Bloomberg Billionaires Index

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#20 Alice Walton $39.6B

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Overview

Walton is the youngest child of Sam Walton and an heir to the fortune he created in Walmart. She co-manages Walton Enterprises, one of two family holding companies that control about half of the world's biggest retailer. The Bentonville, Arkansas-based company had revenue of $500 billion in the year to Jan. 31, 2018.

As of June 20, 2018:
Last change -$15.9M (-0.0%)
YTD change -$5.81B (-12.8%)
Industry Retail
Biggest asset WMT US Equity
Citizenship United States
Age 68
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alice Walton's net worth of $39.6B can buy ...

0
troy ounces of gold
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barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Walton's fortune is derived from Walmart, the world's largest retailer, according to its website. The shares are owned through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises. Share information is based on the company's 2018 proxy and Form 4 filings. The analysis credits her with 13 percent of the business, based on an assumption that co-founder Sam Walton split the shares he owned equally among his four children -- Rob, Alice, Jim and John. 

Since 1992, Walton has collected more than $9 billion in stock sales and dividends, based on an analysis of Bloomberg data as of May 2018. The value of her cash investments is based these proceeds, as well as taxes, art purchases, market performance and family investments. She doesn't own a stake in the family's Arvest Bank, the biggest bank in Arkansas.

Kiki McLean, a spokeswoman for the Walton family, declined to comment on the net worth calculation.

Biography

Birthdate: 10/7/1949
Family: Divorced, No children
Education: 1971, Trinity University, Bachelor's Degree, Finance

The only daughter of Walmart founder Sam Walton, Alice Walton graduated from Trinity College in San Antonio, Texas, with a bachelor's degree in economics and finance. She embarked on a career in finance, first as an equity analyst at First Commerce, then as an options trader at E.F. Hutton. She also served as vice chairman and head of investments at Arvest Bank, the Walton family's closely held bank. In 1988, she started investment bank Llama Co., where she served as chief executive officer. The company folded following the bond market crash of 1998.

Alice Walton is a buyer of American art; her collection includes works by John Singer Sargent, Norman Rockwell and Asher B. Durand, which are displayed in the museum she founded, Crystal Bridges Museum of American Art, in Bentonville, Arkansas.

Milestones
  • 1949 Alice Walton is born in Newport, Arkansas, to Sam and Helen Walton.
  • 1979 Works for Walmart as a buyer, moves to E.F. Hutton as options trader.
  • 1979 Accused by the SEC of making "unsuitable" option trades.
  • 1988 Starts her own investment bank, Llama Co.
  • 1989 Hits and kills a woman while driving to work; no charges were filed.
  • 1999 Llama folds following the 1998 bond market crash.
  • 2011 Crystal Bridges Museum of American Art opens.
  • 2013 Driving under the influence arrest from 2011 cleared by Texas prosecutors.