Alice Louise Walton was born on October 7, 1949, in Newport, Arkansas. She is the daughter of Sam Walton, the founder of Walmart. With a net worth of $104.0 billion, Alice is currently the richest woman in the world, according to Forbes. She holds the 17th position on the billionaire list, thanks largely to her family’s connection to Walmart.
Growing up in Bentonville, Arkansas, Alice lived amidst the rise of a retail giant. After completing high school, she attended Trinity University in San Antonio, Texas, where she earned a degree in economics. Instead of following the typical path in retail, Alice focused on the arts, healthcare, and philanthropy, creating her own unique legacy.
Alice comes from a family deeply tied to Walmart. She has three siblings: S. Robson, Jim, and the late John Walton. While her brothers took more active roles in the company, Alice carved out her own identity. She has been married twice but has no children. Her legacy lies in the projects she supports and the communities she serves.
Initially, Alice’s career was rooted in finance. She worked as an equity analyst and money manager at various firms, including Arvest Bank Group. Eventually, she founded Llama Company, an investment bank, where she served as president and CEO. Although Llama Company closed in 1998, her leadership skills shone through during this time.
One of her notable projects was playing a key role in the development of the Northwest Arkansas Regional Airport, earning her a spot in the Arkansas Aviation Hall of Fame in 2001. This achievement reflects her diverse interests and impact beyond just the retail sector.
Alice Walton has made significant contributions to art and healthcare. In 2011, she established the Crystal Bridges Museum of American Art in Bentonville. This museum features works from renowned American artists like Andy Warhol and Norman Rockwell. It has become a cultural landmark and showcases Alice’s passion for the arts.
In healthcare, her vision took shape with the founding of the Whole Health Institute, which was renamed the Alice L. Walton School of Medicine in 2022. This initiative aims to link healthcare and education, ensuring that communities can access holistic healthcare solutions.
Alice’s philanthropic work is largely conducted through the Alice Walton Foundation. This organization focuses on enhancing education, healthcare, and economic opportunities. Through her foundation, Alice is committed to making positive changes in various communities, leaving a lasting impact on society.
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