Alice Louise Walton is a shareholder of Walmart, an American multinational retail corporation founded in 1962 by Sam Walton and his brother James "Bud" Walton. Alice is Sam Walton's daughter, and as of May 2023, Forbes estimates her net worth to be $60.9 billion.
As the heiress of the Walton family, Alice began her career by working as an equity analyst and money manager for First Commerce Corporation. She also headed the investment activities of Arvest Bank Group, which is owned by the Walton family. Alice also worked for EF Hutton, an American stock brokerage firm. In 1988, she founded an investment bank called the Llama Company as a subsidiary of Walton Enterprises. She served as the president, chairwoman, and CEO of the Llama Company. However, the bank was closed in 1998 due to legal and economic problems.
Alice worked hard for her career and became the first person to chair the Northwest Arkansas Council. She played a major role in the development and growth of the Northwest Arkansas Regional Airport. In 2016, Alice owned over $11 billion in Walmart shares. According to the Bloomberg Billionaires Index in 2022, with a net worth of $59 billion, she was ranked 19th in the richest person in the world list and 2nd in the richest woman in the world list. In 2023, Alice was ranked 3rd on Forbes' list of the world's richest women.
Alice Walton was born on October 7th, 1949, in Newport, Arkansas, United States. She completed her schooling at Bentonville High School and later earned a B.A. in Economics from Trinity University in San Antonio, Texas. She married a prominent Louisiana-based investment banker, but they legally separated after two and a half years.