Jim Walton: Walmart Heir and Board Member
Business Owner · Retail & E-commerce
Jim Walton, the youngest son of Sam Walton, joined Walmart in 1972, ran Walton Enterprises from 1975 and joined Walmart's board in 2005; Forbes estimates his net worth at $142.4 billion.
About Jim Walton: Walmart Heir and Board Member
James Carr "Jim" Walton (born June 7, 1948, in Newport, Arkansas) is an American businessman and an heir to the fortune of Walmart, the world's largest retailer. As of February 2026 he is the 12th-richest person in the world, with a net worth of US$142.4 billion according to Forbes. He is the youngest son of Walmart co-founder Sam Walton and Helen Walton, with siblings Rob, Alice and John, who died in 2005. Walton graduated from Bentonville High School in 1965, where he was president of his junior class, played football at all-state level and learned to fly a plane. He received a bachelor's degree in business administration in marketing from the University of Arkansas in 1971, where he belonged to Lambda Chi Alpha. In 1972 he joined Walmart, working on its real-estate dealings, and after four years moved to the family-owned Walton Enterprises as president in 1975. On September 28, 2005 he replaced his deceased brother John on the Wal-Mart Board of Directors. Sources: English Wikipedia (Jim Walton, accessed September 2026).
Basic Information
Chairman, Arvest Bank Group; Walmart heir and director
Company Details
Walmart / Arvest Bank Group / Walton Enterprises
Retail, Banking
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