Alice Walton Biography: Age, Net Worth, Siblings, Parents, Height, Children, Husband

Alice Walton is an American philanthropist and heiress to the Walmart fortune.

She is widely recognized for her substantial contributions to the arts, education, and healthcare.

She has donated an estimated $1.5 billion to various causes throughout her lifetime.

In 2011, Walton founded the Crystal Bridges Museum of American Art, a prominent institution that showcases American art.

She also established the Alice L. Walton Foundation in 2017, which is dedicated to improving access to arts and education.

In a notable recent initiative, Wa: Elton pledged $249 million to create the Alice L. Walton School of Medicine in Arkansas, which is set to open in 2025.

Her philanthropic endeavors are focused on enhancing community well-being and expanding cultural access.

Profile

• Full Name: Alice Louise Walton
• Stage Name Alice Walton
• Born: October 7, 1949
• Age: 75 years old
• Birthplace: Newport, Arkansas, United States
• Nationality: American
• Occupation: American philanthropist
• Height: Unknown
• Parents: Sam Walton and Helen Walton
• Siblings: Jim C. Walton, S. Robson Walton and John T. Walton
• Spouse: Louisiana (1974–19
• Children: Unknown
• Relationship: Unmarried
• Net Worth: $100 billion

Early Life And Education

Alice Louise Walton was born on October 7, 1949, in Newport, Arkansas, United States, as the only daughter of Sam Walton, the founder of Walmart, and Helen Walton.

She has three brothers: Jim C. Walton, S. Robson Walton, and John T. Walton. Walton graduated from Bentonville High School in 1966 before earning a Bachelor of Arts in Economics from Trinity University in San Antonio, Texas. Of Caucasian descent, she practices Christianity.

Career

Alice Walton began her career in the financial sector as an equity analyst and money manager for First Commerce Corporation. She then headed investment activities at Arvest Bank Group and served as a broker for EF Hutton.

In 1988, Walton founded Llama Company, an investment bank, where she held multiple leadership positions, including president, chairwoman, and CEO. She was crucial in developing the Northwest Arkansas Regional Airport, providing $15 million in initial funding and underwriting a $79.5 million bond.

Her contributions were recognized when the terminal was named the Alice L. Walton Terminal Building, and she was inducted into the Arkansas Aviation Hall of Fame in 2001. Walton’s passion for art began at an early age, when she purchased her first piece, Picasso’s Blue Nude, at just ten years old.

Over the years, her art collection grew to include works by renowned artists such as Winslow Homer, Edward Hopper, and Norman Rockwell. This passion led to creating the Crystal Bridges Museum of American Art in Bentonville, Arkansas, which opened in 2011.

Designed by architect Moshe Safdie, the 200,000-square-foot museum sits on 120 acres of Walton family land and has attracted over 5 million visitors. The museum offers free admission, embodying Walton’s goal of providing art access to people who have never experienced it.

In addition to her interests, Walton has made significant philanthropic contributions through the Alice L. Walton Foundation, established in 2017. The foundation focuses on arts, education, healthcare, and economic opportunity.

It has funded initiatives such as a $3 million donation to the University of Central Arkansas for its fine arts program and a $1.28 million grant to expand school healthy food programs.

Walton’s philanthropic efforts include a $3.5 million grant to the Northwest Arkansas Food Bank in 2022. These initiatives reflect her ongoing commitment to enhancing access to education, healthcare, and cultural resources.

Social Media

• Instagram handle: @forbesmiddleeast

Personal Life

Alice Walton has been married twice. Her first marriage was to a Louisiana investment banker in 1974, but the couple divorced after two and a half years.

She remarried shortly afterward to the contractor who built her swimming pool, though this marriage ended quickly. Walton has no children and has since focused on her philanthropic efforts and art collection.

Net Worth

Alice Walton, the American philanthropist, and Walmart heiress, was estimated to have a net worth of $100 billion as of late September 2024. This substantial wealth surge is attributed to Walmart’s strong stock performance. Walton ranks as the 18th wealthiest person in the world and holds the title of the richest woman globally.