what is Alice Walton net worth?
What is Alice Walton net worth?
|Net worth||$65 billion|
|Date of birth||October 7, 1949|
|Full name||Alice Louise Walton|
Alice Walton Net Worth
Alice Walton net worth 2023: Alice Louise Walton is an American heiress to the fortune of Walmart. In September 2016, she owned over US$11 billion in Walmart shares. She is the 20th richest person in the world according to Forbes magazine. Keep reading to find more about Alice Walton net worth here.
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Alice Walton Early life and education
Walton was born in Newport, Arkansas. She was raised along with her three brothers in Bentonville, Arkansas and graduated from Bentonville High School in 1966. Alice holds a BA in economics from Trinity University in San Antonio, Texas.
Alice Walton Career
Alice began her career as an equity analyst and money manager for First Commerce Corporation and headed investment activities at Arvest Bank Group. She also became a broker at EF Hutton
She became the president, chairperson and CEO of Llama Company, an investment bank after it was founded in 1988.
Alice was also the first person to chair the Northwest Arkansas Council and played a major role in the development of the Northwest Arkansas Regional Airport, which opened in 1998.
During the 1990s, Llama Co. closed, and in 1998, Walton moved to a ranch in Millsap, Texas, named Walton’s Rocking W Ranch.
Alice Walton Net Worth
Alice Walton net worth 2023 is $65 billion making her the 20th wealthiest person on the planet and the second richest woman in the world according to Bloomberg Billionaires Index. Her source of wealth is through fortunes inherited from her father’s company Walmart and the Walton Group.
Walton and her mother would often paint watercolors on camping trips. Her interest in art led to the Walton Family Foundation developing the Crystal Bridges Museum of American Art in Bentonville, Arkansas.
In December 2004, Walton purchased art sold from the collection of Daniel Fraad and Rita Fraad at Sotheby’s, in New York.
In 2005, Walton purchased Asher Brown Durand’s celebrated painting, Kindred Spirits, in a sealed-bid auction for a purported US$35 million.
Walton’s attempt to quit smoking inspired her to purchase a painting reminiscent of an earlier painting by John Singer Sargent by Alfred Maurer which depicts a full-length woman smoking. Another painting, by Tom Wesselmann, is titled “Smoker #9” and depicts a hyper realistic, disembodied hand and mouth smoking a cigarette.
In a 2011 interview, she spoke about acquiring great works by other artists. She described Marsden Hartley as “one of my favorite artists-he was a very complex guy, somewhat tormented, but a very spiritual person, and love the emotion and the feel and the spirituality of his work”. She went on to say “and Andrew Wyeth-the mystery and loneliness that is expressed. How do you paint loneliness?
Alice Walton Political Contributions
Alice Walton was the 20th-largest individual contributor to 527 committees in the U.S. presidential election 2004, donating US$2.6 million to the conservative Progress for America group.
As of January 2012, Walton had contributed $200,000 to Restore Our Future, the super PAC associated with Mitt Romney’s presidential campaign.
Alice donated $353,400 to the Hillary Victory Fund, a joint fundraising committee supporting Clinton and other Democrats, in 2016.
In 2016, Walton and other Walmart heirs donated $407 million in Walmart shares to a Family Trust which finances its philanthropy.
Alice Walton Family
Alice married a prominent Louisiana investment banker in 1974 at age 24, but they were divorced 2½ years later. According to Forbes, she married “the contractor who built her swimming pool” soon after, “but they, too, divorced quickly”.
Walton has been involved in multiple automobile accidents, one of them fatal. She lost control of a rented Jeep during a 1983 Thanksgiving family reunion near Acapulco and plunged into a ravine, shattering her leg. She was airlifted out of Mexico and underwent more than two dozen surgeries; she suffers lingering pain from her injuries.
In April 1989, she struck and killed 50-year-old Oleta Hardin, who had stepped onto a road in Fayetteville, Arkansas. Witnesses stated that Walton was speeding at the time, but no charges were filed. In 1998, she hit a gas meter while driving under the influence of alcohol. She paid a $925 fine.
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