Christy Walton of Walmart tops Forbes Wealthiest Women in the United States

Christy Walton, richest woman in America
Forbes magazine released its list of the world’s richest men and women this week.  Here are the five wealthiest women in the United States.

No. 1.  The wealthiest woman in America is Christy Walton.  Ms. Walton inherited her 25.3 billion dollars when he husband, John Walton died in a plane crash in 2006.  John’s father was Sam Walton, the founder of Wal-Mart.

Wal-Mart was ranked the number one profitable company in the Fortune 500, published by Fortune Magazine, this week.

Ms. Walton’s wealth will surely continue to grow.  In the first six months after she inherited the stock, she earned dividends of 220 million dollars.

No. 2.  The second richest woman is also a member of the Wal-Mart family.  Alice Walton is the daughter of Sam Walton, and inherited a lesser part of the estate.  Her estimated worth is 23.3 billion dollars.

She recently opened a museum to display art from the Walton family home.  On the negative side, she has received several DUI citations.

No. 3.  If you like ‘Snickers’ candy bars, you’ve helped increase the wealth of our third richest woman.  Jacqueline Mars is the granddaughter of Frank Mars, who founded the Mars Company in 1911.

Mars, which makes candy bars, dog food, and owns the Uncle Ben’s brand, makes Ms. Mars worth 13.8 billion dollars.  The company’s revenue boasts a 30 million dollar number yearly.  It is the world’s largest confectionary company.

On April 30th, The Foundation for the National Archives announced that Mars, Incorporated and its Uncle Ben’s® Brand has donated $250,000 to sponsor a national tour of the National Archives Experience’s popular exhibition “What’s Cooking, Uncle Sam?”  This follows a donation by Mars Foods of $100,000.  The tour exemplifies how federal policies affect the food Americans eat.

No. 4.  Anne Cox Chambers is the daughter of James Cox, founder of Cox Enterprises.  If you have used, or know about AutoTrader.com, or have received a packet of “Valpak” coupons, you know something about Cox Enterprises.

James Cox was a school teacher who purchased a local newspaper in 1898.  He grew his business and became a media mogul.  Cox owns 17 newspapers, 15 TV stations and 86 radio stations.

Ms. Cox-Chambers worth is reported at 12.5 billion dollars.

No. 5.  Fidelity Investments is the largest mutual fund company in the United States.  Founded by her grandfather in 1946, it is controlled today by his son,  Edward Crosby “Ned” Johnson, 82.  His daughter, Abigail Johnson, 50, is one of the top executives in the firm.  She oversees asset management, retail and institutional brokerage, retirement and benefits services, and is accountable only to her father.  She is the most powerful woman in a 12.2 trillion dollar industry.  Her personal worth is a whopping 10.3 billion dollars.  She is expected to head Fidelity Investments should her father retire.

Ms. Johnson holds a Master’s in Business Administration from Harvard University.

So, there they are, five women worth a total of 85.2 billion dollars.  The first four inherited their money which Forbes notes is often the case for women.  Only Ms. Johnson continues to work in the company from which she derives her fortune.

James Turnage

Columnist-The Guardian Express

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