Should We Feel Sorry For Christy Walton ???

Until last month, Christy Walton, Walmart heir John T. Walton’s widow, was regarded as the richest woman in America.

In fact, Christy’s fortune is $27 billion less than widely believed, according to Bloomberg.

When John T. Walton died, it was assumed he passed his fortune on to his widow. Instead, recently unsealed court documents reveal he gave half of his then-$17 billion to charitable trusts and a third to his only child, Lukas Walton.

That leaves 17% to Christy. As a result, the estimated value of her fortune has dropped to about $5 billion from $32 billion.

While Christy’s position amongst the richest of the rich drops with the news, the rank of her son, Lukas, has shot up. Now, he is the 103rd-richest person in the world, worth about $11 billion, and, according to the Bloomberg Billionaire Index, as much as $25 billion if certain trusts are included.

Source - http://finance.yahoo.com/news/walmart-heir-everyone-believed-one-173159045.html

Stories like this make me want to vomit.

I wish all of them well, but who really gives a damn if she's merely filthy rich or exceedingly filthy rich?

“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand. They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different. ”

F. Scott Fitzgerald