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 $611.3 billion in the year to Jan. 31, 2023.
The majority of Walton's fortune is derived from Walmart, the world's largest retailer. The shares are owned through the Walton Family Holdings Trust as well as the family's closely held holding company, Walton Enterprises, according to a November 2023 filing. Bloomberg's analysis credits her with almost 12% 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 $15 billion in stock sales and dividends, based on an analysis of Bloomberg data. 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.
Randy Hargrove, a spokesman for the Walton family, declined to comment on the net worth calculation.
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.