As one of the most talked-about figures, Alice Walton has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What is Alice Walton's Net Worth and Salary?
Alice Walton is the daughter of Walmart founderSam Walton. Alice Walton has a net worth of $137 billion. Alice Walton is one of therichest women in the worldand one of the 20 richest people in the world. As the daughter of Walmart founder Sam Walton, she is a key figure in one of America's wealthiest families. Her fortune, largely inherited, positions her as one of the richest women in the world, but it is her personal pursuits and philanthropic efforts that set her apart.
Beyond her involvement in the arts, Walton has been active in finance and investing. She started her career in finance and later founded Llama Company, an investment bank, in the late 1980s. However, it is her stake in Walmart that remains the primary source of her wealth. The company, founded by her father in 1962, grew from a single discount store to the largest retailer globally, significantly impacting the retail industry.
In the late 90s, Llama Group closed down. Walton spent the next few years on her ranch in Texas before eventually selling the property in 2015 and moving back to Arkansas to oversee the operations of her art gallery.
Despite being a member of one of the wealthiest families in the world, Alice carved out her own path after graduating from college. She first worked for First Commerce Corporation as an equity analyst and money manager. She also guided investment activities at Arvest Bank Group, her family business. By 1988, she had founded her own investment bank called Llama Group and acted as president and CEO. Llama Group was instrumental in the construction of the Northwest Arkansas Regional Airport, providing the first $15 million in initial funding and underwriting a $79.5 million bond.
Alice Louise Walton was born on October 7th, 1949, in Newport, Arkansas. Raised alongside three brothers, she witnessed her father and her uncle create the first Walmart in 1962. She then attended college at Trinity University in San Antonio, Texas. During her college years, she studied economics. She eventually graduated with a BA and set her sights on a career in finance.
Born and raised in a family deeply embedded in the retail business, Alice Walton developed a distinct path from her brothers, who became directly involved in Walmart's operations. Instead, she pursued a passion for art and culture. Walton's affinity for the arts led to her most notable venture, the Crystal Bridges Museum of American Art, which she founded in Bentonville, Arkansas. The museum opened in 2011, houses a premier collection of American art spanning five centuries and has been praised for its architecture and its commitment to accessibility and community engagement.
Alice Walton owns a 13% stake in Walmart through the Walton Family Holdings Trust and Walton Enterprises. Since 1992, she and her siblings have earned roughly $10 billion thanks to company dividends.
Ultimately, Alice Walton's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.
