Biography Philanthropists

Jim Walton

Jim Walton
Born James Carr Walton
June 7, 1948 (age 70)[1]
NewportArkansas, U.S.
Residence BentonvilleArkansas
Citizenship United States
Education Marketing degree from University of Arkansas at Fayetteville(1971)[2]
Known for Walton family fortune
Net worth Decrease US$41.9 billion (March 2018)[3]
Board member of
Spouse(s) Lynne McNabb
Children Steuart Walton, Thomas Layton Walton, James M. Walton, Alice Anne Walton, Well L. Walton [4]
Family Walton

James Carr Walton[1] (born June 7, 1948)[5] is the youngest son of Sam Walton, the founder of the world’s largest retailer, Walmart.[6] As of March 2018, Walton was the 16th-richest person in the world, with a net worth of $41.9 billion.[7]

Early life and family[edit]

Jim Walton was born in Newport, Jackson County, Arkansas, the third child of Walmart co-founder Sam Walton (1918–1992) and Helen Walton (1919–2007), with siblings Rob WaltonAlice Walton, and John Walton (1946 – 2005).[4][8][9] After graduating 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, where he was also a member of the Lambda Chi Alphafraternity.[2][4][10] 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.[2][5]:69-76[11][12]


On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-Mart Board of Directors.[2] He is currently on the Strategic Planning and Finance committees.[10] 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 (but founded by his father Sam Walton after acquiring the local newspaper the Benton County Daily Record, both operating in ArkansasMissouri, and Oklahoma[11][13]). He has pledged about $2 billion to the Walton Family Foundationalong with his siblings from 2008 to 2013.[4]

On October 15, 2015, The Baton Rouge Advocate in the capital city of Baton RougeLouisiana, 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 AngelesCalifornia, and the trade association, the Louisiana Association of Business and Industry. Four candidates in eight districts, including Sandy HollowayJames 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.[14] The Common Core candidates staged major victories in the primary election held on October 24, 2015.[15]

In September 2016, Walton was reported to own over 152 million of Walmart shares worth of approximately US$ 11 billion.[16]


He and his wife, Lynne McNabb Walton, have 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.[10]

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.[8] On the 2013 Forbes 400 list of the richest people in America he is ranked at #7.[17]

See also[edit]


  1. Jump up to:a b “Sam Walton: Great From the Start”Harvard Business School. 2001-07-23. Retrieved 2013-12-21.
  2. Jump up to:a b c d e f g “Executive Profile: Jim C. Walton”Bloomberg Businessweek. Retrieved 2013-12-21.
  3. Jump up^
  4. Jump up to:a b c d “Jim Walton”Forbes. September 2013. Retrieved 2013-12-21.
  5. Jump up to:a b Ortega, 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. ISBN 978-0-7494-3177-8.
  6. Jump up^ “Walmart’s surge just added $12 billion to the Walton family’s wealth” Retrieved 2018-08-19.
  7. Jump up^ “The World’s Billionaires 2018”Forbes. Retrieved 2018-08-19.
  8. Jump up to:a b “2014 Forbes Billionaires”Forbes. 2014. Retrieved 2014-03-03.
  9. Jump up^ “The World’s Billionaires #26 Jim Walton”Forbes. 2008-05-03. Retrieved 2013-12-21.
  10. Jump up to:a b c “Jim C. Walton”walmart1percent. Retrieved 2013-12-21.
  11. Jump up to:a b Serwer, Andy (2004-11-15). “THE WALTONS/ INSIDE AMERICA’S RICHEST FAMILY” Archived from the original on 2013-12-24. Retrieved 2013-12-21.
  12. Jump up^ Buehler, Nathan (2016-06-04). “The Top 4 Walmart Shareholders”Investopedia. Retrieved 2018-08-19.
  13. Jump up^ “Jim C. Walton Chairman and CEO of Arvest Bank Group, Inc”Walmart. 2008-03-05. Retrieved 2013-12-21.
  14. Jump up^ 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. Retrieved November 14, 2015.
  15. Jump up^ Will Sentell (October 25, 2015). “Backers of Common Core, other changes make clean sweep in BESE contests”The Baton Rouge Advocate. Retrieved November 15, 2015.
  16. Jump up^ “” Retrieved 27 September 2016.
  17. Jump up^ “The Forbes 400 The Richest People in America”Forbes. September 2013. Retrieved 2013-12-22.