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| Christy Walton |
Christy Walton
Net worth: $34.5 billionSource of wealth: Wal-MartAge: 58Forbes 400
rank: 6The world' richest woman. Christy Walton inherited her fortune
when husband John Walton, a former Green Beret and Vietnam war medic,
died in an airplane crash in 2005. The bulk of her holdings are in
Wal-Mart, the massive retailer founded by her father-in-law Sam Walton
and his brother James in 1962. Also owns a stake in solar panel maker
First Solar. She won an award in August 2013 for producing the film
"Bless Me, Ultima," based on the novel by Rudolfo Anaya, considered the
father of Chicano literature.
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Alice Walton |
Alice Walton
Net worth: $33.5 billionSource: Wal-MartAge: 63Forbes 400 rank:
8Alice Walton, daughter of retail visionary and Wal-Mart founder Sam
Walton, inherited a stake in Wal-Mart and has used some of her wealth to
acquire an impressive collection of American art, some of which she is
displaying in her Crystal Bridges Museum of American Art in Bentonville,
Arkansas. She runs a horse ranch in central Texas.
Jacqueline Mars
Net worth: $20.5 billionSource: Mars Inc. (candy, pet food)Age:
73Forbes 400 rank: 15Jacqueline Badger Mars, shares ownership of Mars
Inc., the world's largest candy company, with siblings Forrest Jr. and
John. Each inherited a stake from their father, Forrest Sr. when he died
in 1999. Mars sells snacks, pet food and candy, including M&Ms,
Twix, Skittles and Juicy Fruit gum. She is on the board of the company.
Abigail Johnson
Net worth: $17.2 billionSource: money managementAge: 51Forbes
400 rank: 23Granddaughter of the founder of mutual fund giant Fidelity
Investments appears to be next in line to become the chief executive
officer when her father Edward "Ned" Johnson retires. She was promoted
to head the company's biggest business units in 2012.
Anne Cox Chambers
Net worth: $13.2 billionSource: mediaAge: 93Forbes 400 rank: 29Chambers
is the majority owner of media conglomerate Cox Enterprises and, at age
93, continues to sit on the company's board of directors. Cox was
founded by her father, James M. Cox (d. 1957), in 1898 when he purchased
the Dayton Evening News. The media company has revenues of over $15
billion and includes Cox Communications (cable and broadband), Cox Media
Group (newspapers, TV and radio stations), Manheim (car auctions), and
AutoTrader.com.
Laurene Powell Jobs
Net worth: $11.7 billionSource: Walt Disney, AppleAge: 49Forbes 400
rank: 35Laurene Powell Jobs is the widow of Apple cofounder Steve Jobs,
who died in October 2011. She inherited his stakes in Apple and the even
more valuable stake in Disney, which Jobs got as a result of selling
Pixar to Disney in 2006. Powell Jobs is the richest woman in Silicon
Valley but keeps a relatively low profile. She is chairman of the
Emerson Collective, an organization that focuses on using
entrepreneurship to advance social reform and help under-resourced
students. She also cofounded and chairs nonprofit College Track, a
college completion program.
Elaine Marshall
Net worth: $8.3 billionSource: diversifiedAge: 71 Forbes 400 rank:
49Elaine T. Marshall owns an estimated 14.6% of Koch Industries in
trusts for herself, her two sons and various other family members, all
inherited from her husband E. Pierce Marshall (d. 2006), son of the late
J. Howard Marshall II. Koch Industries, majority owned by brothers
Charles and David Koch, is a $115 billion (sales) conglomerate active
in chemicals and pipelines, and owns Georgia-Pacific, maker of paper
goods like Brawny paper towels and Dixie cups. J. Howard Marshall II, a
Texas oil industry executive, accumulated the Koch Industries stake in
the 1950s when he invested in a refining business that ultimately became
Koch Industries.The Marshall family is still battling the Internal
Revenue Service over some $75 million in taxes dating from J. Howard's
financial maneuvering before his death in 1995. In May, a federal judge
said he'll order them to pay up to $49 million in sanctions to
Dannielynn Smith, the sole heir to the estate of J. Howard's widow,
Playboy Playmate Anna Nicole Smith, over tactics the late E. Pierce
Marshall used to cut Smith out of his father's estate.
Blair Parry-Okeden
Net worth: $6.7 billionSource: mediaAge: 62Forbes 400 rank:
61Blair Parry-Okeden, the granddaughter of Cox Enterprises founder James
M. Cox (d. 1957), inherited a 25% stake in the media conglomerate in
2007 when her mother, Barbara Cox Anthony, died. She lives in Australia
and has no role at the company. Her brother Jim Kennedy is chairman of
Cox Enterprises, which includes Cox Communications (cable and
broadband), Cox Media Group (newspapers, TV and radio stations), Manheim
(car auctions), and AutoTrader.com. Her aunt, Anne Cox Chambers, owns
50% of the company.
Milane Frantz
Net worth: $5.5 billion Source: pipelinesAge: 44Forbes 400 rank: 77Milane Frantz is one of four siblings who are heirs to their late father Dan Duncan's energy pipeline empire. He founded Enterprise Products Partners, which owns 51,000 miles of natural gas, oil, and petrochemical pipelines. Thanks to a rise in Enterprise Products' share price on the New York Stock Exchange and a generous dividend plan, Milane and her siblings find themselves each richer than a year ago. Their father died in 2010 at age 77.
Dannine Avara
Net worth: $5.5 billionSource: pipelinesAge: 49Forbes 400 rank:
77Dannine Avara, daughter of the late Houston entrpreneur Dan Duncan,
saw her fortune grow $800 million since our last Forbes 400 issue thanks
to generous payouts and jump in value of Enterprise Product
Partners' shares. In 1968, her father founded the pipeline empire that
now owns nearly 51,000 miles of natural gas, oil and petrochemical
pipelines as well as 14 billion cubic feet of natural gas storage
capacity. Duncan, formerly the richest man in Houston, died in 2010 at
77. Avara's sister Randa Duncan Williams was recently elected as
non-executive Chairman of the Board of Enterprise Products. Two other
siblings, Scott Duncan and Milane Frantz, are also members of the Forbes
400.
Randa Duncan Williams
Net worth: $5.5 billion Source: pipelinesAge: 52Forbes 400 rank:
77Randa Duncan Williams, the eldest of four children of the late
pipeline entrepreneur Dan Duncan, inherited a stake in Enterprise
Products Partners started by her father. In February she was elected
non-executive Chairman of the Board of the company. Williams is the most
publicly active of her siblings, each of whom inherited a stake in
their father's empire. Her net worth has climbed $800 million since
September 2012 due to generous dividend payouts and a rise in Enterprise
Product's stock price. The company owns nearly 51,000 miles of natural
gas, oil, and petrochemical pipelines. Williams is involved in a number
of Houston-based charities including the Ballet Foundation, Manned
Spaceflight Education Foundation, the Museum of Natural Science and the
Girl Scouts. Their father, Dan Duncan, was a former member of the Forbes
400.
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