[31][33], This page is about the businessperson, for the archaeologist and classicist see, Wealthiest people in the United States by state, "ALICE L WALTON Insider Trading Overview", "Inside the World of Walmart Billionaire Alice Walton, America's Richest Art Collector", "Arkansas Women's Hall of Fame: Alice walton", "Alice Walton to receive honorary degree from the University of Arkansas", "Group to consider naming airport terminal after Wal-Mart heiress", "Airport board names terminal after Alice Walton", "Alice Walton: Working to bring the world to Arkansas' door", "Alice Walton's big picture: The Wal-Mart heir turns her eye, and her money, to art collecting", "Alice Walton cuts prices on two ranch properties", "Wal-Mart heiress selling these 'iconic' ranches for $48 million", "Wal-Mart heiress brings art museum to the Ozarks", "New York Public Library's Durand Painting Sold to Wal-Mart Heiress", "Alice Walton on Her Crystal Bridges Museum of American Art", "Have the Waltons chosen their nominee? Walmart is the world's largest retailer by revenue with annual sales of $500 billion from its nearly 12,000 stores around the world. [16][17][18], 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."[9]. Walton and her mother would often paint watercolors on camping trips. Alice Walton, the youngest sibling, has never taken an active role running the business and has instead become a patron of the arts. All rights reserved. She has focused on curating art, rather than working for Walmart like her siblings, Rob and Jim. Sure looks like it!

", "Walmart's Walton family backing Clinton", Forbes The World's Billionaires: Alice Walton, Forbes The 400 Richest Americans: Alice Walton, Alice Walton's contributions to Crystal Bridges Museum, Why Wal-Mart Works; and Why That Drives Some People C-R-A-Z-Y, Women's Emergency Committee to Open Our Schools, Religious Sisters of Mercy of the Americas, Alpha Kappa Alpha Sorority’s Beta Pi Omega Chapter, Hispanic Women's Organization of Arkansas, https://en.wikipedia.org/w/index.php?title=Alice_Walton&oldid=985477100, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 October 2020, at 04:54. The biggest stories in fast food, shopping, and more. since.

Email us at homesubmissions@huffingtonpost.com. [9], In 2005, Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, in a sealed-bid auction for a purported US$35 million. [7][8], 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.

Alice Walton has been married twice. The three children of Walmart founder Sam Walton co-own Walton Enterprises, which is the biggest shareholder of the company and the reason behind their wealth. The first marriage, in 1974 , was to a Louisiana investment banker which lasted two and a half years. [6][13][14] An avid horse-lover, she was known for having an eye for determining which 2-month-olds would grow to be champion cutters.

How do you paint loneliness? According to Bloomberg's Billionaires Index, the Walmart heirs now have a combined wealth of $163.2 billion, which is more than Jeff Bezos, Bill Gates, and Warren Buffett. Here's proof of the magic of Flickr: You can find great house tours from the '60s (and beyond).Today's find is the Bentonville, Arkansas Walton family house, as photographed in 1961. According to Forbes, she married "the contractor who built her swimming pool" soon after, "but they, too, divorced quickly". [6] In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman and CEO.

However, despite their fortune, the Waltons seem to live a pretty modest life, at least in public. [24] Another painting, by Tom Wesselmann, is titled "Smoker #9[25]" and depicts a hyper realistic, disembodied hand and mouth smoking a cigarette. Only one of the siblings, Rob Walton, sits on the board of the company. [28] Despite hailing from a largely Republican family, Alice donated $353,400 to the Hillary Victory Fund, a joint fundraising committee supporting Clinton and other Democrats, in 2016. [32] In 1998, she hit a gas meter while driving under the influence of alcohol. You know the Waltons better as the family behind Walmart. Fee-only vs. commission financial advisor, These are the 20 biggest retailers in America. Walmart is the world's largest retailer by revenue with annual sales of $500 billion from its nearly 12,000 stores around the world. [26], In a 2011 interview, she spoke about acquiring great works by other artists. You know the Waltons better as the family behind Walmart. [6][32] In April 1989, she struck and killed 50 year-old Oleta Hardin, who had stepped onto a road in Fayetteville, Arkansas. She lost control of a rented Jeep during a 1983 Thanksgiving family reunion near Acapulco and plunged into a ravine, shattering her leg. [8] She was also a broker for EF Hutton. [10] Her company, Llama Company, underwrote a $79.5 million bond. in economics. James Walton, his brother, served on the board until 2016, before being replaced by his son Steuart in 2016. Welcome to the Historic Walton House. Subscriber Here's what we do know about how the wealthy family spends its fortune: The Walton family own 50% of Walmart's total stock between them. [11] She was inducted into the Arkansas Aviation Hall of Fame in 2001. [27] As of January 2012, Walton had contributed $200,000 to Restore Our Future, the super PAC associated with Mitt Romney's presidential campaign. Account active [29], Walton married a prominent Louisiana investment banker in 1974 at age 24, but they were divorced 2½ years later. Unearthed by the fabulous Flickr user MidCentArc, the photos give a peek into a relatively modest (for a family whose riches could afford a San Simeon of their own) home that checks off all the '60s trends: Geometric cut-outs, stacked stone, low-slung furniture and built-ins. Alice Walton is the only daughter of Walmart founder Sam Walton.

as well as other partner offers and accept our. Have something to say? The Wal-Mart heiress spends the majority of her time at here, living in this modest one story 4,432 square foot house on a ranch. [4] As of September 2020, Walton has a net worth of $68.8 billion, making her the 12th-richest person and the 1st-richest woman in the world. She was airlifted out of Mexico and underwent more than two dozen surgeries; she suffers lingering pain from her injuries. [9] Her interest in art led to the Walton Family Foundation developing the Crystal Bridges Museum of American Art in Bentonville, Arkansas. Now she is the richest art collector in America. She paid a $925 fine. A leading-edge research firm focused on digital transformation. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider

When the company has a good quarter, the family makes millions of dollars in dividends.

[10] Walton provided $15 million in initial funding for construction. Walmart shares surged more than 10% on Thursday on news of its strong quarterly earnings report, giving the company's founding family an $11.6 billion boost in net worth, Bloomberg reported. [23], Walton's attempt to quit smoking inspired her to purchase a painting reminiscent of an earlier painting by John Singer Sargent by Alfred Maurer which depicts a full-length woman smoking. [12], In the late 1990s, Llama Co. closed and, in 1998, Walton moved to a ranch in Millsap, Texas, named Walton's Rocking W Ranch. [9][30][31], Walton has been involved in multiple automobile accidents, one of them fatal. She went on to say "and Andrew Wyeth-the mystery and loneliness that is expressed. Part of HuffPost Home & Living. [20] She has also purchased works by American painters Winslow Homer and Edward Hopper, as well as a notable portrait of George Washington by Charles Willson Peale,[21] in preparation for the opening of Crystal Bridges. Historic Walton House Today's find is the Bentonville, Arkansas Walton family house, as photographed in 1961. This family home also was built before Walton opened the first Walmart, in 1962. [1] She was raised along with her 3 brothers in Bentonville, Arkansas and graduated from Bentonville HS in 1966.

Source: Business Insider and The Phoenix New Times.

She's regarded as one of the world's most important art collectors. Here's proof of the magic of Flickr: You can find great house tours from the '60s (and beyond).

(PR pitches sent to this address will be ignored.). She would paint water color art alongside her mother on camping trips. She then married her swimming pool contractor which too ended in a divorce.Alice Walton has an interest in art, she made her first art purchase when she was 10 years of age.

[5], Walton was born in Newport, Arkansas. She graduated from Trinity University in San Antonio, Texas, with a B.A. As of September 2020, Walton has a net worth of $68.8 billion, making her the 12th-richest person and the richest woman in the world. She described Marsden Hartley as "one of my favorite artists-he was a very complex guy, somewhat tormented, but a very spiritual person, and love the emotion and the feel and the spirituality of his work". In September 2016, she owned over US$11 billion in Walmart shares. Sign up for Insider Retail.

Historic Walton House. In December 2004, Walton purchased art sold from the collection of Daniel Fraad and Rita Fraad at Sotheby's, in New York. [6], In her early career, Walton was an equity analyst and money manager for First Commerce Corporation[7] and headed investment activities at Arvest Bank Group. Check out HuffPost Home on Twitter, Facebook, Do you have a home story idea or tip? Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. Even back then, it wasn't quite what we expected from a family with a vast fortune. ©2020 Verizon Media. In fact, they are worth more than $70 billion more than the second-richest family in the United States, the Kochs. In January 2016, Alice donated 3.7 million of her Walmart shares — worth about $225 million at the time — to the family's nonprofit, the Walton Family Foundation. [31] Witnesses stated that Walton was speeding at the time, but no charges were filed. [22] In 2009, Walton acquired Norman Rockwell's "Rosie the Riveter" for $4.9 million.

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