Richest Woman In World Donates To NYC Elections For First Time
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Alice Walton Alice Walton, daughter of Wal-Mart founder Sam Walton, attends the Wal-Mart shareholder meeting in Fayetteville, Arkansas, in 2015.
Danny Johnston/AP/Shutterstock
A candidate for a New York City Council seat left vacated in the Bronx is getting a six-figure boost in his run, in part because of contributions from the world's wealthiest woman, according to campaign filings.
John Sanchez, a candidate in the crowded 15th Council District special election, received a helping hand from New Yorkers for a Balanced Albany, a super PAC that formed in 2014. Its chief donor is Alice Walton, the billionaire heir to the family-owned Walmart corporation and the world's richest woman whose net worth stands at $62.3 billion, according to estimates reported by Forbes Magazine in 2020. The contributions once again demonstrate the presence of big money this election cycle, in which the mega-rich have begun flexing their financial muscle in even the smallest of races.