Jim Walton Net Worth 2023

 Jim Walton Net Worth 2023

Introduction

Jim Walton is an American businessman and the youngest son of Walmart founder Sam Walton. He currently serves as the chairman and CEO of Arvest Bank, one of the largest privately-owned banks in the United States. As of 2023, Jim Walton's net worth is estimated to be $72.1 billion, making him the 7th richest person in the world and the 3rd richest person in the United States.

Early Life and Education

Jim Walton was born on June 7, 1948, in Newport, Arkansas, to Sam Walton and Helen Walton. He grew up in Bentonville, Arkansas, where his father had opened his first Walmart store in 1962. Jim Walton attended Bentonville High School and went on to graduate from the University of Arkansas in 1971 with a degree in business administration.

Career

Jim Walton started his career at Walmart in 1972, where he worked in various roles, including as a vice president of finance and as the senior vice president of corporate affairs. In 1992, he left Walmart to become the chairman and CEO of Arvest Bank, which was founded by his father and is now one of the largest privately-owned banks in the United States. Jim Walton has also served on the board of directors of Walmart since 2005.

In addition to his work at Arvest Bank and Walmart, Jim Walton is also involved in various philanthropic endeavors. He has served as the chairman of the board of directors of the Walton Family Foundation, which focuses on education, the environment, and other causes, since 2015.

Personal Life

Jim Walton is married to Lynne McNabb Walton, and they have four children together. He is known for his low-key lifestyle and avoids the limelight, unlike his siblings. He is an avid pilot and owns several aircraft.

Conclusion

Jim Walton's net worth is a testament to the success of his family's business empire. Despite being the youngest of the Walton siblings, he has made a significant impact on the family's wealth through his work at Arvest Bank and his role on the board of directors of Walmart. With a net worth of $72.1 billion, he is one of the wealthiest people in the world and is likely to continue to be a major player in the world of business and philanthropy for years to come.