Do You Know How Much Is The Net Worth Of Walmart Heir Jim Walton?
Jim Walton is an American billionaire who is an heir to the fortune of Walmart and currently owns a net worth of $60.9 billion, as of May 4, 2022, & is considered 8th richest person in the world.
He owned $56.1 billion in 2022 & ranked #10 in Forbes 400 2019.
Walton was listed as the 16th richest person in the world with a net worth of $41.9 billion in March 2018.
Walton is currently on the Strategic Planning and Finance committees replacing his deceased brother John Walton on the Wal-Mart Board of Directors.
Previously, he worked as the CEO of his family-owned Arvest Bank until becoming Chairman of Arvest Bank.
Interesting Fact: Jim Walton’s net worth can buy 950 million barrels of crude oil, 40.9 million troy ounces of gold, 3.28% of U.S. existing home sales, and 894,240 times the median U.S.A. household income.
Walmart Ventures: Assets & Shares
Walmart is an American multinational retail corporation that operates a chain of discount department and grocery stores. The company was founded by Sam Walton in 1962 which is mainly held by the Walton family.
As per the report of March 2017, the company held 3,292,377,090 outstanding shares.
Here is a list of shares:
43.00% – Walton Enterprises LLC
5.30% – Walton Family Holdings Trust
3.32% – The Vanguard Group, Inc
2.37% -State Street Corporation
1.37% – BlackRock Institutional Trust Company
0.94% – Vanguard Total Stock Market Index Fund
0.77% – BlackRock Fund Advisors
0.71% – Dodge & Cox Inc
0.68% – Vanguard 500 Index Fund
0.65% – Bank of America Corporation
0.57% -Bank of New York Mellon Corporation
0.57% – Northern Trust Corporation
0.55% – Vanguard Institutional Index Fund-Institutional Index Fund
0.55% – State Farm Mutual Automobile Insurance Co
0.52% – SPDR S&P 500 ETF Trust
The company has no limited supply area and serves worldwide. According to the fiscal year report of 2020 (2nd quarter), the company had revenue of $523.964 billion & operating income stood at $20.568 billion.
Furthermore, the net revenue recorded $14.881 billion with total equity at $74.669 billion & total assets at $236.495 billion.
Career Journey In Business: How Much Shares He Owns?
Walton began his career right after his graduation as a member of the Lambda Chi Alpha fraternity. Jim joined Walmart and got himself involved in its real estate dealing in 1972.
In 1975, he moved to the family-owned Walton Enterprises as a president after working for about four years in the real estate.
He then replaced his deceased brother John Walton on 28th September 2005 on the Wal-Mart Board of Directors.
Later, Jim joined his family-owned Arvest Bank and worked as the CEO until he was promoted to Chairman of Arvest Bank, Chairman of Newspaper firm Community Publishers Inc. (which he owns but was founded by his father).
He also provides an official Toyota Service Outlet.
In 2016, he was reported to own over $152 million of Walmart’s shares which were worth over $11 billion.
According to Forbes, in June 2019, he gave away $1.2 billion worth in Walmart stock but still is the richest among the Walton family members.
Reportedly, Jim still owns a 44% stake in Arvest Bank- it had $18.445 billion in assets in 2018.
Did you know? The Walmart heirs have a combined fortune of $163.2 billion which worth values more than of Jeff Bezos, Jack Ma, and Bill Gates.
Where Does Jim Walton Reside? Know About His Philanthropic Works
The billionaire resides in Bentonville, Arkansas, along with his family but his exact house, other assets, and property details are not revealed to the public yet. Despite the massive wealth and fame, the Walton family prefers to live a low-key life and rarely talks about their personal details.
Owning a net worth of $52.1 billion, Jim surely pays a hefty sum of money as his tax payment. He surely has him-self backed up with the property, life, health, and assets, insurance done.
As per various reports, Jim donated shares of the retailer’s stock worth $1.2 billion to several charitable organizations. Similarly, his family regularly donates to the Walton Family Foundation which focuses on the environment, K-12 education, and more.
Jim Walton’s Personal Life- Age, Height, Family, and Relationship
Jim was born as James Carr Walton on 7th June 1948 in Newport, Arkansas, the USA to Sam Walton, and Helen Walton. He was raised alongside his siblings Rob Walton, Alice Walton, and John Walton (1946-2005).
He is American and has a white ethnic background. He turned 71 years old recently in June 2019
He went to Bentonville High School and graduated in 1965. He earned his bachelor’s degree in Business Administration in Marketing from the University of Arkansas in 1971.
Marriage, Wife, and Children
Jim is married to Lynne McNabb Walton for a long time. The couple has not disclosed their marriage date yet but is living a happy and blissful life together.
Together they share four children: Alice A. Proietti, Steuart Walton, Thomas L. Walton, and James M. Walton.