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 Walton, Alice Walton, and John Walton (1946 – 2005).
1948
James Carr Walton (born June 7, 1948) is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer.
As of November 2023, Walton was the 15th-richest person in the world, with a net worth of US$73 billion according to Bloomberg Billionaires Index.
He is the youngest son of Sam Walton.
1965
Walton graduated 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.
1971
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 Alpha fraternity.
1972
In 1972, he joined Walmart and was involved in its real-estate dealings.
1975
After serving for four years, he moved to the family owned Walton Enterprises as president in 1975.
1979
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.
2005
On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-Mart Board of Directors.
He is currently on the Strategic Planning and Finance committees.
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 Arkansas, Missouri, and Oklahoma ).
2008
He has pledged about $2 billion to the Walton Family Foundation along with his siblings from 2008 to 2013.
2013
On the 2013 Forbes 400 list of the richest people in America he is ranked at #7.
2014
In 2014, he was ranked at #10 on the Forbes list of billionaires with a net worth of $34.7 billion that has increased by $3 billion.
2016
In September 2016, Walton was reported to own over 152 million of Walmart shares worth over $11 billion (US).
2019
As of March 2019, he was ranked as the 16th-richest person in the world, with an estimated net worth of $45.7 billion.
