Daughter-in-law of Wal-Mart pioneer Sam Walton (d. 1992) and siblings reclaim spot in Forbes 400 Top 10 after falling off last year. Wal-Mart shares up 45% since last September, as cash-strapped... more »
Daughter-in-law of Wal-Mart pioneer Sam Walton (d. 1992) and siblings reclaim spot in Forbes 400 Top 10 after falling off last year. Wal-Mart shares up 45% since last September, as cash-strapped consumers head to discount-driven superstores in droves. Also profiting from stake in solar-paneling outfit First Solar; shares up 120% in past 12 months. Sam started as J.C. Penney clerk in 1940; opened Newport, Ark. five-and-dime store Benjamin Franklin 5 years later. Lost lease in 1950. With brother James started general-store chain in Bentonville, Ark., 1962. Today Wal-Mart is world's largest retailer: 7,300 stores, 2 million employees serve 200 million customers. Sales: $378 billion. Christy is the widow of John Walton (d. 2005); donated 7-acre San Diego home to Cross Border Philanthropy « less
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