June 27, 2005

John Walton Killed in Plane Crash

Jon Gales of mobiletracker.net informs us that John Walton died today:

It is with great sorrow that Wal-Mart Stores, Inc., announces the death of John Walton. A Vietnam War hero, member of the Wal-Mart Board of Directors and philanthropist, Walton was killed when the ultra-light aircraft he was piloting crashed shortly after take-off from the Jackson Hole Airport in Grand Teton National Park. The crash occurred at approximately 1:20 p.m. CDT and the cause has not yet been determined. Walton, 58, was the aircraft's sole occupant.

Walton was the second son of Wal-Mart founder, Sam Walton.

May he rest in peace.

Not much else is available yet. Reuters has a snippet (so does the AP), and ABC has slightly more, while CBS has two respectable photographs. Marketwatch has the financial side of John's life.

In 2005, John was the 11th richest person in the world, according to Forbes. Here's a 2002 interview John had with Businessweek about the Walton Family's charitable giving, and another in 2000 about school choice.

Some Farkers are having fun at the dead man's expense, but others are thanking him for his military service.

The Morning News takes a look at the impact John's death will have on
WM stock ownership by the Walton family.

Posted by Kevin on June, 27 2005 at 08:59 PM