Jim Walton facts for kids
Quick facts for kids
Jim Walton
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Walton in 2011
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James Carr Walton
June 7, 1948 Newport, Arkansas, U.S.
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| Education | University of Arkansas (BS) |
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| Political party | Independent |
| Board member of |
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| Spouse(s) | Lynne McNabb |
| Children | 4 |
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| Family | Walton |
James Carr Walton (born June 7, 1948) is an American businessman. He is known as an heir to the fortune of Walmart, which is the world's largest retail company. As of May 2025, Jim Walton was ranked as the 12th richest person in the world. His net worth was estimated to be about US$114.1 billion. He is the youngest son of Sam Walton, who founded Walmart.
Early Life and Education
Jim Walton was born in Newport, Arkansas. He is the third child of Walmart co-founder Sam Walton and Helen Walton. His siblings are Rob Walton, Alice Walton, and John Walton.
Jim went to Bentonville High School and graduated in 1965. While there, he was president of his junior class. He also played football at an all-state level and learned how to fly a plane. After high school, Jim attended the University of Arkansas in Fayetteville. In 1971, he earned a bachelor's degree in Business Administration with a focus on Marketing.
Career Journey
In 1972, Jim Walton started working at Walmart. He was involved in finding and buying land for new stores. After four years, in 1975, he moved to Walton Enterprises. This is a company owned by his family, and he became its president.
On September 28, 2005, Jim joined the Walmart Board of Directors. He took the place of his brother, John, who had passed away. Jim was also the CEO of Arvest Bank, which is owned by his family. Later, he became the Chairman of Arvest Bank. He is also the chairman of Community Publishers Inc. (CPI), a newspaper company founded by his father, Sam Walton.
Jim Walton and his siblings have given a lot of money to the Walton Family Foundation. This foundation supports many good causes. Between 2008 and 2013, he pledged about $2 billion to the foundation.
Family and Wealth
Jim Walton is married to Lynne McNabb Walton. They have four children: Alice A. "Annie" Proietti, Steuart Walton, Thomas Layton "Tom" Walton, and James M. Walton. The family lives in Bentonville, Arkansas.
Jim Walton is one of the wealthiest people in the world. As of May 2025, his net worth was estimated at $114.1 billion.
See also
In Spanish: Jim Walton para niños
- Walton family
- Walmart
