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Money winners of 2008: Wal-Mart heirs still among wealthiest Americans

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This post is part of our feature on Money Winners of 2008. See all 20.

Think you could live comfortably on $23 billion? That's what each of the four Walton heirs live on today thanks to the company built by their father or father-in-law Sam Walton -- Wal-Mart (NYSE: WMT). Walton heirs were beat out by only three other billionaires for the top spot on the Forbes 400 Richest Americans list in 2008 -- William Gates, Warren Buffett, and Lawrence Ellison.

Only two of the Walton heirs have anything to do with the company from which they get their riches. S. Robson Walton is chairman of the board and he has served on the Wal-Mart board since 1978. Jim Walton is a member of the board, which he joined in 2005. Alice and Christy Walton, who are not involved in the running of Wal-Mart, do get the richest women in America title thanks to their Wal-Mart holdings. The Walton heirs recovered from a rough spot in 2006 when their stock holdings dropped to $18 billion and they fell to 17 to 20 on the Forbes list.

So who are are Walton heirs?

Jim Walton ($23.4 billion and #4 on the Forbes list), son of Sam Walton, is 60 years old and married with four children (future Walton heirs). He lives in Bentonville, Ark., and chairs the Arvest Bank Group. He got his BA at the University of Arkansas. He joined the Wal-Mart board in 2005.

S. Robson Walton ($23.3 billion and #5 on the Forbes list), son of Sam Walton, is 64 years old and married with three children (more future Walton heirs). He too lives in Bentonville. He received his BA at the University of Arkansas and his Doctor of Jurisprudence at Columbia University. He is the chairman of the Wal-Mart board and helps the company become eco-friendly through its partnership with the environmental group, Conservation International.

Alice Walton ($23.2 billion and tied for #6 on the Forbes list), daughter of Sam Walton, is 59 years old. She has been divorced twice. She got her BA at Trinity University of San Antonio and lives in Fort Worth, Tex. She is building the Crystal Bridges Art Museum of American Arts in Bentonville, Ark., due to open in 2009. She's never been involved in the operations of Wal-Mart.

Christy Walton ($23.2 billion and tied for #6 on the Forbes list), widow of John Walton (who died in 2005 when his ultralight aircraft crashed), is 53 years old and has one child. She lives in Jackson, Wy. She donated her 7-acre San Diego home to Cross Border Philanthropy.

Be sure to check out more Money Winners of 2008.

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Last updated: November 27, 2009: 02:27 AM

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