Facts of Jim Walton Networth
|Full Name||James Carr Walton|
|Birth Name||James Carr Walton|
|Birth City||Newport, Arkansas|
|Father Name||Sam Walton|
|Mother Name||Helen Walton|
|Spouse||Lynne McNabb Walton|
|No Of Children||4|
|Education||University of Arkansas|
|Date of Birth||June 7,1948|
Do You Know How Much Is The Net Worth Of Walmart Heir Jim Walton Worth?
Jim Walton is an American billionaire who is an heir to the fortune of Walmart and currently owns a net worth of $52.1 billion, as of 2019. He was listed as the 16th richest person in the world with a net worth of $41.9 billion as of 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.
Jim Walton Owns Net Worth Of $52.1 Billion As Of 2019: Shares in Walmart
Walton began his career right after his graduation as a member of the Lambda Chi Alpha fraternity. He then replaced his deceased brother John Walton on 28th September 2005 on the Wal-Mart Board of Directors.
According to various sources, Jim currently enjoys a jaw-dropping amount of $52.1 billion.
In 2016, he was reported to own over $152 million of Walmart’s shares which was worth over $11 billion. The Walmart heirs have a combined fortune of $163.2 billion which is more than Jeff Bezos, Jack Ma, and Bill Gates.
Career Insight: Assets and Shares in Business Ventures
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 of March 2017, the company has 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. As of 2019, Walmart earned $6.67 billion as its net income under $21.957 operating income. Similarly, the company’s total assets is $219.295 billion, total equity is $79.634 billion, and its revenue is $514.405 billion.
Jim joined the 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.
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 provide an official Toyota Service Outlet.
Did You Know? Jim Walton’s net worth of $50.1 billion 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.
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 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 in 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 white ethnic background. He turned 71 years old recently in June.
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 longtime. The couple has not disclosed their marriage date yet but are living a happy and blissful life together.
Together they share four children: Alice A. Proietti, Steuart Walton, Thomas L. Walton, and James M. Walton. Age & Height.