The youngest son of Wal-Mart founder Sam Walton heads the family's private
businesses, including Arvest Bank and Community Publisher. With his two surviving siblings and the estates of his late mother and brother, Sam Walton's heirs control a stake that now stands at about 47 percent. Jim Walton owns almost 347 million shares.
Jim C. Walton News
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Since the Academy of New Media Middle School in Columbus, Ohio, opened in 2011, it has scraped by, with its principal cleaning toilets and a math teacher pressed into service as school nurse. Only $250,000 in gifts from the Walton Family Foundation keeps the 85-student charter school alive.
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In 2003, Luis Amaral bought Eurocash SA, a Warsaw-based grocery business, for 120 million Polish zlotys ($30 million). The operation was losing money. Competitors were taking market share. Its owner, Jeronimo Martins SGPS SA, the Lisbon-based retail operation controlled by billionaire Alexandre Soares Dos Santos, wanted nothing to do with it.
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The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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CNN President Jim Walton, who presided over the once-dominant cable-news business as it lost viewers to Fox News, will resign after almost a decade in the job, saying the network needs “new thinking.”
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Jeff Zucker, former chief executive officer of NBC Universal, is close to taking the top job at Time Warner Inc.’s Cable News Network, three people with knowledge of the situation said.
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Jeff Zucker, the former NBC Universal chief who was named to lead Time Warner Inc.’s CNN yesterday, said the network needs to broaden its news coverage and keep viewers longer to compete with Fox News and MSNBC.
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Amazon.com Inc. Chief Executive Officer Jeff Bezos saw his fortune rise by $2.72 billion yesterday to $21.2 billion, highlighting a week in which the world’s 40 richest people added $5.4 billion to their collective wealth.
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Time Warner Inc.’s CNN named Jeff Zucker as its next president, turning to the former head of NBC Universal to lead a comeback bid at the global news network.
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CNN, the 24-hour cable news channel owned by Time Warner Inc. , is replacing Jon Klein as head of the U.S. network with HLN’s Ken Jautz after losing viewers to competitors such as Fox News.
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