|Net Worth:||$62 Billion|
|Date of Birth:||June 7, 1948 (74 years old)|
|Nationality:||United States of America|
What is Jim Walton’s net worth? How does Jim Walton make his money? Below is the current net worth of Jim Walton and how Jim Walton makes his money.
What is Jim Walton’s Net Worth?
Jim Walton is an American entrepreneur who has a net worth of $62 billion. Sam Walton, the man who founded Walmart has a son which is Jim Walton. After Sam passed away, Jim and his siblings each received a portion of their father’s business worth about 40%.
Depending on the frequency and dividend amount, presently, the siblings split an annual dividend payment of $2–3 billion among themselves.
Walton was born on June 7th, 1948 in Newport, Arkansas. Walton grew up alongside his siblings Rob, John, and Alice as well as the other children of Sam and Helen Walton, who had four kids in total.
Walton’s father had a big impact on him growing up. Sam was always coming up with new ways to boost sales at the numerous stores he worked at, and in 1962, he was eventually able to create the first real Walmart in Rogers, Arkansas.
Walton attended Bentonville High School. He was actively involved in both school and extracurricular activities. He was the class president in his junior year, a member of the high school football team, and a licensed pilot.
He entered the University of Arkansas in Fayetteville for the marketing program after graduating in 1965. He enrolled there and became a member of the Lambda Chi Alpha fraternity, and graduated in 1971 with a bachelor’s degree in marketing from the school of business administration. Then, after obtaining his pilot’s license, he took a year off to travel a little.
Walton first worked for Walmart in 1972, following the completion of his college education, and was involved in the firm’s real estate activities.
He held this post for four years before transferring to Walton Enterprises, the holding company for the Walton family, where he worked as the company president starting in 1975.
Walton continued to have a significant role in numerous businesses and interests owned by the family. In 2005, he was elected to the Walmart Board of Directors, replacing his late brother John, who had previously held the position.
He is a member of the Finance and Strategic Planning committees as well. He also holds the position of chairman of Community Publishers Inc., a newspaper company that was first established by his father following the purchase of a regional Arkansas newspaper.
Being the chairman and CEO of Arvest Bank, a company owned by the Walton family has been his primary area of professional focus. Over 260 of the bank’s locations may be found in Oklahoma, Missouri, and Arkansas.
In 2013, Arvest bought 29 Bank of America branches in addition to a number of local banks under Walton’s direction. Arvest has also experienced significant growth. Walton chose to transfer his position to his son Steuart in 2016 after serving on the Walmart board for more than ten years.
According to reports, Walton owns more than half of all Walmart shares, along with his brother and sister.
Walton is married to Lynne McNabb Walton, and the two of them have four kids: James, Alice, and Steuart. The family resides in Bentonville, Arkansas.
By way of Walton Enterprises and the Walton Family Holdings Trust, Jim Walton currently controls around 13% of Wal-Mart. Arvest Bank which is the biggest bank in Arkansas is another institution in that Walton holds a 44% share.
Jim Walton’s profits from stock sales and dividends since 1992 are at least $10 billion.
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