Meet Alice Walton, the visionary heiress of the Walmart family, whose love of art and dedication to philanthropy have made an unforgettable effect on the globe.Alice Louise Walton was born on October 7, 1949, in Newport, Arkansas. She grew up in Bentonville, Arkansas, where her father, Sam Walton, founded Walmart. Unlike her siblings, Alice chose a path away from the retail company, allowing herself to pursue her passion for painting.
Education
Alice’s education began in Bentonville High School, where she graduated in 1966. Continuing her education, she received a Bachelor of Arts degree in Economics from Trinity University in San Antonio, Texas.
Career
Alice started her professional career as a stock analyst and money manager, honing her abilities at First Commerce Corporation and Arvest Bank Group. She later worked in brokerage with EF Hutton before launching Llama Company in 1988, where she held key positions such as president, chairwoman, and CEO. Her innovative leadership helped shape the Northwest Arkansas Regional Airport, earning her a position in the Arkansas Aviation Hall of Fame in 2001. Alice’s business drive remained strong even after Llama Company discontinued operations in 1998.
Alice Walton’s masterpiece, the Crystal Bridges Museum of American Art, opened in her hometown of Bentonville, Arkansas, in 2011. This iconic institution exemplifies her commitment to make art accessible to everyone.
Personal Life
Despite life’s challenges, including two marriages and divorces, Alice Walton’s dedication to philanthropy and art has remained unshakeable. Her path from Texas ranches to Bentonville exemplifies resilience and determination.
Philanthropies
Alice Walton’s charity efforts go far beyond her financial standing. She supports initiatives in education, healthcare, and the arts, carrying on her parents’ charitable legacy. The Alice L. Walton Foundation promotes arts, education, health, and economic possibilities, while the Whole Health Institute aims to transform holistic healthcare. These projects reflect her unselfish attitude.
Net worth
According to Forbes, Alice Walton’s net worth is $72 billion, making her the 21st richest person in the world and the second-wealthiest woman as of early 2024.