James Carr Walton (born June 7, 1948) is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer. As of October 2022, Walton was the seventeenth-richest person in the world, with a net worth of US61billionaccordingtoBloombergBillionairesIndex.HeistheyoungestsonofSamWalton.JimWaltonwasborninNewport,JacksonCounty,Arkansas,thethirdchildofWalmartco−founderSamWalton(1918–1992)andHelenWalton(1919–2007),withsiblingsRobWalton,AliceWalton,andJohnWalton(1946–2005).AftergraduatingfromBentonvilleHighSchoolin1965wherehewaspresidentofhisjuniorclass,playedfootballatall−statelevelandalsolearnedtoflyaplane,Waltonreceivedabachelor′sdegreeinBusinessAdministrationinMarketingfromtheUniversityofArkansasinFayetteville,Arkansasin1971,wherehewasalsoamemberoftheLambdaChiAlphafraternity.In1972,hejoinedWalmartandwasinvolvedinitsreal−estatedealings.Afterservingforfouryears,hemovedtothefamilyownedWaltonEnterprisesaspresidentin1975.OnSeptember28,2005,Waltonreplacedhisdeceasedbrother,John,ontheWal−MartBoardofDirectors.HeiscurrentlyontheStrategicPlanningandFinancecommittees.HewasCEOofhisfamilyownedArvestBank,untilbecomingChairmanofArvestBank,andchairmanofnewspaperfirmCommunityPublishersInc.(CPI)ownedbyJimWaltonhimself(butfoundedbyhisfatherSamWaltonafteracquiringthelocalnewspapertheBentonCountyDailyRecord,bothoperatinginArkansas,Missouri,andOklahoma).Hehaspledgedabout2 billion to the Walton Family Foundation along with his siblings from 2008 to 2013.
In September 2016, Walton was reported to own over 152 million of Walmart shares worth over $11 billion (US).
He and his wife, Lynne McNabb Walton, have four children: Alice A. Proietti (born November 1979), Steuart Walton (born April 1981), Thomas L. Walton (born September 1983), and James M. Walton (born August 1987).
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