Alice Walton Net Worth: $34.4 Billion
Alice Walton is the heiress to the well-known Wal-Mart franchise, which was founded by her father Sam Walton in 1962. She studied Economics and Finance in Trinity University in Texas. However, her passion lies mostly on the arts, as she is known to make extremely high bids on art pieces. She is well-known for bidding a total of $20 million in one auction. She collects notable works from celebrated American artists such as Winslow Homer, Asher Brown Durand, and Edward Hopper. Her vision in creating the Crystal Bridges Museum of American Art stems from wanting a venue that celebrated American art as well as its artists. She also wants the museum to become a place of learning for the younger generation. Alice Walton’s most recent estimated net worth is $34.4 billion.
How did Alice Walton make her money?
Alice Walton founded Llama Company, an investment bank that handled corporate, public, and structured finance, as well as trading and sales. However, she closed Llama Company and helped in developing the Northwest Arkansas Regional Airport through the Northwest Arkansas Council, where she was named their first chairperson. Because Walton carried the financial burden of constructing the airport, its terminal building was named in her honor and she was inducted into the Arkansas Aviation Hall of Fame.
Walton, together with her two male siblings and her sister-in-law, owns 51% of their family business, though she does not hold an active role in the Wal-Mart company. She focuses on the arts, collecting various highly prized artworks instead. She then displays the pieces at the Crystal Bridges Art Museum of American Art, which she founded. With her net worth, she holds the position as the third wealthiest woman in the world.