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Jim Walton

From Wikipedia, the free encyclopedia
For other people named Jim Walton, seeJim Walton (disambiguation).
Jim Walton
Walton in 2011
Born
James Carr Walton

(1948-06-07)June 7, 1948(age 76)[1]
Newport, Arkansas,U.S.
Alma materUniversity of Arkansas(BS)
Occupations
  • Businessman
  • stock trader
Political partyIndependent
Board member of
SpouseLynne McNabb
Children4[3]
Parents
Relatives
FamilyWalton

James Carr Walton[1](born June 7, 1948)[4]is an American businessman, currently an heir to the fortune ofWalmart,the world's largest retailer.[5]As of August 2024, Walton was the 15th-richest person in the world, with a net worth of US$92.5 billion according to Forbes. He is the youngest son ofSam Walton.

Early life and family

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Jim Walton was born in Newport, Jackson County, Arkansas, the third child ofWalmartco-founderSam Walton(1918–1992) andHelen Walton(1919–2007), with siblingsRob Walton,Alice Walton,andJohn Walton(1946 – 2005).[3][6][7]Walton graduated fromBentonville High Schoolin 1965, where he was president of his junior class, played football at all-state level and also learned to fly a plane. Walton received abachelor's degreeinBusiness AdministrationinMarketingfrom theUniversity of ArkansasinFayetteville, Arkansasin 1971, where he was also a member of theLambda Chi Alphafraternity.[2][3][8]In 1972, he joined Walmart and was involved in its real-estate dealings. After four years, he moved to the family owned Walton Enterprises as president in 1975.[2][4]: 69–76 [9][10]

Career

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On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-MartBoard of Directors.[2]He wasCEOof his family ownedArvest Bank,until becoming Chairman of Arvest Bank, and chairman of newspaper firm Community Publishers Inc. (CPI) owned by Jim Walton himself (but founded by his father Sam Walton after acquiring the local newspaper the Benton County Daily Record, both operating inArkansas,Missouri,andOklahoma[9][11]). He has pledged about $2 billion to theWalton Family Foundationalong with his siblings from 2008 to 2013.[3][12]

In September 2016, Walton was reported to own over 152 million of Walmart shares worth over $11 billion (US).[13]

Personal life

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He and his wife, Lynne McNabb Walton, have four children: Alice A. "Annie" Proietti (born November 1979),[14][15]Steuart Walton(born April 1981), Thomas Layton "Tom" Walton (born September 1983), and James M. Walton (born August 1987). The family resides inBentonville, Arkansas.[8]

In 2014, he was ranked at #10 on theForbes list of billionaireswith a net worth of $34.7 billion that has increased by $3 billion.[6]On the 2013Forbes 400list of the richest people in America he is ranked at #7.[16]As of March 2019, he was ranked as the 16th-richest person in the world, with an estimated net worth of $45.7 billion.[17]As of September 28, 2024, Jim Walton was ranked at #17 on the Bloomberg Billionaires Index with a net worth of $102 billion[18]with a $ YTD change of +$29.8B.

  1. ^ab"Sam Walton: Great From the Start".Harvard Business School.2001-07-23.Retrieved2013-12-21.
  2. ^abcde"Executive Profile: Jim C. Walton".Bloomberg Businessweek.Archived fromthe originalon December 21, 2013.Retrieved2013-12-21.
  3. ^abcd"Jim Walton".Forbes.September 2013.Retrieved2013-12-21.
  4. ^abOrtega, Bob (1999).In Sam We Trust: The Untold Story of Sam Walton and how Wal-Mart is Devouring the World.Kogan Page Publishers. p. 28.ISBN978-0-7494-3177-8.
  5. ^"Walmart's surge just added $12 billion to the Walton family's wealth".nordic.businessinsider.Retrieved2018-08-19.
  6. ^ab"2014 Forbes Billionaires".Forbes.2014. Archived fromthe originalon March 10, 2012.Retrieved2014-03-03.
  7. ^"The World's Billionaires #26 Jim Walton".Forbes.2008-05-03.Retrieved2013-12-21.
  8. ^ab"Jim C. Walton".walmart1percent.Archived fromthe originalon 2016-05-15.Retrieved2013-12-21.
  9. ^abSerwer, Andy (2004-11-15)."THE WALTONS/ INSIDE AMERICA'S RICHEST FAMILY".CNNMoney.Archived fromthe originalon 2013-12-24.Retrieved2013-12-21.
  10. ^Buehler, Nathan (2016-06-04)."The Top 4 Walmart Shareholders".Investopedia.Retrieved2018-08-19.
  11. ^"Jim C. Walton Chairman and CEO of Arvest Bank Group, Inc".Walmart.2008-03-05. Archived fromthe originalon 2014-01-03.Retrieved2013-12-21.
  12. ^Mark A. Joyce (October 23, 2015)."Guest columnist recounts out-of-state money and PAC support going to campaigns of certain BESE candidates".Louisiana Voice.RetrievedNovember 14,2015.
  13. ^"Insidermole".Insidermole.Retrieved27 September2016.
  14. ^"WEDDINGS: Walton, Proietti wedding | Northwest Arkansas Democrat-Gazette".18 October 2009.
  15. ^"Who was Bitwise Industries' surprise whale? The family behind Walmart".15 June 2023.
  16. ^"The Forbes 400 The Richest People in America".Forbes.September 2013.Retrieved2013-12-22.
  17. ^"Jim Walton".Forbes.Retrieved2019-03-27.
  18. ^"Bloomberg Billionaires Index".Bloomberg.Retrieved2024-09-28.

See also

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References

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