Advertisement
YOU ARE HERE: LAT HomeCollectionsJohn T Walton
IN THE NEWS

John T Walton

FEATURED ARTICLES
CALIFORNIA | LOCAL
June 9, 1998 | RICHARD LEE COLVIN, TIMES EDUCATION WRITER
Two wealthy supporters of private school vouchers are scheduled to announce today in New York the creation of a $200-million fund to help low-income families in Los Angeles, Chicago and other cities pay tuition for their children. The fund, set up by venture capitalist Theodore J. Forstmann and heir to the Wal-Mart store fortune John T. Walton, would far exceed the amount now being spent on such scholarships nationally, school choice advocates said.
ARTICLES BY DATE
CALIFORNIA | LOCAL
June 9, 1998 | RICHARD LEE COLVIN, TIMES EDUCATION WRITER
Two wealthy supporters of private school vouchers are scheduled to announce today in New York the creation of a $200-million fund to help low-income families in Los Angeles, Chicago and other cities pay tuition for their children. The fund, set up by venture capitalist Theodore J. Forstmann and heir to the Wal-Mart store fortune John T. Walton, would far exceed the amount now being spent on such scholarships nationally, school choice advocates said.
Advertisement
BUSINESS
December 9, 2005
* Ford Motor Co. has begun making the first of its planned 4,000 salaried job cuts as it tries to reduce costs to stem losses in North America. * The estate of Wal-Mart Stores Inc. heir John T. Walton filed to sell as much as $572.3 million in company shares, five months after he died in a plane crash. Walton's estate filed to sell 11.4 million shares, most of its holdings, according to a regulatory document.
BUSINESS
April 6, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
He started with a nickel-and-dime business, but when Sam M. Walton was done he had built one of the nation's great family fortunes--estimated at more than $23 billion. Walton, who died Sunday after a long battle with bone cancer, turned a struggling five-and-dime operation into a discount retail giant. Along the way, he made himself, his family and hundreds of employees wealthy.
BUSINESS
October 10, 1989
Six San Diego-area residents showed up on Forbes magazine's list of the nation's 400 wealthiest individuals released Monday. John T. Walton, 44, the wealthiest among San Diegans listed with a net worth of $1.8 billion, was added to the Forbes list this year. He is the son of Wal-Mart Stores chairman Sam Walton, who this year divided his immense fortune into five shares of $1.8 billion each, keeping one share and giving the other four to his children.
BUSINESS
September 30, 1996 | From Associated Press
From the average Joe to the most bloated fat cat, Americans have more money. But the richest are a lot richer and their ranks have swelled by nearly a third. The 1996 annual ranking of the 400 wealthiest Americans by Forbes magazine includes a record 121 billionaires, 27 more than last year. The ranking appears in the magazine's Oct. 14 issue, released Sunday. Bill Gates and Warren Buffett again lead the list with a combined fortune between them of $33.5 billion.
BUSINESS
October 3, 1994 | From Times Staff and Wire Reports
Bill Gates' burgeoning software empire bested the stock-picking wiles of Warren Buffett, installing the chairman of Microsoft Corp. at the top of Forbes magazine's 1994 list of richest Americans. California also retained its status as home to more of America's wealthiest than any other state, with 80 of the top 400, up from 77 in the 1993 survey. New York remained in second place with 53, down from 57 a year ago.
CALIFORNIA | LOCAL
June 20, 1998
When Sacramento cannot even agree on what per pupil spending is in the state, it's not surprising that Californians have little trust in government's ability to fix public education. The nonpartisan state legislative analyst's office recently reported that per pupil spending in California was now only $342 below the national annual average. Gov.
BUSINESS
October 7, 1991 | From Associated Press
Sure the recession hurt some of America's wealthiest people. But most just keep getting richer. Septuagenarian entertainment mogul John Werner Kluge is worth more than any other American for the third straight year. But thirtysomething computer whiz Bill Gates is closing the gap, Forbes magazine said in its 10th annual ranking of the richest.
BUSINESS
October 5, 1992 | From Associated Press
Computer software inventor and college dropout Bill Gates replaced entertainment mogul John Kluge atop the Forbes annual list of richest Americans, the magazine said Sunday. At 36, Gates becomes the youngest person to reach the No. 1 ranking. The founder of Microsoft Corp., the world's largest personal computer software company, makes money from each machine that uses MS-DOS, the most widely used personal computer software. Gates' $6.3-billion fortune grew by $1.
BUSINESS
September 24, 1999 | From Reuters
The 400 richest Americans are worth more than $1 trillion combined--and that tops the gross domestic product of China, Forbes magazine said Thursday. Ninety-eight of the richest 400 live in California. Bill Gates is still America's wealthiest, with a net personal worth of $85 billion, up from $59 billion last year. Microsoft Corp.'s founder and chairman, whose net worth briefly touched $100 billion in April, still has more money than the gross domestic product of the Philippines ($83.1 billion).
Los Angeles Times Articles
|