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2015 Forbes Billionaires List - #9 Jim Walton |
Real Time Net Worth As of 3/18/15 = $39.3 Billion
2015 Billionaires Net Worth = $40.6 Billion
Chairman and CEO, Arvest Bank Group, Inc.
Age = 67
Source Of Wealth = Wal-Mart
Self-Made Score = 2
Residence = Bentonville, AR
Citizenship = United States
Marital Status = Married
Children = 4
Education = Bachelor of Arts / Science, University of Arkansas
Jim Walton, a board member of Wal-Mart, is the youngest child of the superstore's legendary founder Sam Walton.
The company generated $473 billion in 2014 revenues from with more than 11,000 stores in 27 countries.
In February 2015, Wal-Mart announced it would raise its wages in the U.S. to at least $9 an hour in 2015 and at least $10 an hour in 2016.
Labor advocates had called for a jump to $15 an hour.
Outside of Wal-Mart, Jim Walton is chairman and CEO of the family-founded Arvest Bank, which has branches in Arkansas, Kansas, Oklahoma and Missouri.
The bank has assets of nearly $15 billion and had net profits of nearly $130 million in 2013.
Source: Forbes - Billionaires
