What Is Walmart Heiress Alice Walton's Net Worth?

Alice Walton's net worth

Alice Walton, daughter of Walmart founder Sam Walton, boasts a staggering net worth of $68 billion, making her one of the wealthiest women globally and ranking her among the top 20 richest individuals. Her immense wealth is primarily attributed to her inheritance as the heiress to the Walmart fortune.

What are Alice Walton's sources of income?

Alice Walton's substantial wealth primarily derives from her stake in Walmart, acquired through the Walton Family Holdings Trust and Walton Enterprises. Assuming Sam Walton equally split his shares among his four children, Alice's 13% stake amounts to billions. Her financial career began as an equity analyst at First Commerce, followed by an options trader role at E.F. Hutton. She later served as vice-chairman and head of investments at Arvest Bank, owned by the Walton family. Alice founded her investment bank, Llama Company, and acted as its CEO until it closed in 1998 after the bond market crash. Moreover, her contributions extend to the establishment of the Northwest Arkansas Regional Airport, where she provided $15 million in initial funding and underwrote a $79.5 million bond through her investment bank. Alice's immense passion for art also plays a role in her financial portfolio. She is an avid art collector, having founded the Crystal Bridges Museum of American Art in her hometown. This museum features a vast art collection valued at around $500 million, contributing to her diverse sources of income.

Alice Walton's salary

Alice Walton is a part of the Walton family, known as the richest family in the United States. Their collective wealth surpasses $200 billion, making them the wealthiest non-royal family globally. This vast wealth is managed through their holding company, Walton Enterprises LLC. Since 1992, she and her siblings have collectively earned approximately $10 billion from company dividends.  

Alice Walton's assets

In 2014, Alice Walton acquired a lavish duplex in Manhattan for $25 million, spanning the 30th and 31st floors of 515 Park Avenue, offering breathtaking city and park views. The 6,286-square-foot duplex also includes a separate one-bedroom guest apartment. Additionally, in 2015, Alice Walton listed two expansive ranches in Texas for a combined sum of nearly $50 million. She had resided on these properties since her time at Llama Corp in the late '90s. The first ranch was priced at $19.8 million, while the larger second ranch carried a $28.7 million price tag. These vast lands encompass over 5,872 acres with existing buildings and picturesque landscapes, drawing interest from potential investors due to the possibility of oil reserves on the land.

Alice Walton's art collection

Alice Walton boasts a substantial art collection, comprising works from renowned artists like Daniel Fraad, Rita Fraad, Asher Brown Durand's iconic "Kindred Spirits" (acquired for $35 million), Norman Rockwell's "Rosie the Riveter" ($4.9 million), Georgia O'Keeffe's "Flower No. 1" ($44.4 million), and Robert Rauschenberg's "Buffalo II" (a staggering $88.8 million). She also holds art by Winslow Homer, Edward Hopper, Charles Wilson Peale, Alfred Maurer, and Tom Wesselmann.

Alice Walton's personal life

Alice Louise Walton, born on October 7, 1949, in Newport, Arkansas, hails from a family deeply intertwined with the world of retail. Walton's personal life has seen its share of significant events. At the age of 24, she married a prominent Louisiana investment banker in 1974, but their marriage ended in divorce after just two and a half years.

Alice Walton has faced personal adversity, notably a severe car accident. During a Thanksgiving family reunion near Acapulco in 1983, she lost control of a rented Jeep, resulting in a harrowing plunge into a ravine that left her with a shattered leg. Her recovery involved more than two dozen surgeries, and she continues to experience lingering pain from her injuries.

FAQs

What is Alice Walton's passion?

Alice Walton has a profound love for horses, actively engaging in equestrian sports, including competitive horse shows.

What is Alice Walton's political involvement?

Alice Walton was the 20th largest contributor to the 2004 United States Presidential Election, donating $2.6 million to the conservative Progress For American Group, which supported George W. Bush and the U.S. occupation of Iraq.

What philanthropic causes does Alice Walton support?

Alice Walton is a dedicated philanthropist, focusing her efforts on K-12 education, economic development in the Mississippi Delta and northwest Arkansas regions, as well as environmental conservation through the Walton Family Foundation.