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.

Jim Walton, the youngest son of retail pioneer Sam Walton, inherited a legacy of innovation and success. Following in his father's footsteps, Jim joined Walmart in the early 1970s, initially managing real estate transactions. However, his influence quickly expanded as he assumed leadership of Walton Enterprises, overseeing diverse holdings, notably the transformation of the Bank of Bentonville into the formidable Arvest Bank.

Under Jim's guidance, Arvest Bank flourished, becoming the largest in the state with assets totaling $24 billion. Beyond banking, Jim's entrepreneurial spirit led him to diversify the family's portfolio, exemplified by his ownership of Community Publishers, a media conglomerate operating newspapers across Arkansas, Missouri, and Oklahoma.

Jim's commitment to Walmart extended beyond familial ties. Joining the board after his brother's passing in 2005, he contributed to the company's strategic direction until 2016. His tenure coincided with Walmart's global expansion and technological advancements, underscoring his dedication to sustaining his father's vision of accessible, affordable retail.

As a steward of the Walmart legacy and a visionary in his own right, Jim Walton's contributions to business and community development underscore his profound impact on the retail landscape and beyond.

Arvest Bank stands as a beacon of financial stability and community support, tracing its roots to the vision of Jim Walton. With a commitment to customer service and innovation, Arvest Bank provides a comprehensive suite of banking solutions tailored to meet the diverse needs of individuals, businesses, and communities including Arvest banking, arvest online banking, arvest bank mortgage loans, arvest home loans and arvest bank credit card. Beyond banking, Arvest Bank embodies a culture of philanthropy, actively investing in the communities it serves, thus cementing its status as a trusted financial partner and community advocate.