James Lawrence "Bud" Walton was born in 1921. He was the younger brother of Sam Walton and cofounder of Wal-Mart.
Bud Walton went to Hickman High School in Columbia, Missouri and to the Wentworth Military Academy in Lexington, Missouri.
During World War II, he served as a Navy pilot. Like his brother Sam, he went subsequently into the retail business working in the Ben Franklin Stores franchise system. His first store was opened in Versailles, Missouri. In 1962, he co-founded with his brother, Wal-Mart. He died on March 21, 1995 in Miami, Florida after surgery for an aneurysm.
Bud Walton had been married to Audrey Walton and they had two daughters, Ann Walton Kroenke, and Nancy Walton Laurie.