James Carr Walton, the second son of Walmart founder Sam Walton, is one of the richest men in the world, with a net worth of over $65 billion. He was born on June 7, 1948, in Newport, Arkansas, and grew up in a small town in Missouri.
After graduating from the University of Arkansas with a degree in business administration, James worked briefly for Walmart before leaving to pursue a career in finance. He joined the investment banking firm Stephens Inc., where he worked for several years before returning to Walmart in the early 2000s.
As a member of the Walton family, James has held various positions within the company over the years. He served on Walmart's board of directors from 2005 to 2016 and currently serves on the company's strategic planning and finance committees. He also owns a significant stake in the company through his family's holding company, Walton Enterprises.
James is known for his low profile and private lifestyle, unlike his siblings who are more active in philanthropy and public life. However, he has been involved in various philanthropic efforts over the years, including supporting education and environmental conservation.
In 2015, James and his wife Lynne founded the Walton Family Foundation Home Region Program, which focuses on improving the quality of life in the northwest Arkansas region. The program has invested in areas such as education, healthcare, and economic development.
The Walton Family Foundation Home Region Program is a philanthropic effort founded by James Carr Walton and his wife Lynne in 2015. The program focuses on improving the quality of life in the northwest Arkansas region, which is home to Walmart's headquarters and many of the Walton family members.
The program invests in areas such as education, healthcare, economic development, and quality of life. Its initiatives include supporting early childhood education, expanding access to healthcare, promoting entrepreneurship and job creation, and preserving the region's natural resources.
One of the program's signature initiatives is the Northwest Arkansas Design Excellence Program, which seeks to promote high-quality architecture and design in the region. The program provides grants and technical assistance to developers and designers to help create buildings and public spaces that are beautiful, functional, and sustainable.
The Home Region Program has also invested in the region's arts and culture scene, including supporting the Walton Arts Center and Crystal Bridges Museum of American Art. In addition, the program has provided funding for trail systems and parks, helping to make northwest Arkansas a more attractive place to live, work, and play.
Overall, the Walton Family Foundation Home Region Program reflects the Walton family's commitment to giving back to the communities where they live and work. By investing in education, healthcare, economic development, and quality of life, the program seeks to create a brighter future for northwest Arkansas and its residents.
James is also a collector of classic cars and has been known to participate in vintage car rallies. He is married to Lynne McNabb Walton and they have four children together.
In conclusion, James Carr Walton is one of the world's wealthiest individuals and a member of the Walton family, which founded Walmart. Although he is known for his private lifestyle, he has been involved in various philanthropic efforts and is committed to improving the quality of life in his home region of northwest Arkansas.