He is a board member of Wal-Mart and he is young son of warehouse legendary founder Sam Walton. There are 11,000 marts in 27 countries with revenue of $473 billion in 2014 revenues. Wal-Mart declared in February 2015 that it would increase its pay in the U.S to at least $9 billion for an hour in 2015 and at least $10 an hour in 2016. Labor Advocates had called for raise up to $15 per hour. Apart from Wal-Mart Jim Walton is the CEO of the family founded Arvest Bank, it has branches in Arkansas, Kansas, Oklahoma and Missouri. The Bank has treasure of approximately $15billion and had net income of nearly $130 million in 2013.