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World’s richest woman Christy Walton tops $US41.7 billion.
Christy Walton owes her fortune to the founders of Walmart (WMT), the Walton family, although she married into the clan. Her husband, John Walton, died in 2005 at the age of 58 when he crashed a small experimental plane he was piloting in Wyoming. John Walton was one of Walmart founder Sam Walton’s four children.
Her fortune is tied to the 12.4 percent stake she inherited from her husband, according to Bloomberg. She also owns a stake in solar-panel manufacturer First Solar (FSLR) and is likely to have more than $5 billion in cash and other investable assets, according to a Bloomberg estimate.
While a private person, Christy Walton in 2013 financed a film called “Bless Me, Ultima,” based on a 1972 novel about a New Mexican boy who is guided by an older healer named Ultima. In an interview, Christy Walton said she was inspired by a near-death experience to make the movie.
While coming under fire for failing to take the Giving Pledge, which is the vow created by Warren Buffet and Bill and Melinda Gates to donate most of one’s wealth to philanthropy, Christy Walton has supported institutions such as the University of Arkansas and The Walton Family Charitable Support Foundation.
Agencies/Canadajournal
Liliane Bettencourt, the principal heiress to the L’Oreal cosmetics fortune, is the second richest woman, the same rank she held a year ago. Bettencourt, 92, is worth an estimated $40.1 billion; she’s not involved in running the company her father founded. Her grandson Jean-Victor Meyers replaced her on the board in 2012. A trial of ten people who allegedly stole hundreds of millions of euros from Bettencourt began in January.
I’m afraid to say anything but, Booooo
She killed a woman whiole driving drunk and never served a day in jail. Couple of years later killewd a tree in a ‘single vehicle accident’ and, again, avoided a DWI / DUI charge. Gosh… do you think it could be about the money?
To the author of this article–Have you given half of your money to a charity yet? When you do, you will be able to criticize others. Until then, you have no right to criticize. So, tell us to whom you donated half of your wealth?
When someone hoards large amounts of money with no intention of giving back to their community, then criticism is necessary. The hands of time haven’t stopped yet… and the Earth is our only home right now. It is essential to preserve life rather than exploit it. Money will not buy anyone’s way out of death, so why not collectively make the world a better place while we are here. NO ONE is free while others are oppressed. That is fact. peace.
What a disgusting family… Sam Walton would be ashamed of his children. They contribute nothing to their father’s own foundation. They made $17B in profits yet cut benefits for part time employees. Pathetic excuse for a family.