Tag: christy walton

Bio of Christy Walton
casino blog
13 January 2011

Christy Walton is the widow of John Walton the Wal-Mart billionaire, When John died on the 27th June 2005 Christy inherited $15.7 billion.  In March of 2009 she was proclaimed the 12th richest person in the Forbes World’s Billionaires with a net worth of 17.6 billion.  Christy and her son, Lukas, currently live in Jackson, Wyoming.

The death of John Walton was unexpected as he flew and experimental ultra light aircraft from Jackson Hole Airport in Grand Teton National Park.  The aircraft experienced complications soon after takeoff and John crashed to his death at the age of 58 years.  Flying was a huge passion of Johns’ and he spent many hours in the air trying out different aircraft designs.

John also inherited the business of Wal-Mart from his father Sam Walton who opened his first variety store at the age of 26 after leaving the armed forces.  The first store was a franchise of the Butler Brother Chain for which he loaned $20,000 from his father-in-law to buy.  Sam’s store soon became the leader in the franchise because of the methods he used to secure saving for the customers.  It only took 4 years for Sam to quadruple the turnover of this small store with a net of $250,000 a year in 1950; this was the beginning of his legacy and the Wal-Mart Supermarket chain.

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