Alice Walton

Alice Walton is not only known as the daughter of Walmart’s founder, Sam Walton, but she is also a successful businesswoman. Alice Walton has been one of the richest women in the world, with a high net worth, for many years. Using her financial power, Alice has been able to dominate various business sectors very easily.

Similar to her siblings Rob and Jim, she not only involved herself in work at Walmart but also focused on other ventures like art curating. Alice Walton's illustrious career clearly shows that her wealth has not been used solely for personal gain but for cultural enrichment, education, and community development.   

What is Alice Walton’s Net Worth?

Alice Walton is among the richest people on earth with a net worth of $94.3 Billion as of 2024 according to Forbes.

 Alice Walton became one of the richest women in the world because of her Walmart stock, even though she was not actively involved in the management of the firm. 
Walton's large sums of money raise many ethical questions about the role of hereditary wealth in a democratic society, even though Walton donates a great deal of money to charity. Alice Walton owns only 12% ($66 billion) of the stock in Walmart, which serves as a major source for her listing as the second richest woman in the world, trailing Francoise Bettencourt Meyers. 

What is Alice Walton’s claim to fame? 

Alice Walton's claim to fame is largely identified as the heir to the Walmart empire, one of the world's largest retail stores founded by her father, Sam Walton. She is also involved in the art world, where she founded the Crystal Bridge Museum of American Art in Bentonville, Arkansas, which opened in 2011. The museum houses millions of dollars worth of artwork and famous paintings such as "Rosie the Riveter" by Norman Rockwell. Moreover, Alice is involved in various charitable activities related to education, the arts, and community welfare, which has helped her gain strong recognition at the social level.

What businesses does Alice Walton own? 

Walmart is obviously a focal point for Alice Walton’s business endeavors, but her ventures are not limited to just the family legacy. 

• Walmart: According to Fortune, Alice Walton holds around 12% of Walmart, and that is considered a significant source of her net worth. The family legacy of the Waltons has a market cap of $566.35 billion in July 2024, and the average stock price is above $70. Almost a decade ago, she owned more than $11 billion in Walmart shares, but at present, the value of her stocks has risen to approximately $66 billion. 
• Crystal Bridge Museum: The museum was founded by Alice Walton in 2011 with a total investment capital of approximately $1.2 billion. Although it does not operate as a for-profit business, it manages more than 3,000 works of art and experiences an average of 600,000 visitors.
• Llama Company: As one of the richest business people, she founded Llama Company as an investment bank in 1988, which is one of her past businesses. 

These are the major businesses that have been operated by Alice Walton throughout her career. She has invested in several other entities over the past few years. 

How does Alice Walton spend her billions?

As one of the richest women in the world, Alice Walton spends her billions on philanthropy, investments, and art. She developed the Crystal Bridges Museum in FY 2011 by investing around USD 1.2 billion. She has a valuable art collection valued at more than $500 million, and this is seen as an important aspect of her spending. 
Also, Alice has a tendency to spend her billions in the real estate and political sectors. Additionally, she maintains a 10% stake in Walmart while investing millions in cutting horses. 

How many houses does Alice Walton own? 

The exact number of Alice Walton's houses is not publicly disclosed, but based on the available information, a few properties have been confirmed, which are mentioned below.

• New York City: In 2014, Alice Walton bought a $25 million condo on New York's Park Avenue.
• Arkansas Property: She probably owns a residence near the Crystal Bridge Museum in Bentonville, Arkansas, although specific details are not publicly available.
• Texas Home: She also owns a residence in Fort Worth, Texas, which makes her home collection even more valuable. 

Walton is a very private person, and very little is known about her real estate properties.

How big is Alice Walton’s car collection?

Despite having a lot of money and a ton of space available for garages, Alice Walton has little to no interest in automobiles.

• Ford F-150 King Ranch: The second richest woman in the world uses a humble ride for her commutes. The 2006 Ford F-150 King Ranch is among the best pickup trucks of its time, but it isn’t a car you often see a billionaire drive. 

Alice’s nonchalance towards cars might be a result of her accidents with different vehicles. She was even involved in a fatal mishap when he lost control of a rented Jeep in 1983

What are the Charitable Contributions of Alice Walton? 

Alice Walton and her entire family donate billions of dollars almost every year to different charitable organizations. 

• Charter Schools: The Walton Family donates to Charter Schools quite often, and in 2000, Alice Walton alone donated $1.6 billion through two separate contributions. 
• Development of Art School: Alice Walton’s devotion to art is well-known, and she donated around $120 million to develop the School of Art at the University of Arkansas in 2017.
• Northwest Arkansas Regional Airport: She also donated almost $95 million to establish the regional airport in Arkansas in 1998. 
• Regional Development: Alice contributed $194.7 million in grants for regional development in the state of Arkansas in 2011. 

Museums: Most recently, in 2023, she donated $40 million to 64 museums in Puerto Rico, Delaware, Kansas, and several other cities around the United States.

What’s next for Alice Walton?

Alice Walton is now focused on increasing the scale of her charitable activities, particularly in the fields of art and education. She is proud to contribute to cultural development by increasing the influence of the Crystal Bridge Museum of American Art and introducing regional museums to traveling exhibitions. Moreover, she has been active in other developmental programs aimed at educational as well as cultural improvement in society

Also Read:

• Rob Walton's Net Worth
• Michael Bloomberg's Net Worth
• Steve Ballmer's Net Worth