As a representative of WorldOfCEOs, we delve into Jim Walton net worth for 2024. This deep dive explores his wealth, family contributions, and financial overview. Join us for more!
Quick Facts
| FACT | DETAIL |
| Real Name | James Carr Walton |
| Popular Name | Jim Walton |
| Gender | Male |
| Birth Date | June 7, 1948 |
| Age | 76 years old |
| Parents | Sam Walton, Helen Walton |
| Siblings | Alice Walton, Rob Walton, John Walton (deceased) |
| Birthplace | Newport, Arkansas |
| Nationality | American |
| Ethnicity | Caucasian |
| Education | University of Arkansas |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Lynne McNabb Walton |
| Children | 4 (Alice Anne, Thomas, Steuart, James) |
| Dating | N/A |
| Net Worth | $84.7 billion |
| Source of Wealth | Walmart, Arvest Bank |
| Height | N/A |
What is the Net Worth Of Jim Walton 2024?
According to public sources like Forbes & others, Jim Walton’s net worth is estimated at around $84.7 billion as of 2024, making him one of the wealthiest individuals globally. He holds a significant position among other notable billionaires such as:
- Alice Walton ($77.7 billion).
- Lukas Walton ($30.2 billion).
- S. Robson Walton ($82.7 billion).
His wealth primarily comes from his vast holdings in Walmart and his influential role in Arvest Bank. This places him in a competitive but commanding position among his family members and other top-tier billionaires.
Jim Walton Finance Overview
Major Assets
Jim Walton’s wealth is heavily tied to Walmart, the world’s largest retailer, where he holds a considerable share through the Walton Family Holdings Trust and Walton Enterprises.
These entities collectively control about 50% of Walmart, with Jim owning nearly 12% of the business. Walmart’s performance, with revenue exceeding $648 billion as of early 2024, significantly boosts his net worth.
In addition to Walmart, Arvest Bank is a critical asset in his portfolio. As the CEO of Arvest Bank, Jim has overseen its growth, making it the largest bank in Arkansas, with assets valued at approximately $24 billion.
His 44% stake in Arvest further enhances his financial standing, reflecting his adept management and strategic foresight.
Family Holdings and Wealth Management
The Walton family manages their vast wealth through Walton Enterprises and the Walton Family Holdings Trust. These entities not only safeguard the family’s financial interests but also play a crucial role in wealth distribution among family members.
Jim Walton’s meticulous management of these holdings ensures sustained growth and stability of the family’s fortune.
Philanthropy and Education
Jim, along with his sister Alice Walton, is a prominent figure in philanthropy, particularly in education. They spearhead a $300 million bond program aimed at supporting charter schools in enhancing their facilities.
This initiative underscores the family’s commitment to giving back to society and fostering educational development.
Historical Milestones
Jim Walton’s financial journey has seen significant milestones. His wealth has grown steadily, impacted by the sustained success of Walmart and strategic investments.
The family’s decision to hold a substantial portion of Walmart’s stock has proven lucrative, resulting in $15 billion in stock sales and dividends over the years.
Impact of Walmart
Walmart’s massive influence on the global retail market directly affects his net worth. The company’s continuous expansion and robust financial performance provide a stable and substantial income stream, solidifying his financial position.
Financial Impact of Arvest Bank
Arvest Bank, under Jim Walton’s leadership, has become a formidable financial institution. The bank’s growth and stability contribute significantly to his wealth, with its book value being a vital part of his overall financial portfolio.
Looking ahead, his wealth is poised to grow, driven by the robust performance of Walmart and Arvest Bank. The family’s strategic investments and philanthropic efforts indicate a positive trajectory for the future.
Social Media Accounts
- Facebook (N/A)
- Twitter (N/A)
- Instagram (N/A)
- YouTube (N/A)
FAQs about Jim Walton
Who is Jim Walton?
He is one of the heirs to the Walmart fortune. He’s the youngest son of Walmart founder Sam Walton and has been involved in the family business for decades, contributing to its success and legacy.
How did Jim Walton make his fortune?
Walton made his fortune primarily through his inheritance and stake in Walmart, the world’s largest retailer. He also has significant investments in various financial institutions and has a hand in media through the family’s ownership of Arvest Bank and Community Publishers Inc.
What is Jim Walton’s role in Walmart?
Although he stepped down from the Walmart board in 2016, he continues to have a significant influence through his large shareholding. He focuses more on banking and community development projects now.
What companies does Jim Walton own?
He is involved in various ventures, including Arvest Bank, a leading bank in the Midwestern United States, and Community Publishers Inc., which operates newspapers and media in several states.
What philanthropic efforts is Jim known for?
He is known for his philanthropy through the Walton Family Foundation. He supports education reform, environmental conservation, and community development projects, contributing millions annually.
Where does Jim Walton live?
Jim resides in Bentonville, Arkansas, the hometown of Walmart. He lives a relatively private life despite his enormous wealth and influence.
What are his interests outside business?
He is known for his interest in philanthropy, education reform, and conservation. He is also involved in community development and supports various local initiatives.
In Summary
Jim Walton’s net worth reflects a combination of strategic investment, robust asset management, and philanthropy. His position as a key figure in both Walmart and Arvest Bank showcases his influence and financial acumen.
For more insights into the finances of the world’s wealthiest individuals, visit worldofceos.com!
