DEFINITION of 'Christy Walton'
Christy Walton, born in 1949, is one of the world’s wealthiest people, with an estimated net worth of $37.7 billion as of 2014 revealed in Forbes’ global billionaires list and making her the world’s wealthiest woman. She inherited her wealth from her husband, John Walton, who was the son of Walmart founder Sam Walton.
BREAKING DOWN 'Christy Walton'
Christy Walton’s wealth largely comes from stock she owns in Walmart, which consists of more than 12% of shares outstanding. Her annual income in Walmart dividends alone was $460 million after taxes in 2013, according to Forbes. She also owns millions of shares of solar-panel manufacturer First Solar and a 26% stake in Arkansas’ largest commercial bank, Arvest Bank.
Walton is co-chair of the Children’s Scholarship Fund, an organization that makes private education affordable for low-income children. Her husbanded co-founded the organization in 1998. She also gives to numerous nonprofits including The Philanthropy Roundtable (which her husband belonged to), the San Diego Natural History Museum, the San Diego Zoological Society, the Mingei International Museum and the Walton Family Charitable Support Foundation. Walton produced the film adaptation of Rudolfo Anaya’s book “Bless Me Ultima “ in 2013, for which she received an award from the Imagen Foundation, which promotes employment and positive images of Latinos in television and film.