Alice Walton Net Worth: Explore the Wal-Mart Heiress’s Wealth

Alice Walton’s net worth is estimated at $68 billion. As of 2022, she is the 19th richest person and the second richest woman in the world. Her wealth is partly due to her being the daughter of Sam Walton, the founder of Walmart, Inc.

Facts about Alice Walton

Alice Walton Biography

early life

Alice Louise Walton was the only daughter of Sam Walton and Helen Walton’s four children. She was born on October 7, 1949 in Newport, Arkansas. Walton grew up in Bentonville and she attended Bentonville High School. Alice Walton enrolled at Trinity College in San Antonio, Texas, where she graduated in 1971. Walton said she majored in economics and finance at Trinity College.

personal life

Walton’s first marriage was to a prominent investment banker from Louisiana. The union has less than three years left. Soon after, Walton married the builder who built the swimming pool. Their marriage was also short-lived.

The billionaire faked his death in several car accidents. One of the accidents was fatal. She was driving her rented Jeep in 1983 when she lost control. The accident left her with a blocked leg. Although she has had dozens of surgeries, she still suffers constant pain from her injuries.

Walton had another accident in 1983 in Fayetteville, Arkansas. She struck Oleta Hardin, a 50-year-old woman, who died at the scene. In 1998, Walton paid a $925 fine for touching her gas meter while driving drunk.

job

Alice Walton began her career in finance as a stock analyst. She also worked at EF Hutton, one of the oldest stock brokerage firms in the country. She founded Llama Company, an investment bank, in 1988. She closed her company and moved to one of her own ranches in Millsap, Texas.

Walton served as chairman of the Northwest Arkansas Council. She participated in the construction of the Northwest Arkansas Regional Airport. The terminal was named Alice L to recognize her role in the development of the airport.

In 2015, Walton put the Milsap Ranch up for sale and moved to Fort Worth, Texas. Walton said she moved to Fort Worth to focus on the Crystal Bridges Museum of American Art.

One of the major contributors to Walton’s massive wealth is the success of Walmart’s retail business. She is one of the richest people in America and the world.

Billionaire heiress Alice Walton lives a simple life on a 3,200-acre ranch in Texas. She believes in her charitable giving and is also involved in political fundraising. She has donated millions of dollars to her charities through the Walton Family Foundation.

Check out the Alice Walton documentary: Walmart Heiress:

net worth increase

walmart steak

Alice Walton has built a massive net worth without working for her family business. She briefly worked as a children’s clothing buyer at Walmart after her college graduation. After Sam Walton’s death, his shares in the company were divided among his four children.

Alice received 13% through Walton Family Holdings Trust and Walton Enterprises. Since 1993, Alice Walton has earned approximately $7 billion from stock sales and dividends.

Lessons from Alice Walton

• Accept failure, but keep trying. Walton says failure is part of the journey to success. Everyone fails at some point, but it takes courage to keep trying.
• believe in yourself. The first step toward success is believing in yourself and what you can do. Don’t allow others to convince you as you move towards success.
• Courage should be your watchword. Everyone makes mistakes. We can all make mistakes that stand out. The key is not to let failure and defeat be the end. We must keep moving forward.

How does Alice Walton spend 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 located at 515 Park Avenue and occupies the 30th and 31st floors.

In 2015, Walton sold two ranches in Texas. She has lived on the ranch since the 1990s, when she closed the Llama Corporation. Walton listed her farm with an asking price of $19.8 million for a small ranch and $28.7 million for a large ranch.

art collection

Alice Walton has had a successful career in art collecting. She spends millions of dollars when it comes to her art. Walton’s love of art began at a young age when she would paint watercolors with her mother.

She founded the art gallery in Bentonville, Arkansas in 2011. Walton often exhibits her new artwork at the Crystal Bridges Museum of American Art. She also has a private art gallery that she rarely talks about. This makes valuation impossible.

political cause

Alice Walton was involved in several political contributions. During the 2004 presidential election, she was the 20th largest donor to 527 organizations. She donated $2.6 million to Progress for America. By early 2012, she had donated $200,000 to the Restore Our Future super PAC. Super PAC was associated with Mitt Romney’s presidential campaign. In 2016, Walton donated $353,400 to the Hillary Victory Fund.

charity donation

The Walton family operates a charitable fundraising program operated by the Walton Family Holdings Trust. Alice Walton donated $225 million to her trust in 2016. She founded the Alice L. Walton Foundation in 2017. The foundation supports the arts, education and health. The foundation donated $3 million for the University of Central Arkansas’ art program.

The foundation donated $1.28 million to the University of Arkansas for Medical Sciences. The grant was for the university’s healthy food program. In 2022, the foundation donated $3.5 million to the Northwest Arkansas Food Bank.

Frequently Asked Questions

conclusion

Alice L Walton’s staggering net worth is as high as $68 billion, making her one of the richest women in the world. The 73-year-old American Walmart heiress has enjoyed many achievements. She briefly worked at Walmart before starting her investment bank, The Llama Company. She has never had children of her own but breeds her show horses on her own ranch in Texas.