Jim Walton

• Real Time Net Worth As of 10/15/15
• $31.7 Billion
• Chairman and CEO, Arvest Bank Group, Inc.

Age

67

Source Of Wealth

Wal-Mart

Self-Made Score

2

Residence

Bentonville, AR

Citizenship

United States

Marital Status

Married

Children

4

Education

Bachelor of Arts / Science, University of Arkansas

Jim Walton is the youngest of Wal-Mart founder Sam Walton's four children. Jim sits on the board of the $486 billion (sales) retailer, which has more than 11,000 stores worldwide. His brother Rob Walton stepped down as chairman of the company in June 2015 after 23 years on the job. The heirs of Sam Walton together own 51% of Wal-Mart's stock through two entities: Walton Enterprises and Walton Family Holdings Trust. Forbes estimates that Jim's stake in Wal-Mart is 12.8%. The stock price fell 15% in the past year, owing in part to a slowdown in key markets like Brazil and China. In February 2015, Wal-Mart announced it would raise its wages in the U.S. to at least $9 an hour in 2015 and at least $10 an hour in 2016. Labor advocates had called for a jump to $15 an hour. Outside of Wal-Mart, Jim Walton is chairman and CEO of the family-founded Arvest Bank, which has branches in Arkansas, Kansas, Oklahoma and Missouri. The bank has assets of nearly $16 billion and had net profits of nearly $105 million in 2014.