Bio of Christy Walton
13 January 2011
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.
Although Christy inherited her wealth from her late husband John she certainly was not shy of giving a few million away her and there. She was always active in different non-profit organizations and donated well to their causes, and still financially supports the Walton Family Charitable Support Foundation. This foundation has been responsible for massive donations in the education sector such as, $300 million to the University of Arkansas and an estimated 1.6 billion overall.
Between 2002 and 2006 Christy donated around $3.5 million to her own personal involvements such as; The National Association of Trustees and Staff, Corporate Giving Officers and the Philanthropy Roundtable. Her generosity lead to her being the highest ranked female philanthropist and she continues to give charitably today.
Christy Walton’s benevolence did not stop with education; she is a board member of The San Diego Natural History Museum, The San Diego Zoological Society and The Mingei International Museum which have all been recipients of her generosity. Christy is an avid fan of supporting her charities and spends much of her spare time doing just that, since her husband’s death she has become more involved in her own personal charitable projects.
Before John’s death their charity went as far as to present their own Victorian home as a gift to the International Community Foundation (ICF). The building was built in 1896 for a former National City postmaster and was fully renovated in 1989. The Walton’s gave the home to ICF along with a $4 million endowment to help overseas donors with interests in community based health care, education and environment. Christy remains a share holder of the Wal-Mart chain and First Solar, another project that her husband invested in.
Tags: forbes, christy walton, john walton, sam walton, wal-mart, billionaires,
Posted In: Biographies, Famous People,
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gladstone D. Bucknor - 06 September 2012
|"nice to know that they still have people who cares."|
|"Wonderful to see this love for helping others! We try to do the same on a much, much smaller scale. "|
|"Quite an interesting charactor the Waton family, would like to be part their charity work."|
|"The last sentence should begin "They" do not detract if we're getting technical!!!"|
|"I am a huge fan of the Walton family, and was not familiar with Christy. I am also a fan of English, and who ever wrote this story made a couple of glaring, though inconsequential errors. First is the fact that Sam borrowed money from his inlaws (not loaned), and it should be "an", experimental aircraft", not and experimental aircraft. The do not detract from the story, but do detract from the author. Sam and Bud are my heros, and Helen as well."|
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