American billionaire Jim Walton has an estimated net worth of $34.6 billion as of 2017, according to Forbes. Born in Newport, Arkansas on June 7, 1948. He is the third child of Sam Walton, the founder of world’s largest retailer Wal-Mart, with siblings Rob Walton, Alice Walton, and John Walton who died in 2005. Jim graduated from Bentonville High School in 1965 where he was president of his junior class, played football at all-state level and also learned to fly plane. He went on to earn a bachelor’s degree in Business Administration (BA) Marketing from the University of Arkansas in 1971, where he was also a member of the Lambda Chi Alpha fraternity.
Before joining the family owned Walton Enterprises as president in 1975, he had served in Wal-Mart’s real estate dealings for four years. He then replaced his late brother, John, on the Wal-Mart Board of Directors on September 28, 2005. He is currently on the Strategic Planning and Finance committees, and is the CEO of his family owned Arvest Bank and chairman of newspaper firm Community Publishers Inc. (CPI). He has pledged about $2 billion to the Walton Family Foundation along with his siblings from 2008 to 2013. Jim Walton, ranked at #9 on the 2015 Forbes list of billionaires. Jim is married to Lynne McNabb, the couple has four children.