Alice Walton has an estimated net value of $68 billion. As of 2022, she was the Nineteenth-richest person and the second-richest woman globally. Her wealth is partly due to her being the daughter of Sam Walton, the founding father of Walmart, Inc.

Facts about Alice Walton

Alice Walton Biography

Early Life

Alice Louise Walton was the one daughter among the many 4 children of Sam Walton and Helen Walton. She was born in Newport, Arkansas, on October 7, 1949. Walton grew up in Bentonville and attended Bentonville High School. Alice Walton enrolled at Trinity College in San Antonio, Texas, and graduated in 1971. At Trinity University, Walton studied economics and finance.

Personal Life

Walton’s first marriage was to a distinguished investment banker out of Louisiana. The union lasted lower than three years. Soon after, Walton married a constructing contractor who built her swimming pool. The wedding was short-lived as well.

The multi-billionaire has cheated death in road accidents several times. Considered one of the accidents was fatal. She lost control while driving a rented Jeep in 1983. The accident left her with a shuttered leg. She underwent a dozen surgeries and still experiences lingering pain from the injuries.

Walton was in one other accident in Fayetteville, Arkansas, in 1983. She hit a 50-year-old woman, Oleta Hardin, killing her on the spot. In 1998, Walton paid a $925 positive for hitting a gas meter while driving drunk.

Profession

Alice Walton began her profession in finance as an equity analyst. She also worked for EF Hutton, certainly one of the oldest stock brokerage firms in the USA. She founded an investment bank, Llama Company, in 1988. She closed the corporate and moved to certainly one of her ranches in Milsap, Texas.

Walton chaired the Northwest Arkansas Council. She took part in the development of the Northwest Arkansas Regional Airport. The terminal was named Alice L to acknowledge her role within the airport development.

In 2015, Walton put the Milsap ranch up on the market and moved to Fort Value, Texas. Walton said she moved to Fort Value to think about the Crystal Bridges Museum of American Art.

Considered one of the important thing contributors to Walton’s great wealth is the success of Walmart within the retail business. She is certainly one of the wealthiest people in the USA and the world.

Though she is a billionaire heiress, Alice Walton lives a humble life on a 3200-acre ranch in Texas. She believes in philanthropic giving and likewise contributes to political fundraisers. She has given thousands and thousands of dollars to charity through the Walton Family Foundation.

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Net Value Growth

Walmart Stake

Alice Walton built her massive net value without working for the family business. She worked with Walmart briefly after college as a buyer of kids’s clothes. After Sam Walton died, his stake in the corporate was split amongst his 4 children.

Alice received a 13% through the Walton Family Holdings Trust and Walton Enterprises. Since 1993, Alice Walton has made an estimated profit of $7 billion from stock sales and dividends.

Lessons from Alice Walton

• Accept failure, but keep trying. Walton says that failure is an element of the journey to success. Everyone fails sooner or later, but it surely takes courage to proceed trying.
• Consider in yourself. Step one towards success is believing in yourself and what you may do. Don’t allow others to dissuade you as you journey toward your success.
• Courage have to be your watchword. Everyone makes mistakes. We’re all able to outstanding mistakes. The secret is to not allow failure and defeat to be the tip. You will need to keep moving forward.

How Does Alice Walton Spend Her Money?

Real Estate

Alice Walton owns a 6,286-square-foot duplex in Manhattan. She acquired the condo in 2014 for $25 million. The duplex is at 515 Park Avenue and occupies the thirtieth and thirty first floors.

In 2015, Walton sold two of her ranches in Texas. She had lived within the ranches because the Nineties when she closed Llama Corporation. Walton listed the farms with price tags of $19.8 million for the smaller ranch and $28.7 million for the larger one.

Art Collection

Alice Walton has built a successful profession in art collecting. She spends thousands and thousands of dollars when she meets a chunk of art. Walton’s love for art stems from days of painting watercolors together with her mom when she was young.

She founded an art museum in Bentonville, Arkansas, in 2011. Often, Walton displays latest pieces of art on the Crystal Bridges Museum of American Art. She also has a non-public art gallery, which she rarely talks about. This makes it not possible to value.

Political Causes

Alice Walton has been involved in several political contributions. In 2004, she was the Twentieth-largest contributor to 527 groups through the presidential elections. She gave $2.6 million to Progress for America. By early 2012, she had given $200,000 to Restore Our Future and the super PAC. The Super PAC was related to the presidential campaign of Mitt Romney. In 2016, Walton donated $353,400 to the Hillary Victory Fund.

Charitable Donations

The Walton family has a charity financing program run by the Walton Family Holdings Trust. Alice Walton gave $225 million to the trust in 2016. She launched the Alice L. Walton Foundation in 2017. The inspiration supports art, education, and health. The inspiration donated $3 million to the University of Central Arkansas for its positive arts program.

The Foundation gave the University of Arkansas for Medical Sciences $1.28 million. The grant was for the University’s healthy foods program. In 2022, the inspiration gave $3.5 million to the Northwest Arkansas Food Bank. 

FAQs

How Much Money Did Alice Walton Inherit?

When Sam Walton passed away in 1992, Alice Walton inherited a 13% stake in Walmart. Alice Walton’s father split his Walmart shares equally amongst his 4 children.

Who Are Alice Walton’s Children?

Alice’s marriage was short-lived. She had not gotten any children before the divorce and has never had any. She raises competitive show horses on her ranch.

Conclusion

Alice L Walton’s massive net value of $68 billion ranks her among the many richest women on the earth. The 73-year-old American heiress to the Walmart fortune has enjoyed many accomplishments. She worked briefly for Walmart before launching an investment bank, the Llama Company. Though she has never had children, she breeds show horses on her ranch in Texas.