JUNE 28, 2005 - Posted at 8:30 a.m. CDT
BENTONVILLE, AR - Wal-Mart heir John T. Walton has died in the crash of a homemade, ultralight aircraft at Jackson Hole, Wyoming. John Walton, a son of Wal-Mart founder Sam Walton, was listed by Forbes magazine as the 11th richest person.
The 58 year old Walton was a member of the company's board. He was a major advocate of school vouchers, supporting efforts to create taxpayer-funded ways for students to attend private schools.
In 1998, he founded the Children's Scholarship Fund to provide low-income families with money to send their children to private schools.
John Walton owned about 12,000,000 shares of the company's stock. Forbes Magazine listed him with a net worth of $ 18,200,000,000.
He was an Army veteran who served with the Green Berets as a medic during the Vietnam War. The company says he was awarded the Silver Star for saving the lives of several members of his unit while under fire.