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Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022.[15] In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion.[16] Walmart is also the largest private employer in the world with 2.1 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.[17] Walmart was the largest United States grocery retailer in 2019, and 65 percent of Walmart's US$510.329 billion sales came from U.S. operations.[18][19]