A look inside Walmart heiress Alice Walton’s $59 billion empire

Walmart heiress Alice Walton is one of the richest women in the world.

Have you ever wondered what it feels like to be one of the richest people in a group? Well, that’s easy, yes? Here’s another one. Have you ever wondered what it feels like to be one of the richest heiresses in the world? Not many people can identify with that, right? That is it! That’s exactly what it feels like to be Alice Walton, the billionaire heiress of Walton’s Walmart empire who hasn’t stopped making money in a very long time. We’ll talk about what it feels like to be Alice Walton, but first, who is she? And more importantly how did she earn her net worth which is about 59 thousand dollars? These and many more questions will be answered if you take the time to read this piece to the end.


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Alice Walton: A Biography

A photo of Alice Walton
Via Flickr/How Richest

Born on October 7, 1949 in Newport, Arkansas, Alice Louise Walton is known as the second richest woman in the world. She grew up in Bentonville, Arkansas with 3 brothers who cherished and adored her. She attended Bentonville High School and graduated in 1966, after which she went on to study economics at Trinity University in San Antonio, Texas. She would later graduate from Trinity University with a BA in economics and finance. Alice is the heiress to the Walmart fortune and as of 2016, she owned over $11 billion in Walmart stock. She now has a net worth of $59 billion, just behind Francoise Bettencourt Meyers from France and immediately followed by Julia Koch on the list of the top 10 richest women in the world. Now that you know who Alice Walton is, let’s not stop there, let’s take it a step further and explore everything she’s done to amass a net worth of $59 billion and earn a spot among the world’s richest women!

It all started with Walmart

A photo of Alice Walton
Via Flickr/Walmart

What we have not mentioned in this piece is that Alice Walton is the daughter of Sam Walton, the hard-working Oklahoma kid who built a multi-billion dollar empire against all odds and became one of the richest men in the world. . Well, we thought you would have figured that out by now. You see, even if Alice didn’t make all of her money by being a Walton heiress, the Walton empire contributed a lot to her net worth. Alice worked at Walmart as a buyer of children’s clothing shortly after graduating. That was about all she did at Walmart before her father’s death in April 1992. After her father’s death, Alice inherited a 13 percent interest in Walmart through the family’s trust and business. Actually, her father had split his stock in Walmart equally between Alice and her 3 brothers. With this legacy, Alice Walton has made nothing less than $7 billion from stock sales and dividends.

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Alice and her career orientation

A photo of Alice Walton
Via Flickr/Archives of American Art, Smithsonian Institution

Alice had always wanted to earn and own her own money. So while her 3 siblings spent their time working for Walmart, Alice decided to pursue her own career path. After working at Walmart after graduation, Alice began working as an equity analyst at First commerce Corporation before becoming an options trader and broker at EF Hutton. She did this until she became vice president and head of investments at Arvest Bank Group, known as the Walton family bank. In 1988, Alice Walton founded Llama Company as president, chairman and CEO. She would later serve as chair of the Northwest Arkansas Council and play a critical role in the development of the Northwest Arkansas Regional Airport by providing $15 million in initial funding for construction, while her company, Llama Company, also issued a $79 bond. donated .5 million. In recognition of her contribution to the development of the airport, the terminal building was named Alice L. Walton. In further recognition of her philanthropic deeds for the development of the airport, she was inducted into the Arkansas Aviation Hall of Fame in 2001.

Alice Walton’s most prominent investments

A photo of Alice Walton
Via Flickr/Fayetteville Flyer

Alice’s Llama Company closed in the late 1990s due to the 1998 bond market crash and subsequently bought a ranch in Millsap, Texas, and moved there. She would later name the ranch Walton’s Rocking W Ranch. As a horse lover, Alice had a reputation for recognizing which colts and foals grow into great cutters. After making a lot of money from the ranch and in an effort to move on to other ventures, Alice put the ranch up for sale in 2015 and moved to Fort Worth, Texas with the intention of focusing on the Crystal Bridges American Art Museum where she started. Bentonville, Arkansas in 2011. It’s no secret that Alice is a lover of American art and would buy any work she deems suitable for her collection, regardless of price.

Her collection includes works by Norman Rockwell, John Singer Sargent and Asher B. Durand. As a businesswoman, Alice owns shares in several companies around the world and collects billions of dollars in dividends every year. In fact, her father described her as the child most like him and even more volatile than him in his 1992 autobiography titled Made in America.

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Sources: Finty, Capitalism and Bloomberg.

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