JIM WALTON– Biography, Age, Family, Net-worth & Businesses
JIM WALTON– Biography, Age, Family, Net-worth & Businesses
WHO IS JIM WALTON?
Jim Walton is an American businessman and heiress to ‘Walmart,’ the world’s largest retail chain. As the third child of Sam Walton, better known as the co-founder of ‘Walmart,’ he was raised in Bentonville as a Newport, Arkansas native. In high school, he was an all-state football player and also earned his pilot’s license.
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After receiving a bachelor’s degree in Business Administration from the University of Arkansas, he joined Walmart and oversaw the company’s real estate transactions until 1975. He subsequently began a new term as president of ‘Walton Enterprises’ In September 2005, following the death of his older brother John, Jim joined the Walmart Board of Directors. His family also owns the ‘Arvest Bank,’ where he also served as CEO. He is currently one of the world’s wealthiest individuals.
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JIM WALTON– BIOGRAPHY
Jim Walton is an American businessman and heiress to ‘Walmart,’ the world’s largest retail chain. As the third child of Sam Walton, better known as the co-founder of ‘Walmart,’ he was raised in Bentonville as a Newport, Arkansas native. In high school, he was an all-state football player and also earned his pilot’s license.
JIM WALTON– Biography, Age, Family, Net-worth & Businesses
After receiving a bachelor’s degree in Business Administration from the University of Arkansas, he joined Walmart and oversaw the company’s real estate transactions until 1975. He subsequently began a new term as president of ‘Walton Enterprises’ In September 2005, following the death of his older brother John, Jim joined the Walmart Board of Directors. His family also owns the ‘Arvest Bank,’ where he also served as CEO. He is currently one of the world’s wealthiest individuals.
WIKI – BIODATA
| Real Name | Jim Carr Walton |
| Profession | Entrepreneur and Banker |
| Famous For |
The heir to the fortune of Walmart and The Chairman of Arvest Bank
|
| Physical Status | |
| Age | 74 years old |
| Height |
|
| Weight |
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| Eye Colour | Green |
| Hair Colour | Grey |
| Personal Information | |
| Date of Birth | 7th June, 1948 |
| Religion | Christian |
| Birth Place | Arkansas, United States |
| Zodiac sign | Gemini |
| Nationality | American |
| School Name | Bentonville High School (BHS) |
| College Name |
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| Qualifications | The University of Arkansas (BSC. |
| Family Profile | |
| Father Name | Sam Walton |
| Mother Name | Helen Walton |
| Siblings | Alice Walton, John Walton, Rob Walton |
| Children |
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| Relationships/Affairs |
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| Career | |
| Source Of Income | Stake in Walmart and Arvest Bank |
| Appeared In | NIL |
| Net Worth, Salary | $58.7 Billion. |
| Hobbies | Reading, Travelling, Watching Movies, Playing Volley Ball, Tennis and watching football |
JIM WALTON Biography, Age, Family, Net-worth
FAMILY, MARRIAGE, AND PERSONAL LIFE
Jim and Lynne McNabb Walton have four children. Jim resides in Bentonville, Arkansas, with his family.
He is an introvert who dislikes being the center of attention.
He has a reputation as a supporter of white supremacist politicians, such as Jason Rapert, despite having no direct connection to politics.
CHILDREN
The couple has four children: Alice A. Proietti (born in November 1979), Steuart Walton (born in April 1981), Thomas L. Walton (born in September 1983), and James M. Walton (born August 1987).
JIM WALTON– Biography, Age, Family, Net-worth & Businesses
CAREER
In 1972, he returned to the United States and began working for Walmart, beginning with the company’s real estate division. After four years of employment, he expressed interest in joining ‘Walton Enterprises,’ a business owned by his father, Sam Walton. In the mid-1970s, he became president of ‘Walton Enterprises’.
After working in the ‘Walton Enterprises’ for a few months, Jim showed keen interest in banking; his father owned ‘Arvest Bank,’ which eventually became the largest and the oldest bank in the state of Arkansans. He served as the CEO of the bank, until he became its chairman.
Although ‘Arvest’ never came into the big league at the national level banking, it did manage to perform quite well on the net interest margin scale, considering the limited core area of its operations.
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All three brothers – Jim, John, and Rob hold an equal 25.88 percent shares in the bank while the rest is held by its employees.
Under Jim’s leadership, the bank has grown exponentially. It has acquired many small banks, such as WestStar Bank, Caney Valley National Bank, and the Bank of Pea Ridge.
During the economic recession of the late 2010s, ‘Arvest’ refused funds from the ‘Troubled Asset Relief Program.’ Later in March 2013, ‘Arvest’ acquired 29 branches of the ‘Bank of America’ in Kansas, Arkansas, Missouri, and Oklahoma.
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The bank has more than 200 branches in states such as Arkansas, Oklahoma, and Missouri. In addition, the bank owns many mortgage and insurance companies as well. In order to maintain the high level of growth in the bank operations, Jim has been using the same business model his father, Sam, used to expand ‘Walmart.’
JIM WALTON– Biography, Age, Family, Net-worth & Businesses
Sam also bought a local newspaper ‘the Benton County Daily Record’ and it evolved to become ‘Community Publishers Inc.,’ owned by the ‘Walton’ family. Sam had purchased it initially for marketing purposes and printing flyers and brochures. Over time, it became an integral part of the family business, as it protected the Walton family from negative publicity.
Until 2005, when his eldest brother John passed away, Jim avoided Walmart as much as possible for many years. Jim assumed his position on the ‘Board of Directors’ at ‘Walmart’, where he had been serving.
He also contributes regularly to the Walton Family Foundation.
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According to a 2016 report, Jim owned 152 million Walmart shares worth $11 billion. His estimated net worth in March 2018 was approximately $41.9 billion, making him one of the world’s wealthiest individuals.
JIM WALTON INVESTMENTS & BUSINESSES TILL DATE
WALMART
Sam Walton founded Walmart in 1962 as a small discount retailer in Rogers, Arkansas. Since 1970, Walmart has been a publicly traded company with over 11,000 stores in the United States and abroad. Walmart employed nearly 1.6 million people in the United States as of 2022.
With an estimated net worth of $238 billion in 2021, the Waltons are considered the richest family in the world.
3 Jim Walton and other Sam Walton heirs collectively own fifty percent of Walmart’s stock.
JIM WALTON– Biography, Age, Family, Net-worth & Businesses
Jim Walton joined Walmart’s real estate operations division in 1972. In 1975, he moved to his family’s umbrella company, Walton Enterprises, where he briefly served as president. Jim Walton’s interest in banking led him to join the family business, Arvest Bank Group, where he continues to work.
In 2005, following the passing of his brother John, he returned to Walmart to fill his brother’s vacant board position.
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Arvest Bank Group
Jim Walton is the current chairman and chief executive officer of Arvest Bank Group, a Walton-owned regional bank that operates over 260 banks in over 100 communities in Arkansas, Missouri, and Oklahoma.
Through its acquisitions of the Bank of Bentonville in 1961, the Bank of Pea Ridge in 1963, and the First National Bank & Trust Company in 1975, the Walton family founded Arvest. In 2013, Arvest expanded by acquiring 29 Bank of America locations in the region. Arvest Bank Group had assets in excess of $20 billion as of 2022 and was the largest bank in Arkansas by deposits and one of the largest in Oklahoma by number of branches.
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Community Publishers Inc.
Community Publishers Inc. was founded in 1982 as a community newspaper and commercial printer supporting publications in Arkansas, Missouri, and Oklahoma. Jim Walton was the company’s chairman. His father, Sam Walton, acquired the Benton County Daily Record, and until its sale to Berkshire Hathaway in 2015, Jim Walton expanded its presence through CPI.
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JIM WALTON– Biography, Age, Family, Net-worth & Businesses
NET WORTH
According to Forbes, he has a net worth of $58.7 billion.
Jim Walton is the youngest son of the founder of Walmart, Sam Walton. He is the chairman of the family’s Arvest Bank, which has more than $20 billion in assets today. Jim served on Walmart’s board for over a decade before relinquishing his position to his son in June 2016.
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Together, he and other Sam Walton heirs own roughly half of Walmart’s stock. Jim and his sister Alice are spearheading a program to issue $300 million in bonds to assist charter schools with their facility investment.
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