The heir to the fortune Walmart, the world’s largest retailer Jim Walton’s Net Worth is $65 billion.
He was the 19th richest person in the world according to Bloomberg Billionaires Index.
Jim Walton, originally James Carr Walton, was born on June the 7th, 1948, in New Port, Jackson County, Arkansas, United States.
His father, Sam Walton, was a businessman who co-founded Walmart, and his mother was Helen Walton.
He is the third and the youngest of the three siblings Alice Walton, Rob Walton, and John Walton.
James attended Bentonville High School and graduated in 1965. He was the president of the junior class in his college.
James also played all state-level football and learned to fly planes. James obtained a bachelor’s degree in Business Administration in Marketing from the University of Arkansas in 1971.
Similarly, he was a member of the Lambda Chi Alpha fraternity.
After college graduation, James joined Walmart and was involved in its real estate dealings. It was 1972, and after serving for four years, he moved to the family-owned Walton Enterprises as president in 1975.
|Known As||Jim Walton|
|Birth Name||James Carr Walton|
|Date of birth||June 6, 1948|
|Age||75 years old|
|Birthplace||New Port, Jackson County, Arkansas, United States.|
|High School||Bentonville High School|
|University||University of Arkansas|
|Education||Business Administration in Marketing|
|Father’s Name||Sam Walton|
|Mother’s name||Helen Walton|
|Height||5 Feet 4 Inches,165 cm, 1.65m|
|Weight||68 kg (150 lbs.)|
|Spouse||Lynne McNabb Walton(Divorced)|
|Net Worth||65 Billion dollar|
|Siblings||Alice Walton, John T Walton, S. Robson Walton|
|Social Media||Not Available|
|Last Update||November, 2023|
Net Worth and Income
An American billionaire businessman Jim Walton has an estimated net worth of $65 billion as of 2023.
Jim is the youngest son of co-founder Sam Walton. After his father’s death, Jim, along with his siblings, split 40% of their father’s business empire.
Jim Walton still owns roughly 13% of Wal-Mart through the Walton Family Holdings, Walton Enterprises, and Trust.
Similarly, Jim has a huge investment in the Arvest Bank which is the largest bank in Arkansas. Today the Walton siblings split about $3 billion each year through dividend payments from Walmart Empire alone.
Jim Walton has bagged at least $9 billion from stock sales and dividends since 1992.
In 1992, Jim Walton was worth just $2.5 billion and was ranked the 14th richest person in the United States. Today Jim is worth about $65 billion and is the 19th richest person in the world.
Walton family is one of the richest families globally, with a combined net worth of $235 billion.
Walmart issues dividends each year, and Alice, Rob, Christy, and Jim, split roughly $3.2 billion.
If we calculate that’s about $800 million in cash for each person every freaking year.
The cash from dividends is deposited directly in their respective bank accounts.
Out of the total income of Walton’s, 81% comes from their Walmart holdings, and the remaining 19% comes from dividend payments, stock sales, and several other personal investments and businesses.
The Walton’s have doubled their net worth since 2007.
Today the Walmart has over 12,000 stores and clubs under 48 banners in 28 countries. Similarly, Walmart is the biggest private employer globally, with 2.3 million employees and nearly 1.6 million in the US alone.
Net Worth of Jim Walton in Different Currencies
Let’s have a look into Jim Waltons’s net worth in different currencies as of November, 2023
|Pound Sterling||£ 47,004,750,000|
|Australian Dollar||A$ 88,000,770,000|
|Canadian Dollar||C$ 81,530,475,000|
|Indian Rupee||₹ 4,827,982,250,000.00|
Houses and cars
Dodge Dakota pickup
Jim Walton, the heir of the Walmart Empire, drives a rather interesting pickup truck, Dodge Dakota. The base model price for the truck starts from just $28,845.
It is a complete irony how people think billionaires drive only exotic cars.
The truck comes equipped with a 4.7-liter V8 engine that produces 230 brake horsepower and 295-pound feet of torque.
It has a 4-speed automatic transmission. The truck can reach the top speed of 231 km per hour.
Unfortunately, the information about Jim’s house is not available, but we do know that he resides in Bentonville, Arkansas. Arkansas is the first place that Sam Walton opened the first store of Walmart.
In comparison to his two siblings, Jim lives a rather modest life.
Rob purchased a house near the base of Camelback Mountain and has a fleet of classic cars. On the other hand, Alice has a private art collection worth more than $500 million.
She established a museum called Crystal Bridges in 2011 to feature some of her best art pieces.
Charity donations are growing in frequency. The amount is the center of the debate over how the richest Americans can best use their wealth to address income discrimination and other economic inequities.
In recent times, a group counting George Soros and Abigail Disney called for a wealth tax to help make capital available to combat weather change and public well-being initiatives.
The son of Walmart founder Sam Walton Jim Walton donated $1.2 billion of the retailer’s stock in 2019.
Jim made the donation of his 11.2 million shares of Walmart on June 27.
On the other hand, his elder brother Rob Walton donated his 135,000 shares worth $15 million just the day before.
The recipient was not disclosed, but the Walton family members regularly donate to the Walton Family Foundations. The main causes of the foundation include Environment and Educations.
The foundation had assets of more than $4.9 billion at the end of 2017 and was awarded more than $594 million in grants n 2018.
The Walton Family Foundation has helped K-12 education, economic growth, and environmental expansion in the locality.
Furthermore, the foundation provides 60 different venture types for children, including the social, economic, and racial framework, and awards the scholarship to 7-17.
Businesses and Investments
Founded on July 2, 1962, Walmart opened its first store located in Rogers, Arkansas, and was not even called Walmart before. It was called Wal-Mart Discount City Store.
Sam Walton founded it; as we already know, he was a farmer, a mortgage salesman, and JC penny trainee. He famously drove an old and weary pick-up truck up unit the day he died.
He had a net worth of almost $20 million when he died.
At the time of his death on April 5th, 1992, he was 72 years of age, Sam Walton left his share in the company to his beloved wife Helen and four children.
Today four of Walton own below 50% of the stake in Walmart.
Jim Walton is chairman and chief executive officer CEO of Arvest Bank Group.
Arvest Bank Group is a Walton-owned district bank that functions more than 260 banks in more than 100 communities throughout Arkansas, Missouri, and Oklahoma.
Moreover, it had assets exceeding $20 billion as of Jan. 13, 2021, and was the biggest bank in Arkansas by deposits.
It is also one of the largest banks in Oklahoma by branch.
Throughout the economic recession of the late 2010s, ‘Arvest’ declined 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.
The Community Publishers, of which Walton is also chairman and also a board member, prints newspapers in the three states, including Missouri, Oklahoma, and Arkansas.
Arvest Bank was initially the Bank of Bentonville, Arkansas, before the Walton family acquired it in 1961.
Arvest expanded by acquiring a small bank in 1963, the Bank of Pea Ridge, and another in 1975, First National Bank & Trust Company.
The company began expanding more quickly, starting in 1984.
In 2013, Arvest purchased 29 Bank of America locations in the region. Arvest has repetitively won customer satisfaction awards from J.D. Power and Associates.
Walton replaces his deceased brother on September 20, 2005, and joined the Wal-Mart Board of Directors.
He currently serves on the strategic planning and finance committees.
Similarly, he also served as the CEO of his family-owned Arvest Bank until becoming the bank chairman. Likewise, he is also the chairman of the newspaper firm Community Publishers Inc.
After purchasing the local newspaper, the Benton County Daily, the newspaper inc was also founded by his father, Sam Walton. Both of the newspaper operates in Arkansas, Missouri, and Oklahoma.
Jim guaranteed to donate $2 billion to the family’s charitable foundation, the Walton Family Foundation.
In the September of 2016, Jim Walton had over 152 million Walmart shares, equal to over $11 billion.
But he has donated a considerable amount to the family’s foundation as he pledged to give out $2 billion.
Jim Walton is married to Lynne McNabb Walton, and the couple has four children together. The youngest, Walton, is a shy individual and does not like to be in the spotlight.
Even though he does not directly link to politics or whatsoever, he has been known as a supporter of the White Supremacist politicians.
Facts About Jim Walton
- The four Walton inheritors control more wealth than 42% of American families pooled.
- The four Walton’s combined net worth has more than doubled since 2007.
- The Walton family has donated approximately 2% of their fortune to the charity to date.
- Jim Walton is the wealthiest person in Arkansan, and so is his sister Alice Walton in Texas and his sister Christy Walton in Wyoming, and Rob Walton is the second richest man in Arkansas.
- Each of the four Walton’s earns about $2.2 million in a day without even having to lift their fingers.
How much does Jim Walton make in an hour?
If we approximate the pay, Jim Walton earns about $350,000 every hour.
Who is the richest Walton?
It is unknown which Walton actually worth’s more, but we speculate it should be Jim Walton with a net worth of $65 billion.