In this success post, we are going to share the story of James “Jim” Carr Walton, an heir to the fortune of Walmart, the world’s largest retailer. Walton is the youngest son of Sam Walton, and their daily is known for being one of the wealthiest families of the world.
As of 2020, Jim Walton’s net worth is around $45 billion dollars, which makes him one of the richest people across the globe.
Jim Walton Early Life
James “Jim Carr Walton was born on the 7th of June 1948, in Newport, Arkansas. Walton is the third child of Walmart co-founder Sam Walton and Helen Walton, with siblings John, Alice, and Rob Walton.
After Jim attended Bentonville High School in the year 1965, he learned how to play football and also how to fly a plane.
Walton received a Bachelors’ degree in Business Administration in Marketing from the University of Arkansas in Fayetteville, Arkansas.
Jim Walton Career
In the year 2005, Walton replaced his brother, John, on the Walmart Board of Directors.
Jim is now on the strategic planning and finance committees, and he was the CEO of his family-owned Arvest Bank until he became the Chairman of Arvest bank. Walton is also the Chairman of the newspaper firm Community Publishers Inc.
CPI was founded by Sam Walton after acquiring the local newspaper the Benton County Daily Record, but today CPI is owned by Jim Walton himself. He has pledged around $2 billion to the Walton Family Foundation, along with his siblings from 2008 to 2013.
In the year 2015, The Baton Rouge Advocate in the capital city of Baton Rouge, Louisiana, reported that PAC- Empower Louisiana had allocated $818000 to candidates running for the Louisiana Board of Elementary and Secondary Education who supports the Common Core State Standard Initiatives.
Walmart shares in September 2016, Walton was reported to own around 152 million worth over $11 billion.
As of 2020, Jim Walton’s net worth is estimated to be roughly $45 billion dollars.
Jim Walton Family & Personal Life
Jim Walton is married to Lynne McNabb Walton, and the couple has four children together. Jim, as of now, lives with his family in Bentonville, Arkansas.
Jim is a shy individual and does not like to be in the limelight.
He does not have any direct connection with politics, but he has been known as the supporter of the White Supremacist politicians, such as Jason Rapert.
3 Entrepreneur Lessons from Jim Walton
Now that you know all about Jim Walton’s net worth and how he achieved success. Now let us have a look at some of the best entrepreneur lessons we can learn from the Jim Walton:
1. Don’t be satisfied with just receiving from others
Most of us live in a country where we can receive benefits from the government – like unemployment, disability, and welfare- if we need them.
2. Don’t forget where you came from
Although some folks think that Walmart dices local businesses into bankruptcy, the fact is that the company advocates a culture of caring about small-town America.
Jim company CPI gives back small communities in the Midwest, Arvest Bank offers business and mortgage loans that help small-town folks move forward, and Walmart itself offers products, food, and even tax advice at reasonable prices.
The fact is that Jim Walton has not forgotten his small-town roots. With all his success, he sincerely gives back to the communities that helped to make his family a household name.
3. Diversify your income
It is so much interesting to see that Jim chosen to spend his days working hard. Moreover, he makes a decent amount of money from the annual dividends produced by his Walmart Stocks; he does not put all of his eggs in the one Walmart basket – he has instead diversified his income.
Also Read: Mark Zuckerberg Biography: Success Story of Facebook Co-founder
