Alice Walton

Alice Walton

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Alice Walton

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Alice Louise Walton (born October 7, 1949 in Newport, Arkansas) 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, and Jim Walton. Another brother, John T. Walton died in a 2005 plane crash. In March 2010, her estimated net worth was US$21.2 billion, making her the richest woman in the world along with her sister-in-law Christy Walton. An avid horse-lover, Walton currently lives in Mineral Wells, Texas on The Rocking W Ranch.

Education and career

Alice Walton graduated from Trinity University 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, 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. For a time, she was a broker for E.F. Hutton.

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. In the late 1990s Walton closed Llama Company and moved to a 3,200 acre ranch in...
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