Alice Walton, the second-richest woman in the world, has a fascinating life story that includes a career in finance, a passion for art, and a few unexpected twists and turns. In this article, we will explore Alice Walton net worth, early life, career, personal life, and what makes her famous. We will also answer some frequently asked questions about Alice Walton.
What is Alice Walton Net Worth and Salary in 2023?
In 2023, Alice Walton’s net worth is estimated to be $60.3 billion, making her one of the wealthiest women in the world. Her fortune primarily comes from her stake in Walmart, the retail giant founded by her father, Sam Walton.
As for her annual salary, Alice Walton earns an estimated $5 billion per year. Throughout her life, she has been involved in various ventures, including founding Llama Company, an investment bank, and developing the Rocking W Ranch and Fortune Bend Ranch. Additionally, she has a passion for art and built an art museum in Bentonville, Arkansas.
Alice Walton Overview
Early Life
Alice Walton was born on October 7, 1949, in Newport, Arkansas. During her early life, Alice Walton grew up in Bentonville, Arkansas, with her parents, Sam and Helen Walton, and her three brothers, Rob, John, and Jim.
During her educational journey, Alice Walton enrolled at Bentonville High School, where she actively participated in a range of extracurricular activities, showcasing her engagement as a student.
From a tender age, Alice Walton displayed a profound passion for the arts, frequently immersing herself in school plays and art classes, nurturing her creative inclinations.
Following her high school graduation, Alice Walton embarked on her higher education at Trinity University located in San Antonio, Texas. There, she focused her studies on economics and finance, further expanding her knowledge in these fields.
Career
Following her graduation, Walton embarked on a career in finance and worked for a brief period at First Commerce Corporation in New Orleans. Later, she moved back to Arkansas and became the equity analyst and money manager for the family’s investment company, Walton Enterprises.
She then headed investment activities at Arvest Bank Group and worked as a broker for EF Hutton. In 1988, Walton founded Llama Company, an investment bank, where she served as president, chairwoman, and CEO.
The firm grew rapidly, becoming a major dealer in trading and underwriting municipal bonds. Walton played a significant role in the development of the Northwest Arkansas Regional Airport, which opened in 1998, as the first person to chair the Northwest Arkansas Council.
Despite her involvement in the family business, Alice Walton began to explore her passion for art. She began collecting artworks, primarily focusing on American art, and quickly gained a reputation for her discerning taste and dedication to supporting artists and cultural institutions.
Driven by her deep love for art, Alice Walton followed her passion and in 2011, she founded the renowned Crystal Bridges Museum of American Art in Bentonville, Arkansas.
The museum houses an extensive collection of American artwork and has become a significant cultural landmark in the region.
Personal Life
Alice Walton has been married twice but is currently not married. In 1974, Alice Walton entered matrimony with an investment banker, and their union endured for nearly three years before coming to an end.
After her divorce, she married the contractor who built her swimming pool, but they divorced soon after.
Why is Alice Walton Famous?
Alice Walton is famous for being an American heiress to the Walmart fortune and the second-richest woman in the world. Her life has involved a career in finance, the creation of a large art museum, political contributions, a passion for horses, and a few accidents along the way.
FAQs about Alice Walton
How did Alice Walton get rich?
Alice Walton got rich from her shares in Walmart.
What does Alice Walton do for a living?
She curates art and runs the Walton Family Foundation.
Who is Alice Walton, the billionaire?
An American heiress to the Walmart fortune.
Who is the richest Walton?
Jim Walton, with an estimated net worth of $65.3 billion.
What is Alice’s height and weight?
She is reported to be 5’8″ and 132 pounds.
Conclusion
Alice Walton’s impressive net worth is a testament to her family’s success in building Walmart into a retail powerhouse. Despite her immense wealth, she has chosen to lead a relatively modest lifestyle and focus on her passion for art and philanthropy.
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