Business Insider
Mon, 28 Jan 2013 10:45:00 GMT | By Julie Zeveloff and Gus Lubin, Business Insider
15 billionaires who live frugally

Jim C. Walton, Walmart heir and chair of Arvest Bank



The Walton siblings, from left, Alice Walton, Jim Walton and Wal-Mart Chairman Rob Walton, the children of the late Wal-Mart Stores Inc. founder Sam Walton, appear on stage during the company's annual shareholder meeting in Fayetteville, Ark., U.S., on June 3, 2011. (© Beth Hall/Bloomberg via Getty Images)
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  • The Walton siblings, from left, Alice Walton, Jim Walton and Wal-Mart Chairman Rob Walton, the children of the late Wal-Mart Stores Inc. founder Sam Walton, appear on stage during the company's annual shareholder meeting in Fayetteville, Ark., U.S., on June 3, 2011. (© Beth Hall/Bloomberg via Getty Images)
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Jim C. Walton, Walmart heir and chair of Arvest Bank

Net worth: $19.2 billion

Walton may belong to one of the wealthiest families in the world, but he has followed in the frugal footsteps of his father, Walmart founder Sam Walton.

The youngest and most private of the Walton siblings, Jim still resides in Bentonville, Ark., where he runs the family's personal wealth management company from the upstairs office of "a plain old brick building" in downtown Bentonville.

In 2007, it was reported that Walton drove a 15-year-old Dodge Dakota.

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