Christy Walton

AAA

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.

INVESTOPEDIA EXPLAINS '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. Warren Buffett

    Known as "the Oracle of Omaha", Buffett is Chairman of Berkshire ...
  2. Sheldon Aldeson

    Sheldon Aldeson, chairman and CEO of Las Vegas Sands Corp., is ...
  3. Jim Walton

    Jim Walton is the third and youngest son of Walmart founder Sam ...
  4. Forbes 500

    An annual ranking list of the top 500 U.S. companies. The list ...
  5. Wealth Tax

    It is a tax based on the market value of assets that are owned. ...
  6. Wal-Mart Effect

    The economic impact felt by local businesses when a large firm ...
RELATED FAQS
  1. How are Rupert Murdoch's holdings distributed?

    Rupert Murdoch owns a controlling share of News Corporation and over 750 different businesses. Some of the major brands he ... Read Full Answer >>
  2. How did Bernard Baruch attain his wealth?

    Bernard Baruch obtained his fortune by investing in profitable stocks on Wall Street. Baruch is known as a legendary stock ... Read Full Answer >>
  3. Why was Bernard Baruch known as the "Park Bench Statesman?"

    As someone who preferred to conduct his meetings in informal settings and was led by persuasion rather than pressure, Bernard ... Read Full Answer >>
  4. How did Nathan Rothschild become a stock exchange speculator?

    Market maker Nathan Rothschild learned much of his financial savvy from his father, who dealt in coins and paper money. He ... Read Full Answer >>
  5. Why does Richard Branson keep opening up new Virgin products instead of focusing ...

    Entrepreneur and billionaire Richard Branson keeps introducing new Virgin products because he’s an opportunist at heart. ... Read Full Answer >>
  6. What advice does Howard Schultz offer would-be business moguls?

    Starbucks CEO, billionaire and former sports tycoon Howard Schultz has several pieces of advice for would-be moguls and, ... Read Full Answer >>
Related Articles
  1. Personal Finance

    5 Richest Women In The U.S.

    Here's a list of the richest women in the U.S.
  2. Investing News

    Will Bitcoin And Walmart Force Western Union To Change Its Business Model?

    Western Union is recognized across the globe for providing a fast, efficient way to move money. Just walk into a Western Union office and you can transfer money to friends, relatives or business ...
  3. Investing Basics

    Women And Investing: It's A Style Thing

    You don't have to be a boy or act like a boy to win. In fact, doing the opposite could be better for your financial health.
  4. Economics

    The Most Philanthropic Companies On Wall Street

    We look at the philanthropic and socially responsible efforts of certain Wall Street firms.
  5. Options & Futures

    The "True" Cost Of Stock Options

    Perhaps the real cost of employee stock options is already accounted for in the expense of buyback programs.
  6. Options & Futures

    Stock Options: What's Price Got To Do With It?

    A thorough understanding of risk is essential in options trading. So is knowing the factors that affect option price.
  7. Taxes

    Give To Charity; Slash Your Tax Payment

    Being generous has never been more (financially) rewarding!
  8. Insurance

    $46 Billion Industry Of Philanthropy

    Philanthropic giving is not just about money - millions of volunteers donate their time to worthy causes every year.
  9. Entrepreneurship

    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. Taxes

    Paying Uncle Sam: From Tobacco To $1 Trillion

    The services we rely on, like education, law and security, were built on taxes.

You May Also Like

Hot Definitions
  1. Geometric Mean

    The average of a set of products, the calculation of which is commonly used to determine the performance results of an investment ...
  2. Fisher Effect

    An economic theory proposed by economist Irving Fisher that describes the relationship between inflation and both real and ...
  3. Fiduciary

    1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets ...
  4. Expected Return

    The amount one would anticipate receiving on an investment that has various known or expected rates of return. For example, ...
  5. Carrying Value

    An accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance ...
  6. Capital Account

    A national account that shows the net change in asset ownership for a nation. The capital account is the net result of public ...
Trading Center