Christy Walton

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Christy Walton
Born June 9, 1955[1][2]
Residence Jackson, Wyoming, US
Citizenship American
Known for Walton family fortune, philanthropy
Net worth US$36.3 billion (June 2015)[3]
Spouse(s) John T. Walton (deceased)
Children Lukas Walton(son)
Relatives Sam Walton (Father-in-law), Alice Walton (Sister-in-law)

Christy Ruth Walton (née Christy Ruth Tallant,[1][2] born June 9, 1955) is an American philanthropist. She is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart. After John's death in June 2005, she inherited his fortune of US$18.2 billion.[4]

Philanthropic activity[edit]

Profiled by Condé Nast Portfolio magazine in The Giving Index, she is ranked as the highest female philanthropist according to the amount she gives as a percentage of her wealth. At a then estimated $16.3 billion net worth, she contributed a total of $3.5 million cumulatively between 2002 and 2006.[5]

Non-profit organizations in which Walton is actively serving include the national association of trustees and staff, corporate giving officers, and individual donors of The Philanthropy Roundtable. The San Diego Natural History Museum, where she is a board member, as well as the San Diego Zoological Society and the Mingei International Museum are also institutions to which she makes donations.[5] In 2006, Walton donated her own old Victorian home which was built in 1896 for former National City, California postmaster Oliver Noyes and is of historical significance, to the International Community Foundation - Center for Cross-Border Philanthropy. Since her donation, she has endowed $4 million towards the edifice's preservation.[5]

Additionally, she supports her family's own charitable foundation, the Walton Family Charitable Support Foundation, which prioritizes education and benefits colleges such as the University of Arkansas, the Walton College of Business of the University of Arkansas, and several other colleges, community trusts, universities and foundations. In 2007, her family's foundation donated as much as $1.6 billion.[5]

Variety reported on March 2, 2009[6] that Christy Walton had set up a production company called Tenaja Productions to finance a film adaptation of Bless Me, Ultima, a popular Chicano coming of age novel. Filming wrapped in Santa Fe, New Mexico in late 2010.[7] The film premiered at the Plaza Theatre in El Paso, Texas on September 17, 2012[8] and received a general release in February 2013.[9]

Wealth[edit]

According to Forbes, she is the 6th richest person in the United States, and the 8th richest person in the world, as of March 2015.[2] Forbes reported that she was the richest woman in the world for eight years running, and still held the title in March 2015.[2] As of March 2014, she and her family (not including her two brothers-in-law and a sister-in-law) had an estimated net worth of $36.7 billion,[10] the bulk of which comes from her shares in Walmart, but also from First Solar, in which her husband invested.

Arrest in 1970[edit]

Christy Ruth Tallant was arrested Thanksgiving morning in 1970 following a largescale police raid on a residence in the north end of Palm Springs. She was charged with three violations of the Health & Safety Code. Pleading not guilty. The case was dismissed at the suggestion of the California Supreme Court. [11]

Private Life[edit]

She resides in Jackson, Wyoming, and has one son, Lukas Walton.[12] As of March 2015, Christy Walton was listed as the 8th richest person in the world.[13]

See also[edit]

References[edit]

  1. ^ a b "The World's Billionaires (2013): No. 12 Christy Walton & family". Forbes. September 2013. Retrieved December 1, 2013. Net worth: $35.4 billion 
  2. ^ a b c d "Forbes 400 Richest Americans: No. 6 Christy Walton". Forbes. Retrieved December 1, 2013. 
  3. ^ "Bloomberg Billionaires Index (2013): No. 12 Christy Walton & family". Bloomberg. November 29, 2013. Retrieved December 1, 2013. Net worth: $39.9 billion 
  4. ^ "WalMart heir dies in plane crash". Fox-News. June 2005. Retrieved December 1, 2013. 
  5. ^ a b c d Christy Walton. Faces of Philanthropy, accessed December 15, 2010.
  6. ^ Wal-Mart's Walton books film debut [1] retrieved December 30, 2011
  7. ^ FIND Talent Guide
  8. ^ María Cortés González, "'Bless Me, Ultima' premiere in El Paso is Plaza Theatre's first in 63 years", El Paso Times, September 18, 2012.
  9. ^ Ana Gershanik, "Sarah DiLeo of New Orleans produces first film, 'Bless Me, Ultima,' opening Feb. 22", Times-Picayune, February 21, 2013.
  10. ^ "The World's Richest Women 2014". Forbes. 
  11. ^ http://cdnc.ucr.edu/cgi-bin/cdnc?a=d&d=DS19720218.2.10 Police Raid Hour Too Early! Desert Sun, Volume 45, Number 169, 18 February 1972
  12. ^ "John T. Walton, 58, Donor and Heir to Wal-Mart Fortune, Dies". The New York Times. June 29, 2005. 
  13. ^ "Bloomberg Billionares Index". Bloomberg LP. Retrieved December 1, 2013.