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Jim Walton
  • Net Worth : $69 Billion
    0.00%
    Real Time Net Worth as of 2024/05/30
  • Wealth Source : Walmart
  • Industry : Fashion & Retail
  • Date of Birth : 1948/06/06
  • Age : 75
  • Gender : Male
  • Citizenship : United States

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Jim Walton
  • Net Worth : $69 Billion
    0.00%
  • Wealth Source : Walmart
  • Industry : Fashion & Retail
  • Date of Birth : 1948/06/06
  • Age : 75
  • Gender : Male
  • Citizenship : United States

Jim Walton Net Worth 2024

Year Net Worth

Jim Walton’s net worth and wealth accumulation is an interesting topic. He has been able to hold up his family legacy and tradition. This has earned him a place on the world’s wealthiest list.

Jim Walton’s net worth and financial portfolio have earned him a spot on Forbes’s list of the 20 wealthiest people in the world; he currently occupies number 19. Jim’s net worth stands at $58.8 billion.

This is no surprise since he is an heir to the fortunes of Walmart, the world’s largest retailer. Jim is the youngest son of Sam Walton, the founder of Walmart.

In this article, you will learn the details regarding Jim Walton’s net worth, family, and businesses.

Who is Jim Walton?

Jim was born on the 7th of June 1948, in Newport, Arkansas, into a family of six. He is the youngest son of Sam Walton, the founder of Walmart.

Jim’s childhood was heavily influenced by his father, who worked relentlessly to increase profits at several stores where he worked before he finally started Walmart in 1962.

After graduating high school in 1965, Jim enrolled at the University of Arkansas. He enrolled in a marketing program and earned a bachelor’s degree in business administration in 1971.

After graduation, Jim got a piloting license and travelled before joining Walmart’s real estate arm in 1972. In 1975, Jim moved to Walton Enterprise, the family’s holding company. Here, he served as president and was also involved in other businesses owned by the Waltons.

Jim joined Walmert’s board of directors in 2005, replacing his deceased elder brother, John Walton. Jim is married to Lynn McNabb Walton, and they have four children: Alice Walton, Steuart Walton, Thomas Walton, and James Walton.

jim walton net worth - comparewise

What is Jim Walton’s net worth?

The success of Jim Walton is inspiring. His discipline and work ethic should be emulated. What is Jim’s net worth, and how is it calculated?

Jim Walton’s net worth currently stands at $58.8 billion. This gives him position 19 on the Forbes list of the wealthiest people in the world. Below are two of Jim Walton’s primary career focuses and the figures that are being generated from both firms:

  • Arvest Bank is a Walton family business where he is chairman and CEO. The bank has over 260 established physical locations across Missouri, Arkansas, and Oklahoma. Arvest Bank has grown substantially, acquiring several small banks, including 29 branches of the Bank of America. Jim Walton has earned over $10 Billion from stock sales and dividends of Arvest Bank. The Arvest Bank is worth over $26 Billion.
  • Walmart: Jim Walton and his brother and sister own over half of Walmart’s shares. Walmart generates nearly $600 billion annually, operating more than 11,000 stores globally.

To calculate net worth, you add all of one’s assets and subtract liabilities. Jim Walton’s net worth is not much of a surprise.

Conclusion

Jim Walton is still working hard to sustain his family’s legacy and build a large business empire in the family name.

The family businesses have experienced rapid growth and expansion under his watch and leadership, putting the crazy figures together. Jim Walton’s net worth reflects his hard work and determination.

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FAQs about Jim Walton’s Net Worth

Who are the wealthiest family in the world?

The Waltons are the wealthiest family in the world, with a combined worth of $224.5 Billion. This is because they own more than half the shares at Walmart.

Who owns Walmart?

Walmart was founded by the late Sam Walton in 1962. His family currently owns more than half the shares in the company.

Who owns Arvest Bank?

Arvest Bank is owned by the Walton family and is headed by Jim Walton, the chairman and CEO.

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December 29, 2023
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