Jim Walton a philanthropist, policy advocate and conservationist, He also serves as the board of directors of the Walton Family Foundation.
Celebrating his 71th birthday this year, Jim Carr Walton is the 16th richest person in the world with a net worth of 45 billion dollars. His journey towards success serves as a motivation for several entrepreneurs.
Hailing from a family associated with a business Jim never thought of being a part of it but was compelled to join it after his father’s and brother’s death as he was the only surviving heir. During his years in school Jim had always been an impressive student, serving as his junior class’ president. He received a bachelor’s degree in Business Administration and Marketing from University of Arkansas.
After the death of his brother, Jim took over as the director of Walmart. He also joined Arvest Bank, a part of Walmart corporation, as its CEO and worked upon its expansion. He is the owner of CPI which was founded by his father Sam Walton. Jim is reported to own more than 152 million Walmart shares.
There are two Entrepreneur Lessons which one should learn from Jim Walton-
- Never be satisfied with what you are given by others- Many of us are happy to live our lives out of the help that we receive from our families and friends, however, one should be like Jim Walton who didn’t just accept his family’s fortune but raised it to great heights.
- Diversification of income- Though Jim makes a hefty amount from his stocks at Walmart, he has chosen to diversify his income into other places. This step has always pushed Walton up the ladder of success.
Following are some quotes by Jim Walton –
“Technology has saved us money in some circumstances, but it has really afforded us the ability to cover stories from locations we might not have been able to in the past”
“At CNN, our view is that good journalism equals good business.”
“During the war, in which several of our embedded correspondents were able to report from moving vehicles crossing the Iraqi desert, the use of technology made news gathering safer.”
Jim Walton is one of the most inspiring business men to have proven their worth.
