Why are they Famous? Alice Walton- The Skinny

Why are they Famous? Alice Walton- The Skinny
Born in Newport, Arkansas, Alice is reputedly residing in Fort Worth nowadays. At age 69 she is one of the richest women in the world and the 19th richest person overall.

Alice Walton was one of four siblings born to Sam Walton – the co-founder of Walmart stores. As you can probably guess, Sam left billions of dollars to his children, with Alice being the middle child of the three remaining heirs. Alice herself is worth an estimated 46 billion USD – but with so much wealth how does she go about holding on to it all? We wanted to know where all that money comes from, so we took a closer look.

Walmart stores

Born in Newport, Arkansas, Alice is reputedly residing in Fort Worth nowadays. At age 69 she is one of the richest women in the world and the 19th richest person overall. Together her family own over $11 billion in shares of the company and they take in around a half a trillion dollars in revenue each and every year. As well as a fairly well established inheritance Alice still has the Walmart income to live off of. In spite of this she determinedly went out and made a career all of her very own.

Arvest Bank Group

Alice studied Economics and Finance at Trinity College, a different course from her older brothers who both studied Business courses. Upon leaving University she worked for First Commerce Corporation where she was a money manager and analyst. She also ran investment activities for the Arvest Bank Group, which her elder brother would later take over and incorporate into the Walmart group. Alice also worked as a broker for EF Hutton, altogether proving her merits without her families influence. In 1988 she went so far as to found the Llama Company and sit as CEO where she made a fortune investment banking.

Since then Alice has headed the Northwest Arkansas Council and developed an airport through the Llama Company. She ran a ranch for a while and then moved to her current residence to focus on the Crystal Bridges Museum of American Art which she founded and opened in 2011. As well as all of this she is an avid art lover, makes frequent and generous donations to political parties and has a spotted record of bad driving – Alice Walton is a woman who has lived her life to the fullest. She may not be a model citizen but she is a shining example to young women everywhere and was the only one of the three remaining Walton siblings to build a career outwith the family fortune and make billions in her own right.

Although she has not agreed to take part in the Giving Pledge – an agreement billionaires make to give away half of their fortunes – she does give vast amounts of wealth to the Walton Family Foundation. This is a charitable organization with some $3.1 billion of assets that are all designated to be distributed to the poor and needy. The Foundation operates a scholarship fund and was the driving force (along with Alice herself) behind the establishment of the aforementioned Crystal Bridges Museum. The Foundation also helps hospitals and schools, generously giving back to the people of America who have made her family rich.

Previous articleAmerica’s Leading Sales Expert Can Help Struggling Companies
Next articleJim Walton- The Skinny
Andy Jacob is Editor In Chief of DotCom Magazine, and an entrepreneur and investor based in The United States. Jacob is the founder and CEO of DotCom Magazine. Andy Jacob is also the Founder and CEO of The Jacob Group, bringing more than 20 years of executive experience founding and leading startups and high growth companies. A Message From Andy Jacob, Editor In Chief, DotCom Magazine: It is my goal to provide you with the most amazing digital marketing value ever offered. I have been told by leading PR experts that an interview in DotCom Magazine may be one of the best investments that a company can make for their brand portfolio. I know how hard it is for great entrepreneurs to get the publicity that they deserve. My passion is helping entrepreneurs, and that’s why I purchased the assets of DotCom Magazine three years ago. My vision was to build a platform to help deserving founders and CEO’s get the attention they deserve. We have put this video interview program together to help our client’s business by providing them the best tool ever to help them land more customers, and increase their revenue. I have been fortunate enough to have been a guest financial expert on CBS, ABC, NBC, Time Warner, and Bloomberg. I have built four multi-million-dollar businesses in my career, and my companies have been covered by The Wall Street Journal and numerous other periodicals. I have been an Ernst and Young Entrepreneur of The Year Award Winner for my leadership in developing and executing corporate strategy and transformational business practices. After 25 years of building successful businesses, DotCom Magazine is my way to give back to deserving Entrepreneurs, Founders and CEO’s. I firmly believe that your interview with DotCom Magazine may be the best value in digital marketing ever offered. That’s why I guarantee it. My team and I look forward to working with you! Andy Jacob, CEO, DotCom Magazine


Please enter your comment!
Please enter your name here

eighteen + 20 =