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Today's Biggest Loser (& Winner) - Wal-Mart Heirs' Fortunes Revealed
If you think you're having a bad day (amid the post-payrolls turmoil), consider "America's richest woman" Christy Walton - the widow of Wal-Mart's John Walton. According to newly-released documents, her $32 billion wealth is actually around $5bn (as the assumption that John passed on the bulk of his wealth to his wife was wrong) plunging from 18th richest person in the world to just 280th. However, today biggest winner is her son, Lukas Walton who vaults to 103rd richest in the world as his fortune is revealed at $11 billion. Now those are first-world problems...
As Bloomberg details, ever since Wal-Mart heir John T. Walton died 10 years ago in a plane crash, it’s been widely assumed that he passed the bulk of his vast estate to his widow, Christy.

Turns out that was very wrong.
In what’s been a closely guarded family secret, Walton gave half of his then-$17 billion estimated fortune to charitable trusts and a third to their only child, Lukas Walton, now 29, an analysis of court documents reveals. Christy got the rest.
The filings, unsealed by a Wyoming court at Bloomberg News’s request, mean that Christy’s fortune as previously calculated has taken a big hit -- from $32 billion before the court records were unsealed to about $5 billion now. She’s unlikely to ever again reach her former designation as America’s richest woman, which she held until last month.
But her loss is Lukas’s gain. Though little-known outside of a few scattered social media posts, he becomes the 103rd-richest person in the world, with about $11 billion, according to the Bloomberg Billionaires Index.
That makes the grandson of Wal-Mart founder Sam Walton $5.5 billion richer than his 66-year-old mother, and wealthier than Eric Schmidt and John Paulson.
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His father’s will directed that Lukas be given the right to vote the estate’s general and limited partner units in Walton Enterprises. That could make him one of the first of the family’s third generation to be a voting shareholder in the controlling entity, if he decides to exercise his voting power.
That structure is in keeping with Sam Walton’s vision to minimize estate taxes while keeping the family’s control of the company unified. In 1953, he put his stock in a trust that gave each of his children a 20 percent stake in the business, leaving the remainder for himself and his wife.
“The principle behind this is simple: the best way to reduce paying estate taxes is to give your assets away before they appreciate,” Sam Walton explained in his autobiography.
* * *
When John married Christy Tallant, he had a net worth of about $195 million, according to a 1982 premarital agreement that was unsealed this month by the Wyoming court.
So being 'left' with just $5.2bn (and 280th richest person in the world) is not so bad...
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So she's available?
"So she's available?"
Go for it, dude. Personally, I don't care to associate with slavers.
I don't begrudge them their wealth. After all, they worked extremely hard, and a great personal rick, to earn every penny.
Fuck,
I'd hit that for 1% of her net worth.
$52MM will buy a lot of soap and therapy.
Money can't change the fact that she is still one BUtt Thugly Hillbilly. For everything else, there's Mastercard
What if God was one of us? No sorry that's a different person, Joan Osborne mum right?
You gotta admit that Billionaire women are The Hottest babes in the world, and you never get tired of screwing them. Honest. Cross my heart.
Let me show you around the Torpedo Bay. ;-)
You don't get to rise in rank, w/o knowing how, when, where and whom to bullshit. Else you best stay in your basement, shack or monastery.
John Forbes Kerry, I knew that was you behind the pseudo-Navy uniform ;-)
Hurry up knuks. There's a line forming!
https://www.youtube.com/watch?v=GUCRJ7Dmobg
Would NOT want to wake up next to, or near, that.
The money is NOT that important.
Obviously you are not aware of the power of alcohol to make all things look pretty and shiny.
Peering through a bottle of Jameson I can see the beauty within her fallen bosom, the sag of her buttocks, the smell of stale tobacco in her hair and her infertile flowerpot that no longer yearns for the flagpole of life to give her pleasure.
Yeah, I'd do her, yes I would ... soon as I finish this bottle off. Hmm, maybe I better wait until I pass out, that way I can't be accused of being a conscious gigolo.
Booze, the answer to man's every challenge.
Money makes the ugly beautiful. The stupid, intelligent
- Karl Marx
FORWARD SOVIET!
The economy would be much better off by replacing each Billionaire with 1000 Millionaires.
chickadee,
According to your way of thinking, you should love this UN plan,
https://sustainabledevelopment.un.org/?menu=1300
including all the redistribution of wealth by carbon taxes, enslavement by biometric tracking and such.
If it gives you a warm fuzzy feeling, there's not a damn thing stopping you from giving away your very last dime today...
This is why the very rich are simply agents of The Great Red Dragon. They are assumed to own all the wealth that they claim; but when they die or divorce, the real truth is revealed. Of course, they are paid extremely well compared to most folks, but those other folks didn't sell their soul. That's why so many agents leave "their" fortunes to foundations. They never had title to it.
Stunning hair. Makes her look young and lose weight.
Does her nose look broken? I know those drunken arguments can get outta hand, but sister, you can afford the best!
FORWARD SOVIET PROBOCIS!
Not even close tothe worlds richest woman.
40/50 billion, and she pays not to be on the Forbes list.
Cheaper than full time security,kidnap insuance etc.
She also clips coupons for the help to redeem.
shit, she might have to start shoppping at wal-mart.........poor bitch.
Christy looks a little bit like Howard Stern.
Only $5B?!? What a fucking pleb. Get here out of my sight.
Looking at her nose, I'd say John was left handed?
Touche!! My first thought as well.
Rhinoplasty only lasts for 1 generation.
I'm offended and deeply saddened by this news. If we as Americans continue to allow our richest people to be downgraded on the world's wealthiest people list, what have we become?? Where is the exceptionalism?
I vow to purchase as much as I can from WalMart starting TODAY! It's time we stand for something!!
Just a note to some of the people supporting Trump: rich people never tell you how much money they have. She could have corrected that list at any time. She knows what was said about her. Nothing.
When the Donald says he's worth $10bn... There's no reason for him to say that. True or not.
Bragging rights at a Dinner function
There wealth is just estimated on how much they their assets are worth when they are sold in the Future. They're asset rich, financially poor, that is there won't be very much cash in the Bank. And why would you keep cash in the Bank, it's being devalued every single day.
If we cut off EBT will her net drop to $1B?
Wonder if sonny boy paid the "gift tax"?