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Helen Walton, Dead

Discussion in 'Sports and News' started by JayFarrar, Apr 20, 2007.

  1. JayFarrar

    JayFarrar Well-Known Member

    Helen Walton, the wife of the late Sam Walton, the founder of Wal-Mart, died yesterday at the age of 87.
    At the time of her death she was worth $16.4 billion and was the 29th wealthiest person in the world.
    Just to put her fortune in perspective, SportsJournalists.com has 7,172 registered members and if we are all so fortunate to be in her will, we would all receive $2,286,670.38 or $500 a day, every day for the next 12 and half years.
    Her estate could give away a million dollars a day for right around 45 years.
  2. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    How much did she give to Virginia Tech?
  3. Big Buckin' agate_monkey

    Big Buckin' agate_monkey Active Member

  4. Captain_Kirk

    Captain_Kirk Well-Known Member

    Aunt Helen passed away???
  5. JayFarrar

    JayFarrar Well-Known Member

    I actually went and did some digging, possibly some, possibly nothing.
    In 2005 she gave $356.5 million to a family foundation, thanks GuideStar!!!, most went to higher education but it doesn't break down the gifts so Va Tech many have gotten some of that.
    The foundation also gave a total of $350 million to the University of Arkansas and around $40 million to a small college in Arkansas, which appears to be for just shits and giggles.
    Also worth noting, according to one press account, Arkansas repealed the estate tax so no death tax windfall there. As far as the feds are concerned, it seems like the IRS has a cap on estate taxes, but even if it was 10 percent, you are still talking about a billion and a half dollars.
    That leaves 15 billion to be spread around or about $2 million to every SportsJournalists.com member.
  6. Big Buckin' agate_monkey

    Big Buckin' agate_monkey Active Member

    SHE'S GIVING EACH OF US $2 MILLION??!??!?!??!?!??!
  7. Hammer Pants

    Hammer Pants Active Member

    The University of Arkansas sure is grateful for that family.
  8. SoSueMe

    SoSueMe Active Member

    Journalists know math?

    Nice work.
  9. KYSportsWriter

    KYSportsWriter Well-Known Member

    I wish. :D
  10. Armchair_QB

    Armchair_QB Well-Known Member

    None of which the government deserves to see a dime of.
  11. Songbird

    Songbird Well-Known Member

    Whose love is given over-well
    Shall look on Helen’s face in hell,
    Whilst they whose love is thin and wise
    May view John Knox in paradise.
    Dorothy Parker
  12. Football_Bat

    Football_Bat Well-Known Member

    More perspective: If she had simply put that $16.4 billion in a CD that paid 5% annually, it would earn $820 million in interest a year. I guarantee you that money is invested much better than that.
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