Jim Carr Walton was born in Newport, Arkansas, in 1948. He is married and has four children. He holds a Bachelor of Arts in Science and currently serves in a key executive position at Arvest Bank.
According to Forbes magazine, as of September 2013, his fortune was estimated at $33.8 billion, placing him 14th on the global list of the world’s billionaires.
On September 28, 2005, Jim Walton replaced his brother John Walton on the Board of Directors of Walmart. Today, he is an active member of the company’s Strategic and Financial Planning Committees. He is also the Chairman of Arvest Bank, which is owned by the Walton family, and serves as a Director of Community Publishers Inc.
Walmart is one of the companies that make up the Dow Jones Industrial Average, meaning it is among the 30 largest corporations in the world. It trades on the New York Stock Exchange under the symbol WMT.
Jim Walton, a prominent businessman in the retail industry, is the youngest son of Sam Walton (1918–1992), the founder of Walmart — a chain of department stores that now operates over 7,300 stores worldwide and employs more than 2.1 million people.
An interesting fact about Jim Walton is that, early in his career, he worked at another department store chain, J.C. Penney, back in 1940, earning just $75. Few would have imagined that, years later, he would become one of the most notable names on the global list of billionaires.