Christy Walton

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. 

RELATED TERMS
  1. Jim Walton

    Jim Walton is the third and youngest son of Walmart founder Sam ...
  2. Continuing Care Retirement Community

    A residential facility providing meals, healthcare and social ...
  3. Marissa Mayer

    Marissa Mayer, best known for unexpectedly being named CEO of ...
  4. Billionaire

    An individual who has assets or a net worth of at least one billion ...
  5. Dower

    A common law that entitles a widow to a portion of her husband's ...
  6. Gifting Phase

    The stage in an investor's life where he or she seeks to use ...
Related Articles
  1. Insights

    Sam Walton: Net Worth

    When he passed away in 1992, Walmart founder Sam Walton willed a fortune of more than $100 billion to his heirs. From 1982 through 1988, Forbes named Sam Walton the richest man in the world, ...
  2. Insights

    The Top 4 Walmart Shareholders (WMT)

    Discover how the four largest direct shareholders in Wal-Mart, Inc. are all children of Sam Walton and how smart tax planning enabled it.
  3. Insights

    Sam Walton: Success Story

    In the late 1940s, Sam Walton opened his second Ben Franklin variety store franchise. The first, in Newport, Arkansas, had been a victim of its own success. It had drawn so many customers that ...
  4. Insights

    Sam Walton: Most Influential Quotes

    “Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it's amazing what they can accomplish.” Walton on managing employees. ...
  5. Insights

    Sam Walton: Early Life and Education

    Samuel Moore Walton was born on March 29, 1918 in Kingfisher, Oklahoma. Sam likely gained his strong work ethic by being the first son of a farming family. His father, Thomas Gibson Walton, and ...
  6. Insights

    Sam Walton: Introduction

    Sam Walton was an American retail tycoon and entrepreneur who founded Walmart and Sam's Club big-box discount stores, which have changed the way Americans buy goods, as well as the American landscape ...
  7. Investing

    Sam Walton Biography

    Sam Walton was an American retail tycoon and entrepreneur who founded Walmart and Sam's Club big-box discount stores that have changed the way Americans buy goods, as well as the American business ...
  8. Insights

    Sam Walton: Famous or Infamous

    A history of low prices...and low pay, because Walmart is such a large employer and the Walton family is so wealthy, the company and the family have both faced heavy criticism for the way Walmart ...
  9. Investing

    The CEO Dream Team - Walton, Schwab, Marcus And Blank

    The successes of these three CEOs can be linked back to one common factor: customer service.
  10. Managing Wealth

    The 10 Richest Women In The United States (WMT, AAPL)

    We provide an overview of America's 10 richest women, the sources of their wealth, and their professional and philanthropic activities.
RELATED FAQS
  1. How can my husband inherit a house deed?

    My mother in law wants to know the best way to leave the deed to her house to her son (my husband). Should it be left in ... Read Answer >>
  2. Why is my friend's account drastically losing value?

    A friend recently complained that her one million plus account has lost $100,000 over the last year. Each month she takes ... Read Answer >>
  3. After fully contributing up to allowable limits in a company sponsored 401k, can ...

    My daughter just inherited some life insurance in a lump sum ($50,000). She contributes 25% of her paycheck to a workplace ... Read Answer >>
  4. What is the best way to disburse funds from a trust and how should we handle the ...

    My daughter is a trust beneficiary. The trustees attorney keeps asking her how she wants her money disbursed - cash or account ... Read Answer >>
  5. Can my wife collect spousal benefits while deferring hers?

    I'm 73 and started collecting SS benefits at age 62 1/2, my wife is 63 and not collecting benefits... Read Answer >>
  6. Will my wife's spousal benefit be reduced if she files at age 63?

    My wife and I are both 63 and retired. We are living well on my pension and a 3% draw on my IRA. She is interested in drawing ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center