When you think of billionaires, Alice Walton’s name probably stands out. Alice Walton is more than just the daughter of Walmart’s founder, she’s an art enthusiast, a philanthropist, and a legend in her own right. We all know that, as one of the world’s wealthiest women, Alice has lived a life filled with art, business, and extraordinary achievements. But who is the woman behind the $88.6 billion? In this blog, we’re peeling back the layers of Alice’s life with some interesting Alice Walton facts, showcasing her unique journey and impact on the world. Excited? So, get ready to explore the lesser-known side of this remarkable billionaire!
Here are 21 Alice Walton facts
- Alice is the only daughter of Sam Walton, the founder of Walmart, one of the biggest supermarket chains in the US. This connection to Walmart has been a major factor in her wealth. She inherited a significant portion of the company’s stock. This inheritance has made her one of the wealthiest people in the world.
- The Walton family collectively owns nearly 46% of Walmart. This large ownership stake gives them significant control over the company. It also means they benefit greatly from the company’s success. This collective wealth has made the Walton family one of the richest in the world.
- Despite selling over $22 billion of Walmart stock, Alice still owns a significant portion due to stock buybacks. This means she has sold some of her shares but still retains a large amount. Stock buybacks have helped maintain her ownership percentage. This strategy has contributed to her growing wealth.
- One of the most interesting Alice Walton facts is that Alice began collecting art at the age of 11 with a 25-cent print of Picasso’s “Blue Nude.” This early interest in art grew into a lifelong passion. Her collection now includes works from famous artists like Andy Warhol and Norman Rockwell. This hobby has significantly influenced her later achievements.
- Alice holds a Bachelor of Arts/Science degree from Trinity University. This educational background provided her with a strong foundation. It helped Alice in her early career roles. Education has always been important to her.
- After graduating from Trinity University in 1971, Alice Walton briefly worked at Walmart as a shopper for children’s clothes. This was her first job in the family business. She later moved on to work as an equity analyst and money manager for First Commerce Corporation.
Moreover, these early roles helped her understand the business world.
- One of the most impressive Alice Walton facts is that she started her professional career as an equity analyst and money manager for First Commerce Corporation. This role involved analyzing stocks and managing investments. It gave her valuable experience in the financial sector. This experience was important for her future work.
- Unlike her brothers, Alice has not held a significant role at Walmart. Her brothers have served on the board, influencing the company’s direction. Alice, however, has focused on other interests. This has allowed her to pursue her passion for art and philanthropy.
- Alice lives in Fort Worth, Texas. This is where she has chosen to make her home. Despite her wealth, she prefers a relatively low-profile lifestyle. Her residence reflects her personal preferences. Therefore this is one of the special Alice Walton facts that adds to her character in society.
- Furthermore, Alice Walton is divorced and has no children. This personal detail is part of her life story. Despite this, she has built a significant legacy through her professional and philanthropic work. Her focus has been on her career and passions.
- In 2011, Alice founded the Crystal Bridges Museum of American Art in Bentonville, Arkansas. The museum features works from famous artists and has become a major cultural attraction. It reflects her passion for art and her desire to make it accessible to the public. The museum has received significant funding from family trusts. It shows the Walton family’s commitment to supporting the arts.
- One of the most beautiful Alice Walton facts is, that Alice has donated over $5.7 billion to various charitable foundations. Therefore, her philanthropy focuses on art, education, and health. These donations have had a significant impact on many lives.
However, her generosity is a key part of her legacy.
- Additionally, She founded the Art Bridges Foundation in 2016. This foundation receives and loans American art to museums across the U.S. Her Art Bridges Foundation has loaned art to over 230 museums across the U.S. This initiative helps museums display more diverse collections. It has spent over $377 million on these efforts. This initiative also supports the preservation of American art. These loans have made a significant impact on the art community.
- Also, in 2022, the holistic health institute she founded was renamed the Alice L. Walton School of Medicine. This institute focuses on integrative health practices. It reflects her interest in health and wellness. The renaming honors her contributions to the field.
- Among all the Alice Walton facts, this one states that as of 2024, Alice Walton is the world’s 2nd wealthiest woman. Her net worth is $88.6 billion. This makes her one of the most influential people in the world. Her wealth comes from her inheritance and smart investments. Therefore, it places her among the top global billionaires. Her financial success proves her business sense.
- Furthermore, Alice’s net worth has grown significantly due to the rise in Walmart’s stock price. The stock is up 47% year-to-date. This increase has boosted her wealth considerably.
- Similarly, her brothers, Jim and Rob Walton are also among the world’s richest people. This family wealth has given them significant influence. They have used this influence to support various philanthropic causes. The Walton family is known for their charitable contributions.
- Alice’s generosity focuses on art, education, and health. These areas reflect her personal interests and values. Her donations have supported many important initiatives.
Furthermore here are two more Alice Walton facts for you.
- Her brother Jim Walton chairs the family’s Arvest Bank. This bank is another significant part of the Walton family’s business interests. It provides financial services to many people. The bank’s success contributes to the family’s overall wealth.
- Alice’s art collection includes works from famous artists like Andy Warhol and Norman Rockwell. This collection proves her passion for art. It has also contributed to her reputation as a major art collector. And, we all now know that her collection is displayed at the Crystal Bridges Museum.
- Talking about the museum leadership, Alice chaired the Crystal Bridges Museum for a decade before handing it over to her nephew’s wife. This leadership role allowed her to shape the museum’s direction. Her influence has been crucial to the museum’s success. The transition reflects her trust in the next generation.
Therefore, All these Alice Walton facts highlight that Alice’s contributions to art and philanthropy have made her a well-recognized figure globally. Her work has had a powerful impact on many lives. She is known for her generosity and passion for the arts. Her legacy will continue to influence future generations.
End Note
As we conclude our journey through the collection of Alice Walton facts, we realize that Alice Walton’s legacy extends far beyond her fortune, touching lives through art, philanthropy, and her unique worldview. Alice’s journey proves by living life on her own terms fueled by passion and vision, there’s so much more than her net worth. That’s impressive! Isn’t it? Well, if you enjoyed knowing this wonderful lady, share this blog with all your friends who would love to understand the woman behind billions!
