Top 5 Richest People in Arkansas 2020

Top 4 Richest People in Arkansas 2020. Here are the richest and wealthiest individuals in Arkansas. The individual who has the greatest net value in Arkansas is Jim Walton who resides in Bentonville. He is the son of Walmart founder Sam Walton. His elder brother Rob Walton is second with a worth of 51.3 billion. Here are the 5 billionaires who have made their place in the Forbes list of 400 wealthiest Americans.

  1. Jim Walton
  2. S. Robson Walton
  3. Johnelle Hunt
  4. John Tyson
  5. Warren Stephens

Top 4 Richest People in Arkansas 2018

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1. Jim Walton

  • Total worth: $51.6B
  • Age: 70
  • Source: Walmart
  • Bentonville, Arkansas
  • Overall Ranking in the USA: 10

He is the youngest son of Walmart founder Sam Walton. Jim Walton chairs the family’s Arvest Bank, which boasts his assets of over $16 billion. He sat on Walmart’s board for at least a decade prior to yielding the chair to his son, Steuart, at June 2016. Together Jim and other heirs of Sam Walton own roughly half Walmart’s inventory. In January 2018, after the passing of the Congressional tax reform bill, Walmart declared it would raise its minimum wage to $11 an hour.

2. S. Robson Walton

  • Total worth: $51.3B
  • Age: 73
  • Source: Walmart
  • Bentonville, Arkansas
  • Overall Ranking in the USA: 12

Robson is the eldest son of Walmart founder S. Walton. He conducted the merchant for almost 25 years; he took over as chairman upon his father’s passing in 1992. S. Robson Walton retired as chairman in June 2015 and has been replaced with his own son-in-law, Greg Penner. He sits on Walmart’s board. In January 2018, after the passing of the tax reform bill, Walmart declared it would raise its minimum wage to $11 an hour. He along with other heirs of Sam Walton jointly own about half Walmart’s inventory.

3. Johnelle Hunt

  • Total worth: $3B
  • Age: 86
  • Source: trucking, Self Made
  • Fayetteville, Arkansas
  • Overall Ranking in the USA: 287

Back in 1961, Johnelle Hunt along with her late husband, J.B. (d. 2006), offered their house and took out loans to begin a rice hull packing operation. Eight years after, the couple purchased five trucks and seven trailers to establish J.B. Hunt Transport Services. The Lowell, Ark. company went public in 1983 and is currently among the largest transportation businesses in the country, with $7.2 billion in earnings. Hunt, who resigned as a corporate secretary in 2008, stays the firm’s biggest individual shareholder having a 17% stake. In 2014, Hunt has given 6 acres of property to construct the Walton Arts Center’s Walmart Arkansas Music Pavilion, an outdoor amphitheater.

4. John Tyson

  • Total worth: $2.7B
  • Age: 61
  • Source: Food Processing
  • Springdale, Arkansas
  • Overall Ranking in the USA: 319

John Tyson is chief executive of Tyson Foods, the $40 billion processors that slaughters, breeds,  and sells meat &  own grocery stores across America. Tyson Foods popular brands are Hillshire Farms, Jimmy Dean, and Aidells sausages.

5. Warren Stephens

  • Total worth: $2.5B
  • Age: 61
  • Source: investment banking
  • Little Rock, Arkansas
  • Overall Ranking in the USA: 342

Stephens Inc., his Little Rock investment bank, was established by his uncle Witt in 1933; his dad Jackson joined in 1946. The ensemble underwrote Wal-Mart’s public offering in 1970. The brothers plowed their earnings to private equity, hewing to the investment standards, “whim and caprice.” Stephens grew up in the company, became CEO in 1986 and purchased his cousins out in 2006. Stephens marketed his paper holdings, such as the Las Vegas Review-Journal, for $400 million in 2015.

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