Top 19

Jim Walton & family

Chairman And CEO, Arvest Bank Group, Inc.

$77.6B

Jim Walton, the youngest son of Walmart founder Sam Walton, plays a key role in managing Walton Enterprises, which, along with another family holding company, controls approximately half of Walmart, the world's largest retailer. With over 10,500 stores, Walmart reported revenue of $611.3 billion in the year ending Jan. 31, 2023.

As chairman of Arvest Bank, Jim oversees a financial institution with assets exceeding $20 billion. While he previously served on Walmart's board for over a decade, he relinquished his seat to his son, Steuart, in June 2016. Alongside other heirs of Sam Walton, Jim collectively owns about half of Walmart's stock.

In addition to his Walmart involvement, Jim Walton holds a significant 44% stake in Arvest Bank, further solidifying his influence in the Arkansas banking sector. Over the years, he has accrued more than $15 billion from stock sales and dividends, demonstrating his financial acumen and strategic investments.