WOW, how to lose $27 Billion in a flash. I think I could get by with $5 Billion!!!
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.
A Wal-Mart Heir Is $27 Billion Poorer Than Everyone Thought – Bloomberg Business