Walmart's $8 million gift for hurricane relief is not that much

 $7.74

At a press conference this afternoon, President George H. W. Bush singled out the Walton Family for their generosity to Katrina relief efforts:

I don’t think anyone would mind if I singled out the chairman and CEO of Wal-Mart, Lee Scott, who is right here. He told us that they gave the Bush-Clinton fund a total of $23 million…$15 million from the company and then $8 million more from the Walton family, the marvelous philanthropists that they are.

Let’s put that in perspective. The Walton family’s net worth is $90 billion. So $8 million dollars represents .009 percent of their total.

The average family’s net worth is $86,100. If an average family contributed at the same rate as the Waltons, they’d donate $7.74.

There are thousands of families all around country that are being far more generous to Katrina victims than the Waltons. Few of them will be personally thanked by a former President.

Here’s the link

via J-Walk blog