Jim Walton Net Worth, Money and More
NET WORTH: $ 37.1 BILLION
INTRODUCTION
Jim Walton was born on 7th June in the year 1948 and he is the youngest heir of Sam Walton. Sam Walton is the founder of Wal-Mart which is the world’s largest retailer. He has three siblings, Alice Walton, Rob Walton and John Walton. John died in the year 2005. In the year 1965 Jim did his graduation from Bentonville High School. He was a talented and popular student in his school as in his junior class he was made the president of the class. During his school days he played all state level football matches learned how to fly a plane. In the year 1971 he got his Bachelor’s degree in Business Administration Marketing from University of Arkansas. there he belonged to Lambda Chi Alpha Fraternity. He is the Chairman and CEO of the board of Arvest Bank Group Inc. which has branches in Missouri, Oklahoma, Arkansas and Kansas. There are around 91 branches of Arvest Bank Group Inc.
CAREER AND PERSONAL LIFE
In the year 1971 he joined his father’s business at Wal-Mart. When he joined there he worked in the dealings of real-state for the company. In the year 1975, after working for four years in the real estate dealings department he shifted to the Walton Enterprises. When his brother John died in the year 2005 in a plane crash, Jim replaced him on the Board of Directors. He is currently working in the Strategic Planning and Finance Committees. He is connected to three Board Members in three different institutions in three industries.
Jim Walton is married to Lynne McNabb and the couple has four children, Thomas L. Walton, James M. Walton, Alice A. Proietti and Steuart L. Walton. Jim is the most shy and the quietest children of Sam, he rarely makes public appearances.
HIS MONEY
Being the CEO of the largest retailer store, one can surely expect Jim to have a huge amount of wealth. His net worth is estimated to be around 37.1 billion US dollars. Jim Walton is on the tenth position in the list of the richest person in the world. Wal-Mart has around 73,000 stores around the world having more than two million employees which makes them one of the largest employers in the world. Very less is known about Jim Walton as he does not like to give interviews. He stays with his family in Bentonville, Arkansas. The sales of Wal-Mart are around 405 billion US dollars. Jim is also the Chairman of Community Publishers. Community Publishers is a firm that deals in newspaper and has branches in Missouri, Oklahoma and Arkansas. He has got 300 million US dollars in dividend payouts. He also owns ninety six percent shares of the Arvest Bank. The total assets of Arvest Bank are estimated to be around 14.2 billion US dollars. Jim is the seventh richest person in The United States.
THE WALTON FAMILY
Walton Family is known to be the richest family on the globe. They have the combined wealth of both Bill Gates and Warren Buffet. The wealth is inherited from Sam Walton and Bud Walton who were the founders of Wal-Mart. The three Walton children managed to be on the Forbes 400 lists since years. The total net worth of the family when combined is estimated to be around 150 billion US dollars. The family owns fifty percent shares of the Wal-Mart Stores Inc.
POLITICAL CONTRIBUTIONS
People know Jim Walton not only because he is rich but also because of his copious donations to the politicians. In the year 2006 and 2010 Jim was on the top list of the people who have given money to political parties and candidates in Arkansas. Since 2008 he has made a contribution of around 636,000 US dollars in the federation elections. Out of the amount he donated ninety eight percent was for Republicans. He has made into headlines during 2012 when he contributed 200,000 US dollars to the PAC which is associated to Mitt Romney. In the same year he also contributed 100,000 US dollars to fund the campaign of Jon Huntsman.
COMMUNITY CONNECTIONS
Though Jim has a busy life as he is on the Board of Directors of Wal-Mart but he still takes out time to work in other community works run by the family. He is on the Board of Directors of Walton Family Foundations. He is the member of Arkansas Public School Resource Centre, an organisation which supports school choice and charter schools. He is also one of the Board members in a non profit Organisation called Economics Arkansas which promotes children’s studies and education in the free- market economics. He also worked in the Northwest Arkansas Council. Northwest Arkansas Council is a non profit organisation which works for the regional development of the state.
CONTROVERSY
Making Change, an advocacy Group complained against Jim Walton that he contributed more money to the candidates in the 2008 election cycle than the maximum legal money that can be granted by an individual. The complaint was filed in the year 2012 when “Making Change” group found a evidence while in the year 2012 it was reviewing the donations made to the political parties by the Wal-Mart Stores Inc.
