Jim Walton

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Definition of 'Jim Walton'

James Carr Walton (born June 7, 1948) is an American businessman and billionaire. He is the eldest son of Sam Walton, the founder of Walmart, and the brother of Rob Walton, Alice Walton, and Jim Walton.

Walton was born in Newport, Arkansas, the son of Helen Robson and Sam Walton. He attended the University of Arkansas, where he earned a bachelor's degree in business administration in 1971.

After graduating from college, Walton worked for Walmart for several years. In 1975, he founded Arvest Bank, a regional bank based in Arkansas. Walton served as the chairman and CEO of Arvest Bank until 2014, when he retired.

Walton is also a major shareholder in Walmart. He owns approximately 1.5% of the company's stock, which is worth over $40 billion.

Walton is a philanthropist. He has donated millions of dollars to various charities, including the University of Arkansas, the Walton Family Foundation, and the Walmart Foundation.

Walton is married to Lynne McNabb Walton. They have three children: Steuart Walton, Alice Walton, and Jim Walton.

In 2018, Walton was ranked as the 16th richest person in the world by Forbes magazine. His net worth was estimated to be $44.6 billion.

Walton is a controversial figure. He has been criticized for his business practices and his political views. However, he is also praised for his philanthropy and his contributions to the economy.

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