Wal-Mart heir dies in plane crash

It crashed onto a sagebrush-covered plain at 12:20 pm local time, she said.

Park rangers were investigating the incident, she said.

The cause of the crash has not yet been determined, Wal-Mart said in a statement.

Walton, 58, is ranked 11th on Forbes magazine’s most recent list of the world’s richest people, with a net worth estimated at $18.2 billion.

John Walton is survived by his wife and their son, his mother, two brothers, a sister and their families. His brother S. Robson Walton is chairman of Wal-Mart’s board. “This is a horrible tragedy. And what is so unusual about this is it is the founder’s son,” Bill Dreher, an analyst at Deutsche Bank, said. — Reuters