Richest Person In Every State

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7. Arkansas : Jim Walton

jim walton

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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.

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