John T. Walton Net Worth

John T. Walton Net Worth: $18.2 Billion

John T. Walton was an American war veteran, businessman, philanthropist, and entrepreneur with an estimated net worth of over $18.2 billion. Walton was the second out of three sons to the Wal-Mart’s founder, Sam Walton. Accumulating the huge inherited and having successful several endeavors, Walton was ranked as #11 in the World’s richest people by Forbes magazine. While he was the 4^th richest person in the United States with the net worth of US $18.2 billion. Despite of belonging to the wealthy family, he always chooses the next path and he was very good at it. In order to do something great for the society and its people, he co-founded Children’s Scholarship Fund in 1998. Partnering with his friend Ted Forstmann, the organization sole motive was to provide tuition assistance for low-income families to make their children study in private schools. Serving as an advocate of School Vouchers, the foundation was started with $67 million and was supported by the Walton Family Foundation. It has till now, helped more than 67,000 bright students, while he was honored with William E. Simon Prize for Philanthropic Leadership.

Personal Life

John Thomas Walton was born on 1946, October 8 in Newport, Arkansas, U.S. He is the son of Sam Walton, founder of Wal-Mart and Sam’s Club and Helen Robson Walton. Walton went to Bentonville High School and was an avid star football player. In addition to his study, he attended the College of Wooster in Wooster, Ohio. However, he left the college in 1968 and spend more time practicing flute. While he was enlisted in the U.S. Army. Accounting his personal life, he was blessed with a wonderfully supportive wife, Christy Ruth Walton. The pair has one son named Lukas Walton. However, the marriage was not his first marriage. Walton first tied his wedding knot with Mary Ann Gunn, who later became a judge in Arkansas.

Vietnam War and Later Life

Walton coming from the rich family choose the different lifestyle. Instead of roaming around in a luxurious jet, he instead tried something different. Fighting for the nation, he served in the Green Berets as part of the Studies and Observations Group in Vietnam War. John was involved in combat in the A Shau Valley and in Laos, while he was the medic and second-in-command of a unit named “Spike Team Lousiana. The brave Walton was honored with Silver Star for his excellent service in Vietnam War. Thomas, after the war, went to for high sky and learned to fly. Walton then worked as a pilot for Wal-Mart, however, left the company to fly crop-dusters over cotton fields in several southern states. Obsessed with flying, he later co-founded Satloc, an aerial application company which uses the GPS technology for agricultural crop-dusting. In addition, he moved to San Diego and founded Corsair Marine, a company that built trimaran sailboats. Apart from flying planes, he was an excellent skier, mountain biker, hiker, motorcycle rider, skydiver and scuba diver.

Death

Walton died in an experimental aircraft in Jackson, Wyoming on June 27, 2005. According to the National Transportation Safety Board, it was stated that the improper reinstalled of the rear locking collar on the elevator control torque tube was the reason for his plane crash.