One Of The Wealthiest Men In The World

John Walton, second son of Wal-Mart founder Sam Walton, was killed Monday when his ultralight aircraft, identified as a CGS Hawk Arrow, went down shortly after take-off from Jackson Hole, WY.

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.
 
The Jackson Hole News & Guide reported rain clouds were in the area and winds were gusting to 13 mph shortly after the crash. There was no immediate indication of the type of aircraft involved.

A Vietnam War veteran, member of the Wal-Mart Board of Directors and philanthropist, Walton was the second son of Wal-Mart founder, Sam Walton.

As a board member of the Walton Family Foundation, Walton played a leading role in guiding the Foundation's contributions to elementary and high school education, including scholarship programs to provide parents with greater choice in education.

Walton served in the US Army Green Berets as a medic during the Vietnam War. He was awarded the Silver Star for saving the lives of several members of his unit while under intense enemy fire.

Walton, one of the richest men in the world, pursued a variety of business interests throughout his life, including work as a crop duster in the 1970s and as a boat builder in the 1980s and 1990s. More recently, Walton formed the holding company True North, which is composed of businesses ranging from advanced composites to boat building to venture capital investments.

Walton has been a member of the Wal-Mart Board of Directors since 1992.

Walton attended the College of Wooster. He is survived by his wife Christy and their son, Luke; his mother Helen; two brothers, Rob and Jim; a sister, Alice; and their families.

No funeral arrangements have been announced.

FMI: www.fs.fed.us