Plane Crash Kills Wal-Mart Heir - GOD HAS SPOKEN
Plane Crash Kills Wal-Mart Heir - New York Times
John Walton, a son of the Wal-Mart Stores Inc. founder, Sam Walton, died in a plane crash near Jackson Hole Airport in Wyoming yesterday.
Mr. Walton, 58, was the only person aboard an ultralight aircraft when it crashed about 1:20 p.m., Wal-Mart said in a statement.
Mr. Walton, listed in Forbes magazine in March as the world's 11th-richest person, with a net worth of $18.2 billion, had been a Wal-Mart board member since 1992 and was chairman of the holding company True North Partners, based in Bentonville, Ark., Wal-Mart said in the statement.
Mr. Walton was also chairman of the Walton Family Foundation, which donated at least $700 million to education-related causes from 1998 to 2004, USA Today reported last year.
In 1998, Mr. Walton; Ted Forstmann, a co-founder of Forstmann Little & Company; and Michael Ovitz, former president of the Walt Disney Company, created a $200 million scholarship fund to help low-income students attend private and parochial schools in New York, Los Angeles, Washington and Chicago.
A member of the Green Berets during the Vietnam War, Mr. Walton was awarded the Silver Star for saving members of his unit, Wal-Mart said.
Mr. Walton, Sam Walton's second-oldest son, worked as a crop duster and a boat builder before founding True North, Wal-Mart said. He was married and had one son, the company said.
The cause of the crash has not been determined, Wal-Mart said in the statement. A Wal-Mart spokesman, Marty Heires, declined to comment beyond the statement.
John Walton, a son of the Wal-Mart Stores Inc. founder, Sam Walton, died in a plane crash near Jackson Hole Airport in Wyoming yesterday.
Mr. Walton, 58, was the only person aboard an ultralight aircraft when it crashed about 1:20 p.m., Wal-Mart said in a statement.
Mr. Walton, listed in Forbes magazine in March as the world's 11th-richest person, with a net worth of $18.2 billion, had been a Wal-Mart board member since 1992 and was chairman of the holding company True North Partners, based in Bentonville, Ark., Wal-Mart said in the statement.
Mr. Walton was also chairman of the Walton Family Foundation, which donated at least $700 million to education-related causes from 1998 to 2004, USA Today reported last year.
In 1998, Mr. Walton; Ted Forstmann, a co-founder of Forstmann Little & Company; and Michael Ovitz, former president of the Walt Disney Company, created a $200 million scholarship fund to help low-income students attend private and parochial schools in New York, Los Angeles, Washington and Chicago.
A member of the Green Berets during the Vietnam War, Mr. Walton was awarded the Silver Star for saving members of his unit, Wal-Mart said.
Mr. Walton, Sam Walton's second-oldest son, worked as a crop duster and a boat builder before founding True North, Wal-Mart said. He was married and had one son, the company said.
The cause of the crash has not been determined, Wal-Mart said in the statement. A Wal-Mart spokesman, Marty Heires, declined to comment beyond the statement.
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