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Alice Walton
Summary
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. In September 2016, she owned over in Walmart shares. As of October 2022, Walton has a net worth of 56.7 billion and moved her to the third line in the ranking of the richest women.
Walton was born in Newport, Arkansas. She was raised along with her three brothers in Bentonville, Arkansas and graduated from Bentonville High School in 1966. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics.
Early in her career, Walton was an equity analyst and money manager for First Commerce Corporation and headed investment activities at Arvest Bank Group. She was also a broker for EF Hutton. In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman and CEO.
Walton was the first person to chair the Northwest Arkansas Council and played a major role in the development of the Northwest Arkansas Regional Airport, which opened in 1998. At the time, the business and civic leaders of Northwest Arkansas Council found a need for the 15 million in initial funding for construction, and Llama Company underwrote a $79.5 million bond. The Northwest Arkansas Regional Airport Authority recognized Walton's contributions to the creation of the airport and named the terminal the Alice L. Walton Terminal Building. She was inducted into the Arkansas Aviation Hall of Fame in 2001.
Llama Company closed in 1998.
In his 1992 autobiography Made in America, Sam Walton remarked that Alice was "the most like me—a maverick—but even more volatile than I am."
Walton and her mother would often paint watercolors on camping trips. The first piece of art Walton purchased was a print of Picasso's Blue Nude when she was ten years old; it cost her 5 weeks allowance.
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