Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#18 Alice Walton $37.5B

Random fact: Convicted of drunk driving in 1998.

Overview

Walton is the youngest child of Wal-Mart Stores founder Sam Walton. She is a co-manager of Walton Enterprises, one of two family holding companies that control about half of the world's biggest retailer. The Bentonville, Arkansas-based company reported revenue of $486 billion in the year to Jan. 31, 2017.

As of July 27, 2017:
Last change +$150M (+0.4%)
YTD change +$4.23B (+12.7%)
Industry Retail
Biggest asset WMT US Equity
Citizenship United States
Age 67
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alice Walton's net worth of $37.5B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
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 derives from her calculated 13 percent stake in Wal-Mart Stores, according to a Bloomberg analysis. The shares are owned mostly through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises, which has four beneficiaries: Rob Walton, Alice Walton, Jim Walton and the estate of John Walton. Share information is based on the company's 2017 proxy and Form 4 filings.

Since 1992, Walton has collected more than $7 billion in stock sales and dividends. The value of her cash investments is based on an analysis of dividends, insider transactions, 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.

Lance Morgan, a spokesman for the Walton family at Powell Tate PR, declined to comment on the net worth calculation.

Biography

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

The only daughter of Wal-Mart 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. Walton lives on a ranch, the Rocking W, in Millsap, Texas, where she rides and breeds cutting horses.

Milestones
  • 1949 Alice Walton is born in Newport, Arkansas, to Sam and Helen Walton.
  • 1979 Works for Wal-Mart 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.