Alice Walton Biography And Net Worth:
|Net Worth $65.3 Billion|
|Full name Alice Louise Walton|
|Birth Date Oct 7, 1949|
|Age 72 years|
|Birthplace Newport Arkansas, US|
|Occupation Walmart Owner|
Alice Louise Walton is the daughter of Walmart founder Samuel Walton and is the Walmart fortune’s heir. She had Walmart stock worth over US$11 billion as of September 2016. According to the Forbes Billionaires Index, Alice Walton had a net worth of $65.3 billion as of 2022, making her the second richest woman in the world and the 18th billionaire in the world.
She had a lifelong passion for collecting works of art and eventually opened the Crystal Bridges Museum of American Art in her hometown of Bentonville, which she named in honor of American art and artists.
Alice Walton Early Life
On October 7, 1949, Alice Louise Walton was born in Newport, Arkansas. Her parents relocated to Bentonville, which is in northeastern Arkansas, a year after she was born.
She had a strong interest in art as a child and bought her first piece, a replica of Picasso’s “Blue Nude,” when she was ten years old. When they were camping, she also adored playing outside, riding horses, and creating watercolor paintings with her mother.
At Bentonville High School (BHS), where she received her education, she was actively involved in the Spanish Club, Art Club, and Honor Society. She enrolled at Trinity University in San Antonio, Texas, after graduating from Bentonville High School in 1967. She received a B.A. in economics and finance from there in 1971.
Alice Walton Career
She worked as an equity analyst and money manager for First Commerce Corporation, where she did so for a short while. She spent a brief time after leaving First Commerce Corporation serving as vice-chairperson and in charge of all investment-related activities at the privately-held Arvest Bank Group. Later, she relocated to New Orleans and accepted a position as a broker with E.F. Hutton, a stock trading company.
She returned to Arkansas in the middle of the 1980s and established a cutting horse farm there. She simultaneously started showing interest in the family business. Later, in 1988, she founded Llama Company as a Walton Enterprises subsidiary, an investment bank.
The bank, which was named after a llama she was given, underwrote bonds, offered asset management services, and made loans to other businesses. As its president, chairperson, and CEO, Walton labored arduously to boost Northwest Arkansas’s economy at a time when Wall Street was ignoring it. Ten years had passed when Llama Company finally shut down in 1998.
In 1998, she moved her farm to Texas and left the world of high finance to spend more time with her horses. Her Rocking W Ranch, which is situated on 3,200 acres of land, quickly rose to prominence as one of the best cutting horse breeders.
She spent much of her time caring for her horses in Texas, although she visited Bentonville frequently in the 2000s and continued to collect paintings. She eventually opened the Crystal Bridges Museum of American Art in Bentonville in November 2011 with the goal of presenting American art.
She sold her ranch and relocated to Fort Worth, Texas, in 2015 because she believed Crystal Bridges required more of her focus at the time.
Alice Walton Family
Her father, Samuel Moore Walton, a well-known businessperson and entrepreneur, founded Sam’s Club and Walmart Inc., formerly known as Wal-Mart Stores, Inc. and Sam’s West, Inc.
Her mother, Helen Robson Walton, was a well-known supporter of the arts as well as her husband’s business associate. She was the youngest of her parents’ four children and had three older brothers: Jim Carr Walton, John Thomas Walton, and Samuel Robson Walton.
Alice Walton Husband
At the age of 24, Walton wed a well-known investment banker from Louisiana, but their marriage ended in divorce two and a half years later. According to Forbes, she soon after married the contractor who had built her swimming pool, but they also rapidly got divorced.
Alice Walton Net Worth
With an estimated net worth of $65.3 billion, she is ranked as the 18th richest person in the world. Through the Walton Family Holdings Trust and Walton Enterprises, Alice Walton has a 13% share in Walmart. Walton paid $25 million for a duplex in Manhattan in 2014. The condo is located on floors 30 and 31 of 515 Park Avenue and offers breathtaking views of the streets below and parks. There is a second, one-bedroom guest apartment inside the 6,286-square-foot duplex as well.
Two Texas ranches owned by Alice Walton were listed for sale in 2015 for a combined sum of close to $50 million. The price tag on one of the ranches was $19.8 million, while the slightly larger ranch advertised with a $28.7 million price tag.