sam co-founded

Arkansas Arkansas ( ) is a landlocked state in the South Central United States. It is bordered by Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, and Texas and Oklahoma to the west. Its name is from the Osage ...

in 1962. Wal-Mart Stores Inc. opened its first Sam's Club – named for Sam Walton – on April 7, 1983, in

Midwest City, Oklahoma Midwest City is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. As of the 2010 census, the population was 54,371, making it the eighth largest city in the state. The city was developed in r ...

Together, the Walton brothers donated $150,000 to build a new home for the Columbia Chamber of Commerce and Columbia Convention and Visitors Bureau in Columbia, Missouri. The building was named the Thomas G. Walton Building in honor of their father. Bud Walton donated $15 million for the construction of a basketball arena at the

University of Arkansas The University of Arkansas (U of A, UArk, or UA) is a public land-grant research university in Fayetteville, Arkansas. It is the flagship campus of the University of Arkansas System and the largest university in the state. Founded as Arkansas ...

in Fayetteville. The arena is named

Bud Walton Arena Bud Walton Arena (also known as the Basketball Palace of Mid-America) is the home to the men's and women's basketball teams of the University of Arkansas, known as the Razorbacks. It is located on the campus of the University of Arkansas in Fa ...

in his honor.

College of the Ozarks College of the Ozarks is a private Christian college in Point Lookout, Missouri. The college has an enrollment of 1,426 and over 30 academic majors in Bachelor of Arts and Bachelor of Science programs.https://www.usnews.com/best-colleges/college ...

Point Lookout, Missouri Point Lookout is an unincorporated community in Oliver Township, Taney County, Missouri, United States, near Branson and Hollister. Point Lookout is in U.S. post office ZIP code 65726. Point Lookout is part of the Branson Micropolitan Statistica ...

, is home to the James L. "Bud" Walton Chair of Retailing. It was named in honor of Bud Walton's support of the school.

Death

Walton died following surgery for an

aneurysm An aneurysm is an outward bulging, likened to a bubble or balloon, caused by a localized, abnormal, weak spot on a blood vessel wall. Aneurysms may be a result of a hereditary condition or an acquired disease. Aneurysms can also be a nidus (s ...

in Miami, Florida, on March 21, 1995, at the age of 73.Bud Walton, the Low Key Wal-Mart Founder, Dead at 73
Retrieved 30 October 2014. He is buried in Memorial Park Cemetery in Columbia, Missouri.

References

{{DEFAULTSORT:Walton, Bud 1921 births 1995 deaths Burials at Memorial Park Cemetery (Columbia, Missouri)

Bud In botany, a bud is an undeveloped or embryonic shoot and normally occurs in the axil of a leaf or at the tip of a stem. Once formed, a bud may remain for some time in a dormant condition, or it may form a shoot immediately. Buds may be spec ...

Businesspeople from Columbia, Missouri People from Bentonville, Arkansas Wentworth Military Academy and College alumni United States Navy pilots of World War II University of Arkansas people Hickman High School alumni 20th-century American businesspeople

Biography

Early life

Career

Death

See also

References