Alice Walton Net Worth 2021: Husband | Bio

Who is Alice Walton?

She is an American Businesswoman and the proud honour of the American multinational retail company Walmart. In September 2016 she gained over $ 11 billion (Rs 8,05,54.98 Cr) from the Walmart share making her the 20th richest person according to the Daily ranking publisher of the world’s wealthiest woman in “The Bloomberg Billionaires Index”.

On 5th March 2021 data published by American Business Magazine Forbes, she is 2nd wealthiest woman in the world behind the Francoise Bettencourt Meyers of France who is the principal shareholder of French personal care company L’Oreal. She is a 13%  shareholders in the Walton Family Holdings Trust and Walton Enterprises. Since 1992 she has earned $ 7 billion (Rs 5,12,62.26 Cr) from the stock sale. She is also building a Crystal Bridges Museum of American Art in Bentonville.

Early life

She was born on 7th October 1949 in Newport City the county seat of Jackson County, Arkansas, United States. Her father Samuel Moore Walton was an American businessman and her mother Helen Robson Walton was a philanthropist.

She becomes graduate from Bentonville High School in 1966. After that, she studied at Trinity University which was in San Antonio, the second-most populous city in the Texas United States. There she studied economics and completed her Bachelor of Arts Degree.

Career

She started her career as an equity analyst and Money Manager in the First Commerce Corporation. She was also a broker of American stock brokerage firm EF Hutton. In 1988 she founded an Investment bank The Llama Company and becomes president, chairwoman and CEO.

At that time The business leader of Northwest Arkansas Council found a need of  $ 109 million (Rs 7,98.22 Cr) for the construction of an airport in Northwest Arkansas. Her company The Llama Company initially funded $ 15 million (Rs 1,09.84 Cr) against the underwrote bond of  $ 79.5 million (Rs 5,82.19 Cr). And later on, she was included in the Arkansas Aviation Hall of Fame in 2001.

She closed her company The Llama in 1998 & moved to Millsap, parker county, United States. In 2004 she purchased the art sold from the collection of Daniel Fraad & Rita Fraad at the  British-founded American multinational company “Sotheby”.

Next year in 2005 she purchased American painter Asher Brown Durand’s celebrated painting for $ 35 million (Rs 2,56.31 Cr).In 2009 she also acquired the American painter Norman Perceval Rockwell’s painting for $ 4.9 million (Rs 35.88 Cr).

She was the 20th largest contributor of the 527 committees in the 2004 United States presidential election & donated $ 2.6 million (Rs 19.04 Cr) for the progress of the America voter fund. In January 2012  she also funded the $ 200,000 (Rs 1.46 Cr) to the Political Action Committee Restore Our Future. In 2016 she along with her family donated $407 million (Rs 29,80.53 Cr)  in Walmart shares to a Family Trust which workes in philanthropy.

She has another side of a woman who is an artist. The Interest in arts led her family to the foundation & development of the Crystal Bridges Museum of American Art. The museum has opened on 11th November 2011. It also offers free admission to the public. It has an art collection of more than $ 500 million (Rs 36,61.59 Cr). The museum spreads over 200,000 square feet area.

Personal life

She Married an investment banker from Louisiana, a state in the Southcentral region of the United States in 1974. But after 2.5  years later they got separated. According to American Business Magazine Fobes after they got separated she soon married “the contractor who built her swimming pool” but they also separated in a very short time.