Jim Walton Net Worth
Jim Walton Net Worth: Jim Walton is an American businessman, and the youngest son of the founder of Walmart (Sam Walton), who has a net worth of $45 billion. Jim Walton was born June 7, 1948 in Newport, Arkansas. Jim Walton replaced his deceased brother, John, on the Walmart Board of Directors on September 28, 2005. He is currently on the Strategic Planning and Finance committees and serves as CEO of his family owned Arvest Bank. He is also 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 in Arkansas, Missouri and Oklahoma. Jim Walton 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 went on to earn a bachelor's degree in Business Administration (BA) Marketing from the University of Arkansas in Fayetteville, Arkansas in 1971, In 1972, he joined Walmart, specifically engaging in its real estate dealings. After serving for four years, Walton moved to the family-owned Walton Enterprises and began his term as president in 1975. The American billionaire is married to Lynne McNabb Walton and they have four children. Jim is the quietest member of the Walton family and rarely grants press interviews.
Net Worth details: Jim Walton owns a 13 percent stake in Wal-Mart through the Walton Family Holdings Trust and Walton Enterprises. He has a 44 percent stake in the largest bank in Arkansas, Arvest Bank which is worth about $1.6 billion as a whole. Walton has earned about $7 billion worth of stock sales and dividends since 1992. His siblings Alice and Rob Walton are also beneficiaries of Walton Enterprises.