What is Jim Walton net worth?
|Net worth||$65 billion|
|Date of birth||June 7, 1948|
|Full name||James Carr Walton|
Jim Walton net worth and Biography
Jim Walton net worth 2023: James Carr Walton is an American businessman, currently the heir to the fortune of Walmart, the world’s largest retailer. He is among the richest people in the world. Keep reading to find more information about Jim Walton here.
Early life and family
Jim Walton was born in Newport, Jackson County, Arkansas, the third child of Walmart co-founder Sam Walton.
He graduated from Bentonville High School in 1965 where he was president of his junior class, played football at all-state level and also learned to fly a plane, Walton received a bachelor’s degree in Business Administration in Marketing from the University of Arkansas in Fayetteville, Arkansas in 1971.
Wlaton started his career at Walmart. He was inccarge of its real-estate dealings. After serving for four years, he moved to the family owned Walton Enterprises as president in 1975.
In 2005, after the death of his brother John, he was promoted to Wal-Mart Board of Directors.
He was on the Strategic Planning and Finance committees. He was CEO of his family-owned Arvest Bank, until becoming Chairman of Arvest Bank, and Chairman of newspaper firm Community Publishers Inc. (CPI) owned by Jim Walton himself.
On October 15, 2015, The Baton Rouge Advocate in the capital city of Baton Rouge, Louisiana, reported that PAC-Empower Louisiana had allocated about $818,000 to candidates running for the Louisiana Board of Elementary and Secondary Education who support the Common Core State Standards Initiative.
The political action committee members include Alice and Jim Walton, Eli Broad of Los Angeles, California, and the trade association, the Louisiana Association of Business and Industry. Four candidates in eight districts, including Sandy Holloway, James Garvey in District 1 (suburban New Orleans), and Holly Boffy were declared “acceptable” to the PAC.
Holloway collected $87,696; Garvey, the board vice president, $230,459; Boffy, another incumbent from Lafayette, $107,145. The Common Core candidates staged major victories in the primary election held on October 24, 2015.
In September 2016, Walton was reported to own over 152 million of Walmart shares worth over $11 billion (US).
Jim Walton is siblings to Alice Walton, Rob Walton, and the late John Walton. He is the youngest son of the Walton family. Jim is married to Lynne McNabb Walton, have four children. The family resides in Bentonville, Arkansas. Jim and other heirs of Sam Walton own about half of Walmart’s stock
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Jim Walton Net Worth
Jim Walton net worth 2023 is $65 billion. He is ranked as the 19th richest person in the world by Bloomberg. He is chairman of the family’s Arvest Bank, which today boasts assets of more than $20 billion.
Walmart was founded in 1962 by Sam Walton. Sam Walton had a net worth of $8.6 billion at the time of his death in 1992. As of Jan. 13, 2021, Walmart had a market cap of $417.2 billion.
Jim sat on Walmart’s board for more than a decade before yielding the seat to his son, Steuart, in June 2016.
Jim and sister Alice are spearheading a program that will issue $300 million in bonds to help charter schools invest in facilities.
Walton was the eighteenth-richest person in the world, with a net worth of US$62.6 billion according to Bloomberg Billionaires Index. He is the youngest son of Sam Walton.