Jim Walton Biography
Jim Walton (James Carr Walton) is an American heir to the fortune of Walmart, the world’s largest retailer. As of March 2018, Walton was the 16th-richest person in the world, with a net worth of $41.9 billion. He is the youngest son of Sam Walton.
Jim Walton Age
He was born on June 7, 1948, in Newport, Arkansas, United States. Jim Walton is 70 years old as of 2018.
Jim Walton Net worth
He acquires his income from the fortune of Walmart, the world’s largest retailer. All his wealth came from his father Sam Walton. The company operates internationally, its also a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. He has an estimated net worth of $ 47.7 billion USD.
Jim Walton Family
He was born in Newport, Arkansas, United States to Sam Walton (father) and Helen Walton (mother) His father was the founder of Walmart retailer market and Sam’s Club while his mother was a prominent art advocate, dedicated to her community in Bentonville, Arkansas where she instituted a committee for a national museum of arts. His grandparents were Thomas Gibson Walton (grandfather) and Nancy “Nannie” Lee Lawrence (grandmother).
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Jim Walton Siblings
His siblings are Alice Walton an heiress to the fortune of Walmart Inc, S. Robson Walton an heir to the fortune of Walmart and the late John T. Walton who was a war veteran.
Jim Walton Wife
He married Lynne McNabb Walton and they were blessed with four children. He resides with his wife and children in Bentonville, Arkansas United States.
Jim Walton Children
He has four children Alice A. Proietti (born November 1979), Steuart Walton (born April 1981), Thomas L. Walton (born September 1983), and James M. Walton (born August 1987). The family resides in Bentonville, Arkansas.
Jim Walton Education
In 1965, he attended Bentonville High School in Bentonville, Arkansas United States where he was president of his junior class, played football at the all-state level and also learned to fly a plane. He then joined the University of Arkansas in 1971 where he received a bachelor’s degree in Business Administration in Marketing he also served as a member of the Lambda Chi Alpha fraternity.
Jim Walton director of Wal-Mart
On September 28, 2005, he replaced his deceased brother, John, on the Wal-Mart Board of Directors. He is on the Strategic Planning and Finance committees. In 1972, he joined Walmart and was involved in its real estate dealings. After serving for four years, he moved to the family-owned Walton Enterprises as president in 1975. 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 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).
He has pledged about $2 billion to the Walton Family Foundation along with his siblings from 2008 to 2013. 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, 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; Buffy, 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 US$11 billion. He is currently ranked at 10 on the 2014 Forbes list of billionaires with a net worth of $34.7 billion that has increased by $3 billion. On the 2013 Forbes 400 list of the richest people in America, he is ranked at 7. As of March 2019, he was ranked as the 16th-richest person in the world, with an estimated net worth of $45.7 billion.
Jim Walton Toyota
Jim Walton House