Alice Louise Walton (born October 7, 1949) is the American heir to Wal-Mart Stores, Inc.'s wealth. She is the daughter of Walmart founders Sam Walton and Helen Walton, and S. Robson Walton's sister, Jim Walton, and the late John T. Walton. In May 2018, Walton had a net worth of $ 41.8 billion, making him the richest woman in the world with FranÃÆ'§oise Bettencourt Meyers, the world's 18th richest man.
In September 2016, he reportedly had more than US $ 11 billion in Walmart shares.
Video Alice Walton
Early life and education
Walton was born in Newport, Arkansas. He graduated from Trinity University in San Antonio, Texas, with B.A. in economics and finance.
Maps Alice Walton
Careers
Early in his career, Walton was an equity analyst and money manager for First Commerce Corporation and led investment activities at Arvest Bank Group. He is also a broker for EF Hutton. In 1988, Walton founded Llama Company, an investment bank, where he became president, chairman and CEO.
Walton was the first person to lead the Northwest Arkansas Council and play a leading role in the development of the Northwest Arkansas Regional Airport, which opened in 1998. At that time, business and civil leaders from the Northwest Arkansas Council found the need for $ 109 million regional airports in the country corner they. Walton provided $ 15 million in initial funding for construction. His company, Llama Company, has $ 79.5 million worth of bonds. Northwest Arkansas Regional Authority acknowledged Walton's contribution to creating an airport and named the terminal at Alice L. Walton Terminal Building. He was inducted into the Arkansas Aviation Hall of Fame in 2001.
In the late 1990s, Llama Co was closed and, in 1998, Walton moved to a farm in Millsap, Texas, named Walton's Rocking W Ranch. A horse lovers who love to fight, he is known for having eyes to determine who 2 months old will grow into a champion cutter. Walton enrolled farms for sale in 2015 and moved to Fort Worth, Texas, on the grounds of the need to focus on the Crystal Bridges Museum of American Art, Bentonville, Arkansas, an art museum he founded that opened in 2011.
In his 1992 autobiography Made in America, Sam Walton said that Alice is "the one most like me - maverick - but even more unstable than I am."
Art
Walton bought his first artwork when he was about ten years old. It was Picasso's reproduction of Blue Nude that he got from his father's Ben Franklin Dime-Store. He and his mother often paint watercolors on camping trips. His interest in art led him to spearhead the involvement of the Walton Family Foundation in developing the Crystal Bridges Museum of American Art in the heart of Bentonville, Arkansas. Crystal Bridges, opened in November 2011, is and is envisioned as the premier venue for national arts institutes dedicated to American art and art, and a place of learning and community.
In December 2004, Walton bought artwork that was sold from Daniel and Rita Fraad's collection in Sotheby, in New York.
In 2005, Walton bought the famous painting Asher Brown Durand, Kindred Spirits , in a sealed bid auction with claims worth US $ 35 million. The 1849 painting, a tribute to the Hudson River school painter Thomas Cole, was given to the New York Public Library in 1904 by Julia Bryant, daughter of the Romantic poet and New York newspaper publisher William Cullen Bryant (pictured in the painting with Cole). He has also purchased the works of American painters Winslow Homer and Edward Hopper, as well as a famous portrait of George Washington by Charles Willson Peale, in preparation for the opening of the Crystal Bridges Museum of American Art in Bentonville, Arkansas. In 2009, at an undisclosed price, the Crystal Bridges museum acquired Norman Rockwell's "Rosie the Riveter" painting for his permanent collection.
John Wilmerding, a counselor and board member for Crystal Bridges said Walton had collected the work of several artists in depth, secretly purchasing many important works by Martin Johnson Heade, Stuart Davis, George Bellows and John Singer Sargent. Walton's attempts to quit smoking led to the purchase of two large smoking paintings by Alfred Maurer and Tom Wesselman. In a 2011 interview, he talked about getting great works from other artists. He described Marsden Hartley as "one of my favorite artists-he is a very complex, somewhat tormented man, but a very spiritual person, and loves his emotions and his feelings and spirituality." He goes on to say "Andrew Wyeth-the mystery and loneliness expressed." How do you paint loneliness? "
Political contributions
He is the twenty-two-fifth individual contributor to the 527 committee in the 2004 US presidential election, contributing US $ 2.6 million to the conservative Progress group for America. During the 2004 election cycle, Progress for America posted an ad supporting the Iraq war and praised George W. Bush for preventing "other 9/11". In January 2012, Walton has donated $ 200,000 to Restore Our Future, the super PAC associated with Mitt Romney's presidential campaign. Despite coming from a large Republican family, Alice donated $ 353,400 to Hillary Victory Fund, a joint fund-raising committee that supports Clinton and other Democrats, by 2016. The two women met when Clinton served as First Lady Arkansas and was the only woman sitting on the Walmart Board.
Personal life
At age 24, Walton first married in 1974 to a prominent Louisiana investment banker, but both divorced two and a half years later. According to Forbes magazine, Walton "remarried soon afterwards - to the contractors who built the pool, but they divorced too soon."
Family
One of his brothers, John T. Walton, died in a plane crash in 2005, and survived by his wife Christy Walton. He is the first cousin of Ann Walton Kroenke, Nancy Walton Laurie, and Sybil Robson Orr. Two brothers, Rob Walton and Jim Walton, still survive.
Sam Walton is his father, Helen Walton is his mother, and James "Bud" Walton is his uncle.
Car incident
Walton was involved in various car incidents, one of them fatal. During the 1983 Thanksgiving family reunion near Acapulco, Mexico, Walton lost control of the rented Jeep and plunged into a ravine, destroying his feet. He was flown out of Mexico and underwent more than two dozen operations; he is said to be suffering from lingering pain from his wounds. In the April 1989 incident, he attacked and murdered 50-year-old Oleta Hardin, who had entered the Fayetteville, Arkansas, avenue. Witnesses stated that Walton was driving at the time of the accident, but no charges were filed. In the 1998 incident, he was reported to have hit a gas meter while driving under the influence. He paid a $ 925 fine.
References
External links
- Forbes The World Millionaires: Alice Walton, 2007
- Forbes 400 Richest People in America: Alice Walton, 2007
- Contributed Alice Walton to Crystal Bridges Museum
Source of the article : Wikipedia
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