Jim Walton Net Worth: Biography, Family, Walmart, House

A business tycoon, Jim Walton is popular, being the youngest son of Sam Walton. He mints a profitable net worth and owns being an heir to one of the world’s largest retail empires successfully. Scroll down to explore more about the wealthy man, his early life, career, personal life, and much more.

What Is Jim Walton’s Net Worth?

Jim Walton’s net worth is around $92.5 billion as of 2024. Jim Walton is one of the wealthiest individuals on the planet. The youngest son of Walmart founder Sam Walton, he owns a significant portion of Walmart, which is the world’s largest retail business.

Net Worth Details

Jim Walton is the son of Walmart founder Sam Walton. The majority of his net worth is derived from his shares in Walmart, but he also has other investments through Arvest Bank (which he chairs) and other ventures. Here’s how his financial empire breaks down:

• Walmart Holdings: Jim Walton has an estimated 13% stake in Walmart, which is worth over $50 billion.
• Arvest Bank: The bank, with assets of more than $26 billion, makes a substantial contribution to his wealth.
• Dividends: It has been shared on social media site Twitter that Jim actually receives billions of dollars every year as his annual dividends from Walmart due to its good performance.

Early Life

Jim Walton was born on June 7, 1948, in Newport, Arkansas. He is the youngest son of Sam and Helen Walton. Jim grew up in the family that owned and started the Walmart Company when his father opened it in 1962. He completed his graduation with a degree in business administration from the University of Arkansas in the year 1971, and then he joined his family business.

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Career

Jim Walton’s professional journey is deeply intertwined with the growth of Walmart and Arvest Bank.

Walmart:

• During his tenure, Walmart grew into the largest retailer in the world and made huge strides in e-commerce.
• In 2016, he announced he would not seek re-election to the board of directors and that his son, Steuart Walton, would replace him.

Arvest Bank:

• Jim is the chairman and CEO of Arvest Bank, a bank owned by the Walton family.
• Under his leadership, the bank has grown to over 200 branches located in Arkansas, Missouri, and Oklahoma.

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Personal Life

Compared to his billionaire peers, Jim Walton lives a relatively private life. He is married to Lynne McNabb Walton, and the couple has four children, including Steuart Walton, who is actively involved in the family’s business empire. Jim is known for his philanthropy; he supports education and community development programs through the Walton Family Foundation.

Real Estate

Jim Walton’s land properties are noteworthy and involve:

• Family Home in Arkansas: An enormous bequest near Walmart’s corporate office in Bentonville, Arkansas.
• Different Properties: He further extended his abundance and power in the housing market by putting resources into private and business land across the US.

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