Christy Walton Biography
Born in the year 1955, Christy Walton is currently known across the financial world as the richest woman in the world and is featured at rank 10th as the richest person in the world. Mrs. Walton is the widow of John T. Walton, who is better known as the son of Sam Walton, founder of Wal-Mart. As of the year 2012, Christy Walton is estimated to have a net worth of a staggering $25.3 billion, which she inherited after the death of her husband. As per recent reports, Mrs. Walton and family has now accumulated $29.9 billion as the overall fortune, primarily due to her 9% stake in Wal-Mart. Widely acclaimed as the world’s largest retail store chain, Wal-Mart is now the world’s third largest public corporation and the entire Walton family is known to have a collective stake of 48% in Wal-Mart. Besides Wal-Mart, Christy Walton also earns her share of revenue from First Solar, a U.S based manufacturer of thin film photovoltaic (PV) modules and solar panels. Though this company is not owned by the Walton family, yet due to the prior investment made in the firm by the late John T. Walton, Mr. Walton is now reaping the benefits of the same. Overall, the world’s richest woman owns 9% stake in Wal-Mart, along with 29% ownership of First Solar. Mrs. Walton is blessed with a son Lukas and is widely renowned across the globe for her philanthropy activities.
Current Position: N/A
Nationality: United States of America
Residence: Jackson, Wyoming
Source of Wealth: Wal-Mart
Net Worth: $25.3 Billion
Marital Status: Widowed
Christy Walton Philanthropy
Being extremely rich, such as in the case of the previously featured billionaires, tends to bring a new perspective towards the segment of society that is unable to even meet their basic needs of ‘bread and butter’. This is where numerous wealthy individuals step up to the mantle of philanthropy, in an effort to do their own part for the society. Be it Bill Gates, Carlos Slim or Eike Batista, the one factor common among all the billionaires so far is their undivided attention towards those, who are unable to fend for themselves. The same is the billionaire Christy Walton, who is widely renowned as one of the leading women philanthropists in the world. On an annual basis, Mrs. Walton donates a significant amount of her fortune to various charities, while carrying out a plethora of philanthropy activities, via the Walton family charity organization, the Walton Family Charitable Support Foundation. The primary focus of this organization is to promote education, while simultaneously supporting various U.S based benefit colleges, such as the likes of the University of Arkansas and the College of Business Administration of the University of Arkansas. Christy Walton has also been active in the education circle, especially towards better standards of education for various colleges, universities, foundations and community trusts. During 2003 to 2005, Christy Walton is known to have donated a sizeable chunk of her $16.3 billion net worth and was even recognized as highest female philanthropist in the world by Condé Nast Portfolio magazine.
Besides the Walton Family Charitable Support Foundation, Christy Walton is also active in various other philanthropy organizations, such as the likes of The Philanthropy Roundtable. The San Diego Natural History Museum, where she serves as the board member. Furthermore, the richest woman in the world is also know to donate regularly as well as generously to the the San Diego Zoological Society and the Mingei International Museum. One of the most notable donations made by Christy Walton is that of her old Victorian home in the year 2006, which she donated to the International Community Foundation – Center for Cross-Border Philanthropy and has so far already put in more than $4 million towards the preservation and maintenance of the luxury house.