Alice Louise Walton is the daughter of an American billionaire, and founder of Walmart and Sam’s Club supermarket chains Sam Walton and Helen Walton, an American by birth. In the mid-1980s, Forbes named Samuel the richest businessman in America. After the death of the founder of the trading empire, the inheritance passed to his family: his wife, three sons, and a daughter. Alice Walton’s success in business and life, of course, was predetermined by her father’s achievements, fame, and entrepreneurial genes.
A short biography of Alice Louise Walton began on October 7, 1949, in Newport (Arkansas) in the family, as already mentioned, one of the most abundant American businessmen. A happy event happened in the Walton family about a year before the couple decided to move to Bentonville, where in the future the family business grew more powerful and developed. She was the only girl with her parents, and Sam’s three other children are boys: Jim, Samuel Robson, and John Thomas. The latter, Louise’s older brother, died tragically in 2005 in a car accident. Today, the Waltons are called the wealthiest family clan in the United States, whose fortune is estimated by Forbes at $ 174.1 billion.
The richest woman was educated at Trinity University in San Antonio, Texas, graduating with a bachelor’s degree in science and arts.
Working for the good of a family business
Alice Walton’s career began with her father. After graduating from university, the girl, together with her brothers, worked in their specialty, worked for the benefit of the family company, in which after a while she became deputy chairman. Alice was in charge of all operations in one way or another related to the investments of Arvest Bank. Walton’s daughter became the first chairman of the board of directors in Northwest Arkansas (Arkansas).
Financial and business success came to Alice Walton not only thanks to the billion-dollar fortune of her parents but as a result of hard work and hard work for the benefit of the family company. The woman began her career as a manager and investment analyst worked as a vice president and head of the department and was in charge of investments related to the Arvest Bank Group.
Walton embarked on a more independent career in 1988 when she founded Llama Bank, in which she took the place of President, Chairman of the Board, and CEO. By that time, she had already gained experience, made valuable contacts, and gained authority. The bank was an investment organization providing a wide range of services: corporate finance, government and structured finance, trade finance, procurement, and commercial real estate. For some time, a short biography of Alice Walton was also associated with a brokerage, one of the richest women in the world who worked for EF Hutton & Co.
Country life
Llama existed for several years, in the early 90s Alice sold it, and she went to live in Texas, where she owns Walton’s Rocking W Ranch. The area of the estate is 1300 hectares.
At the age of 31, the habitual way of life of a rich heiress radically changed. Business suits and office environments are replaced by fresh air, nature, and jeans. And measured weekdays flowed. Alice Walton became interested in horse breeding and, perhaps, even found her vocation in this business.
Equestrian professionals who know the woman personally have repeatedly noted her ability to accurately determine which stallion will become the champion and which will not reach the top under any circumstances.
Alice Louise Walton’s financial savings grew in 1992, but the event that led to the replenishment of the account can hardly be called a business success, but rather a tragic coincidence. It was in this year that Sam Walton passed away. Insidious cancer did not spare even the richest man in the United States, slowly but surely taking his life until it drained him completely. The share of the head of the family was distributed evenly between Helen’s wife, three sons, and only daughter. Alice’s account was replenished by many millions, she courageously survived the loss of her father and continued to pursue her favorite hobby.
The second is an honorable place among the richest women in the world
According to the Forbes world rating, Alice Louise Walton is different years occupied the position of the top twenty wealthiest people in the world, along with Mark Zuckerberg, and Charles Koch, as a rule, ahead of her brother – Samuel Rob Walton. The latter, by the way, presides over the board of directors of Walmart. From 2012 to 2018, Alice Walton’s wealth and business success nearly doubled. Traditionally, she ranks second among the richest women in the world.
The daughter of the founder of the Walmart empire does not want to take an active part in the management of the company. A talented collector and art critic, in 2014 she added a new Jersey home to Crystal Bridges, designed by Frank Lloyd Wright himself. Alice Walton often sponsors events during the presidential campaign, which are hosted by her good old friend Hillary Clinton. Alice Louise is a generous sponsor of the GOP and has donated $ 1.7 billion to the development of the school system in Washington DC.
