Life can be difficult for everyone. Kate Taylor has the bad news about Christy Walton (yes, that Walton):
Until last month, Christy Walton, Walmart heir John T. Walton’s widow, was regarded as the richest woman in America.
In fact, Christy’s fortune is $27 billion less than widely believed, according to Bloomberg.
When John T. Walton died, it was assumed he passed his fortune on to his widow. Instead, recently unsealed court documents reveal he gave half of his then-$17 billion to charitable trusts and a third to his only child, Lukas Walton.
That leaves 17% to Christy. As a result, the estimated value of her fortune has dropped to about $5 billion from $32 billion.
That is so sad.