THE RICHEST WOMEN IN WORLD ALICE WALTON .

July 22, 2020 By Swapnil Suryawanshi

Alice Louise Walton is an American heiress to the fortune of Walmart Inc. She is the daughter of Walmart founder Sam Walton and Helen Walton, and sister of S. Robson Walton, Jim Walton and the late John T. Walton. In September 2016, she owned over US$11 billion in Walmart shares. 

Born: 7 October 1949 (age 70 years), Newport, Arkansas, United StatesNationality: AmericanNet worth: 6,250 crores USD (2020)Spouse(s): DivorcedKnown for: Heiress, Walton family fortuneEducationBentonville High SchoolTrinity University

Who is the richest woman on earth :

Alice WaltonThe world’s richest women — and how they’re supporting pandemic causes. Alice Walton of Walmart is worth a reported $54.4 billion, making her the world’s richest woman.

How did Alice Walton get rich :

With an estimated net worth of $35 billion, Alice Walton is the third richest woman in America and one of the wealthiest women in the world. … Much of Alice Walton’s wealth comes from her shares in Wal-Mart. Alice and her brothers own more than a 50% stake in Wal-Mart and receive substantial dividends from the company.

Much of Alice Walton’s wealth comes from her shares in Wal-Mart. Alice and her brothers own more than a 50% stake in Wal-Mart and receive substantial dividends from the company. The Walton’s combined income from Wal-Mart is that of 42% of combined lower income Americans families.

Political contributions :

Alice Walton was the 20th-largest individual contributor to 527 committees in the U.S. presidential election 2004, donating US$2.6 million to the conservative Progress for America group. As of January 2012, Walton had contributed $200,000 to Restore Our Future, the super PAC associated with Mitt Romney‘s presidential campaign. 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.

Early life and education :

Walton was born in Newport, Arkansas. She was raised along with her 3 brothers in Bentonville, Arkansas and graduated from Bentonville HS in 1966. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics.

External links :

https://www.forbes.com/lists/2007/54/richlist07_Alice-Walton_9S8R.html

Career :

In her early 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 $109 million regional airport in their corner of the state. Walton provided $15 million in initial funding for construction. Her company, 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.

Personal life[edit]

Walton married a prominent Louisiana investment banker in 1974 at age 24, but they were divorced 2½ years later. According to Forbes Magazine, she married “the contractor who built her swimming pool” soon after, “but they, too, divorced quickly”.

Art :

Crystal Bridges Museum of American Art, Bentonville, Arkansas

Walton and her mother would often paint watercolors on camping trips.  Her interest in art led to the Walton Family Foundation developing the Crystal Bridges Museum of American Art in Bentonville, Arkansas.

In December 2004, Walton purchased art sold from the collection of Daniel Fraad and Rita Fraad at Sotheby’s, in New York.

Where does Alice Walton live now :

Fort WorthBut her career really began in finance, which led her to founding Llama Company, an investment bank, in 1988. She now lives in Fort Worth, Texas, which makes her the richest person in Texas.Apr 8, 2020