Home Billionaires Jim Walton: Forbes 17th Richest Man On Earth

Jim Walton: Forbes 17th Richest Man On Earth

by odoomebenezeryaw
  • Full Name: Jim Walton
  • Date of Birth: June 7, 1948
  • Age: 75 years old (as of September 1, 2023)
  • Source of Wealth: Walmart
  • Self-Made Score: 2 (indicating inherited wealth with some involvement)
  • Philanthropy Score: 1
  • Residence: Bentonville, Arkansas, United States
  • Marital Status: Married
  • Children: 4
  • Education: Bachelor of Arts/Science in Business Administration (University of Arkansas)

Biography: Jim Walton is the youngest son of Sam Walton, the founder of Walmart, and is a prominent figure in the Walton family’s business and philanthropic ventures. Born on June 7, 1948, in the United States, he has made substantial contributions to the family’s wealth and legacy.

Jim Walton’s notable role is as the chairman and CEO of Arvest Bank Group, Inc., a financial institution with assets exceeding $20 billion. He has played a pivotal role in overseeing the family’s banking interests, and Arvest Bank Group is a significant component of the Walton family’s diversified business portfolio.

In addition to his involvement in the banking sector, Jim Walton was a member of Walmart’s board for over a decade, further cementing his connection to the retail giant founded by his father. In June 2016, he yielded his seat on Walmart’s board to his son, Steuart Walton. Collectively, Jim Walton and the other heirs of Sam Walton maintain a significant ownership stake in Walmart, contributing to their substantial wealth.

Jim Walton’s commitment to education and philanthropy is evident through his involvement in spearheading a program with his sister, Alice Walton. This program aims to issue $300 million in bonds to support charter schools in investing in their facilities, highlighting their dedication to improving educational opportunities.

As of September 1, 2023, Jim Walton is the 16th richest person in the world, with a reported net worth of $58.8 billion, according to Forbes. His philanthropic efforts, including significant donations of Walmart stock to unknown charities, have left a lasting impact on various causes.

Jim Walton’s educational background includes a Bachelor of Arts/Science degree in Business Administration from the University of Arkansas, where he majored in business administration. His legacy within the Walton family’s business empire and his contributions to philanthropy continue to shape his influential role in society.

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