“Jim Walton: The Billionaire Retail Heir”

Overview

Jim Walton is an American billionaire who is the youngest son of Walmart founder Sam Walton. He is currently the chairman and CEO of Arvest Bank Group and the founder of the Children’s Scholarship Fund. As of 2021, he has a net worth of $60.5 billion, making him one of the richest people in the world.

Early Life and Education

Jim Walton was born on June 7, 1948, in Newport, Arkansas, to Sam Walton and Helen Walton. He grew up with his siblings in Bentonville, Arkansas, where his father started the first Walmart store in 1962. Walton attended Bentonville High School and later graduated from the University of Arkansas with a degree in business administration. After college, he served in the Vietnam War as an infantry officer.

Career and Achievements

After his military service, Jim Walton joined Walmart in 1972 as a real estate manager. He later served as the president of Walton Enterprises, a family office that manages the Walton family’s investments, and was a board member of Walmart until 2016. In addition to his work with Walmart, Walton is also the chairman and CEO of Arvest Bank Group, a bank holding company with branches in four states.

In 1998, Jim Walton and his wife founded the Children’s Scholarship Fund, a nonprofit organization that provides scholarships to low-income families to send their children to private schools. The organization has given out over 175,000 scholarships since its inception and is a major supporter of school choice initiatives.

Personal Life

Jim Walton is married to Lynne McNabb Walton, and they have four children. He is known to be a private person and does not give many interviews or make public appearances. In his free time, he enjoys hunting and fishing.

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