James Carr Walton[1] (born June 7, 1948)[4] is an American businessman, currently an heir to the fortune of Walmart, the world's largest retailer.[5] As of November 2023, Walton was the 15th-richest person in the world, with a net worth of US$73 billion according to Bloomberg Billionaires Index.[6] He is the youngest son of Sam Walton.
On September 28, 2005, Walton replaced his deceased brother, John, on the Wal-Mart Board of Directors.[2] He is currently on the Strategic Planning and Finance committees.[9] He was CEO of his family owned Arvest Bank, until becoming Chairman of Arvest Bank, and chairman of newspaper firm Community Publishers Inc. (CPI) owned by Jim Walton himself (but founded by his father Sam Walton after acquiring the local newspaper the Benton County Daily Record, both operating in Arkansas, Missouri, and Oklahoma[10][12]). He has pledged about $2 billion to the Walton Family Foundation along with his siblings from 2008 to 2013.[3][13]
In September 2016, Walton was reported to own over 152 million of Walmart shares worth over $11 billion (US).[14]
He and his wife, Lynne McNabb Walton, have four children: Alice A. "Annie" Proietti (born November 1979),[15][16]Steuart Walton (born April 1981), Thomas Layton "Tom" Walton (born September 1983), and James M. Walton (born August 1987). The family resides in Bentonville, Arkansas.[9]
In 2014, he was ranked at #10 on the Forbes list of billionaires with a net worth of $34.7 billion that has increased by $3 billion.[7] On the 2013 Forbes 400 list of the richest people in America he is ranked at #7.[17] As of March 2019, he was ranked as the 16th-richest person in the world, with an estimated net worth of $45.7 billion.[18]
