Alice Walton Biography: Life, Career, Success & Wealth

Alice Walton is an American heiress, businesswoman, and philanthropist. She was born on October 7, 1949, in Newport, Arkansas, to Sam Walton, the founder of Walmart. She is the second child of Sam Walton and Helen Walton.

Alice Walton grew up in Bentonville, Arkansas, and attended Bentonville High School. After graduating in 1966, she went on to attend Trinity University in San Antonio, Texas, where she studied economics and finance. However, she dropped out of college before completing her degree.

Alice Walton started her career as an equity analyst and money manager for First Commerce Corporation in Little Rock, Arkansas. She also served as Vice Chairman of the Board of Directors for Arvest Bank Group, Inc.

Alice Walton is best known for her immense wealth, which is estimated to be around $63 billion, making her one of the richest women in the world. Her wealth comes from her shares in Walmart, the world’s largest retailer, which was founded by her father in 1962. Alice Walton inherited a portion of her father’s fortune after his death in 1992, and her wealth has continued to grow steadily ever since.

Despite her immense wealth, Alice Walton is known for her philanthropic work. In 2011, she founded the Crystal Bridges Museum of American Art in Bentonville, Arkansas, which houses a collection of American art from the colonial era to the present day. The museum has been a major cultural attraction in the region and has helped to promote the arts in the area.

In addition to her work with the museum, Alice Walton has also donated millions of dollars to various charitable causes, including education, healthcare, and the environment. She is known for her support of charter schools and has donated millions of dollars to organizations that promote educational reform.

Overall, Alice Walton is a prominent figure in the world of business and philanthropy. Her wealth, which is tied to her family’s success in retail, has enabled her to make significant contributions to various charitable causes, and she continues to be an influential figure in the world of philanthropy.

Timeline:

• 1949: Born in Arkansas, USA
• 1988: Founded Llama Company, an investment bank
• 1992: Left Llama Company and founded the Alice L. Walton Foundation
• 1998: Began collecting art and opened Crystal Bridges Museum of American Art in Arkansas
• 2021: Became the richest woman in the world with a net worth of over $60 billion

Interesting facts:

1. Alice Walton is the daughter of Walmart founder Sam Walton and the heiress to the Walmart fortune.
2. She has been a horse lover and breeder for over 30 years, and owns a horse ranch in Texas.
3. Walton has faced several controversies, including being arrested for DUI in 2011 and causing a car accident that injured another driver in 1983.
4. In addition to her art collection, Walton has also been involved in philanthropy, focusing on education and the arts.
5. Walton is a strong advocate for rural America and has invested in several small towns in her home state of Arkansas.

Quotes:

1. “I have always been fascinated by art and how it speaks to the human spirit.”
2. “I believe that the arts have the power to inspire and uplift people from all walks of life.”
3. “My goal is to share the beauty and richness of American art with as many people as possible.”
4. “I have always been passionate about horses, and I believe they can teach us a lot about life and ourselves.”
5. “I am proud to support the communities and people of rural America, and to help them thrive and grow.”