Jim C .walton

Jim C .walton Born on June 7, 1948, in Newport, Ark., James (Jim) Carr Walton is the third and youngest son of Walmart (NYSE: WMT) founder Sam Walton. The Waltons are the richest family in America, with an estimated net worth of $190.5 billion in 2019.

Jim is chairman and CEO of Arvest Bank Group, Inc., a group of banks working in Arkansas, Kansas, Missouri and Oklahoma. He is also chairman of Community Publishers, Inc., which operates newspapers in Arkansas, Missouri and Oklahoma.

He gave away $1.2 billion in Walmart stock in June 2019, but remains the richest Walton in part thanks to an estimated 44% stake in Arvest Bank. Jim sat on Walmart's board for more than a decade before yielding the seat to his son, Steuart, in the June 2016.

Collectively, he and other heirs of Sam Walton own about half of Walmart's stock. Jim and sister Alice are spearheading a program that will issue $300 million in bonds to help charter schools invest the facilities.