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Alice Louise Walton is an American heiress to the Wal-mart fortune. She is the daughter of Wal-Mart founder Sam Walton and Helen Walton, and sister of S. Robson Walton, John T. Walton, and Jim Walton. In 2007, her estimated net worth was US$16.1 billion, making her the second richest woman in the United States after sister-in-law Christy Walton, and the third richest woman in the world.
Alice Walton

Biography

Alice Walton graduated from Trinity University in San Antonio, and lives in Mineral Wells, Texas on The Rocking W Ranch.
Alice Walton

Wal-Mart founder Sam Walton's only daughter, Alice chose not to get involved in the operations of the family business. For a time, she was a broker for E.F. Hutton. Her hobby is horses.
Alice Walton

Walton was the twentieth largest individual contributor to 527 committees in the U.S. presidential election, 2004, donating US$2.6 million to the conservative Progress for America group. During the 2004 election cycle, Progress for America ran advertisements supporting the Iraq occupation and praising George W. Bush for preventing "another 9/11". The ads were criticized for their inaccuracy.

In 1989, Walton hit a fifty-year-old pedestrian woman in an automobile accident in Springdale, Arkansas. The woman later died from her injuries; no charges or citations were issued to Walton. In 1996, Walton was cited for driving while intoxicated and fined US$925. Art collection

In 2005, Alice Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, in a sealed-bid auction for a purported US$35 million dollars. The 1849 painting, a tribute to Hudson River School painter Thomas Cole, had been given to the New York Public Library in 1904 by Julia Bryant, the daughter of Romantic poet and New York newspaper publisher William Cullen Bryant . Walton has also purchased works by American painters Winslow Homer and Edward Hopper, as well as a notable portrait of George Washington by Charles Willson Peale, in preparation for the 2009 opening of the Crystal Bridges Museum of American Art in Bentonville, Arkansas


Alice Walton is the daughter of the late Helen Walton and the late Wal-Mart founder Sam Walton. Born in 1949, the youngest of four children, she spent her childhood in Bentonville, Arkansas.

Ms. Walton graduated from Trinity College, in San Antonio, Texas, with a B.A. in Economics and Finance. She began her career in finance as an equity analyst and money manager for First Commerce Corporation; and later served as Vice Chairman and head of all investment-related activities at the Arvest Bank Group.

In 1988, Ms. Walton founded Llama Company, an investment bank engaged in corporate finance, public and structured finance, real estate finance and sales and trading. She served as President, Chairman and CEO.

She was the first chairperson and driving force behind the Northwest Arkansas Council. This community development organization played a major role in securing the development of the Northwest Arkansas Regional Airport.

Ms. Walton arranged for, and provided, the initial seed capital to finance the construction of the airport. Her involvement was instrumental in the creation of the airport, and in recognition of her contribution to the airport project and her support of transportation improvements throughout the region, the Airport Authority Board of Directors named the airport terminal the Alice L. Walton Terminal Building. In 2001, Ms. Walton was inducted into the Arkansas Aviation Hall of Fame.

In addition to her philanthropic activities as a board member of the Walton Family Foundation, Ms. Walton has been active on the Board of the University of Arkansas for Medical Sciences at Little Rock and the Board of Advisors for the University of Arkansas Graduate Business School at Fayetteville.

In 1996, the University of Arkansas established the Alice L. Walton Chair in Finance, allowing the University, through its College of Business Administration, to pursue educational excellence on a national and international level.

Ms. Walton's vision led to the creation of Camp War Eagle, a unique summer camp in Northwest Arkansas that brings together children of differing socio-economic backgrounds and provides a remarkable experience for children who might not otherwise have the opportunity to attend a camp of this stature

 

Ms Walton serves on the board of the Amon Carter Museum in Fort Worth, Texas and is a member of the Trustees' Council of the National Gallery of Art in Washington, DC.

An avid horse-lover, Ms Walton currently lives in central Texas, where she raises cutting horses and operates the Rocking W Ranch.

  1. ^ http://hbswk.hbs.edu/item/2375.html
  2. ^ OpenSecrets.org
  3. ^ Pro-Republican ads stretch the truth on Iraq to influence elections, McClatchy, October 17, 2006
  4. ^ Forbes Autos
  5. ^ National Gallery
  6. ^ Alice Walton's Fig Leaf
  7. ^ Crystal Bridges website

Alice Walton's contributions to Crystal Bridges Museum

 

 

 
 
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