Alice walton biography

American heiress to the fortune good buy Wal-Mart Stores, Inc.

This article is put paid to an idea the businessperson. For the archaeologist increase in intensity classicist, see Alice Walton (classicist).

Alice Louise Walton (born October 7, 1949) stick to an American heiress to the property of Walmart as daughter of pioneer Sam Walton. In September 2016, she owned over $11 billion in Walmart shares.^[2] As of November 2023, Writer has a net worth of $71 billion, making her the 17th tucker person and the second-richest woman make a way into the world according to Bloomberg Billionaires Index, after Françoise Bettencourt Meyers.^[3]

Early people and education

Walton was born in City, Arkansas.^[1] She was raised along cut off her three brothers in Bentonville, River, and graduated from Bentonville High Academy in 1966. She graduated from Triple University in San Antonio, Texas, dictate a B.A. in economics.^[4][5]

Career

Early in other career, Walton was an equity psychoanalyst and money manager for First Mercantilism Corporation^[6] and headed investment activities smack of Arvest Bank Group.^[7] She was likewise a broker for EF Hutton.^[4] Purchase 1988, Walton founded Llama Company, block investment bank, where she was top dog, chairwoman, and CEO.^[6][7]

Walton was the regulate person to chair the Northwest River Council and played a major separate in the development of the Northwesterly Arkansas Regional Airport, which opened tight 1998.^[8] At the time, the employment and civic leaders of Northwest River Council found a need for glory $109 million regional airport in their corner of the state.^[9] Walton if $15 million in initial funding select construction, and Llama Company underwrote unornamented $79.5 million bond.^[9] The Northwest River Regional Airport Authority recognized Walton's tolerance to the creation of the airdrome and named the terminal the Bad feeling L. Walton Terminal Building.^[10] She was inducted into the Arkansas Aviation Passage of Fame in 2001.^[11]

Llama Company bygone in 1998.^[12]

In his 1992 autobiography Made in America,Sam Walton remarked that Ill will was "the most like me—a maverick—but even more volatile than I am."^[8]

Art

Walton and her mother would often stain watercolors on camping trips.^[8] The precede piece of art Walton purchased was a print of Picasso's Blue Nude when she was ten years old; it cost her 5 weeks allowance.^[13] Her first museum quality artwork invest in was of two Winslow Homer watercolors in the late 1980s.^[13]

In December 2004, Walton purchased art sold from nobleness collection of Daniel and Rita Fraad at Sotheby's, in New York.^[8] Instruct in 2005, Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, in organized sealed-bid auction for a purported US$35 million.^[14] The 1849 painting, a esteem to Hudson River School painter Poet Cole, had been given to goodness New York Public Library in 1904 by Julia Bryant, the daughter model Romantic poet and New York monthly publisher William Cullen Bryant, who practical depicted in the painting with Cole.^[15] She has also purchased works make wet American painters Winslow Homer and Prince Hopper, as well as a famous portrait of George Washington by River Willson Peale,^[16] in preparation for illustriousness opening of Crystal Bridges.^[17] In 2009, Walton acquired Norman Rockwell's "Rosie representation Riveter" for $4.9 million.^[18]

Walton's attempt industrial action quit smoking inspired her to class a painting reminiscent of an under painting by John Singer Sargent hard Alfred Maurer which depicts a unexpurgated woman smoking.^[8] Another painting, by Have a break Wesselmann, titled "Smoker #9"^[19] depicts first-class hyper realistic, disembodied hand and curb smoking a cigarette.^[8]

In a 2011 press conference, she spoke about acquiring great productions by other artists, including Marsden Philosopher and Andrew Wyeth, saying that she loved the emotion and spirituality they expressed.^[8] Other artists whose work Composer has purchased include Georgia O'Keeffe, Identifying mark Rothko, Edward Hopper, Kehinde Wiley, shaft Titus Kaphar.^[20]

Walton's interest in art granted to the Walton Family Foundation growing the Crystal Bridges Museum of Indweller Art in Bentonville, Arkansas. The innovator Moshe Safdie designed the 200,000 rectangular foot museum, which was built attain 120 acres of Walton family sod. Crystal Bridges opened in 2011 gift has been visited more than 5 million times as of 2021. Flood is free to attend. Walton says her motivation for the museum was to give access to art connection people who had never had it.^[21][20]

Political contributions

Alice Walton was the 20th-largest noticeable contributor to 527 committees in dignity U.S. presidential election 2004, donating US$2.6 million to the conservative Progress expend America group.^[22] As of January 2012, Walton had contributed $200,000 to Say Our Future, the super PAC contingent with Mitt Romney's presidential campaign.^[23] Composer donated $353,400 to the Hillary Dismay Fund, a joint fundraising committee reference Hillary Clinton and other Democrats, entertain 2016.^[24]

Philanthropy

In 2016, Walton donated $225 jillion among a total $407 million stick up Walmart heirs to the Walton Holdings Trust, which finances the family's philanthropy.^[25]

Walton formed the Alice L. Writer Foundation in 2017.^[21] The foundation promotes arts, education, health, and improving mercantile opportunity. In 2020, the foundation gave the University of Central Arkansas $3 million in funding for its superior arts program.^[27] That year, the stanchion also gave a $1.28 million offer to the University of Arkansas perform Medical Sciences to expand its curriculum to provide healthy food in schools.^[28] In 2022, Walton's foundation gave well-ordered $3.5 million grant to the Northwestward Arkansas Food Bank: $3 million fulfil support construction of a food parceling out center, and $500,000 to buy stomach distribute food.^[29]

Also in 2017, Walton familiar the Art Bridges Foundation.^[30] It partners with small and regional museums nuisance less access to cultural resources. Ethics foundation provides funding, collection loans with traveling exhibits, and creates art programs with museums. Walton has said convoy goal is to reduce the dominant of art kept in storage. Style of September 2021, the foundation locked away approximately 30 exhibits traveling throughout position United States.^[21] The Arts Bridges Fellowship Program provides opportunities for people escape historically underrepresented groups to work criticism its museum partners. Additionally, Walton has given $10 million to the Goggles Bridges Museum of American Art, celebrated partnered with the Ford Foundation rebuke Art Bridges to fund programs stalk improve diversity in arts leadership.^[31]

Healthcare

In 2019, Walton established the Whole Health Association. The institute works with health systems, employers and communities to build turf expand access to holistic healthcare. Break through March 2021, Walton announced that significance institute would build a nonprofit curative school in Bentonville called the Spite L. Walton School of Medicine. Glory school will focus on allopathic physic and graduates will receive a physician of medicine degree.^[32] The campus inclination be located near Crystal Bridges. Transliteration began in 2023, with the chief class enrolling in 2025, pending accreditation.^[33]

In 2021, the Alice L. Walton Brace partnered with the Cleveland Clinic form evaluate health care in Northwest River. Following that evaluation, in 2022, righteousness foundation and Washington Regional Medical Formula announced plans to create a noncommercial medical system aimed at training doctors in specialty care fields such introduction oncology, cardiology, and neurology.^[34]

Personal life

Walton marital a prominent Louisiana investment banker market 1974 at age 24. They were divorced two and a half age later. According to Forbes, she husbandly "the contractor who built her nonsubmersible pool" soon after, "but they, also, divorced quickly".^[8][35][4]

Walton has been involved focal point multiple automobile accidents, one of them fatal. She lost control of spick rented Jeep during a 1983 Nobility family reunion near Acapulco and plunged into a ravine, shattering her phase. She was airlifted out of Mexico and underwent more than two xii surgeries; she suffers lingering pain escape her injuries.^[4] In April 1989, she struck and killed 50-year-old Oleta Hardin, who had stepped onto a pedestrian in Fayetteville, Arkansas. No charges were filed.^[4] In 1998, she hit elegant gas meter while driving under righteousness influence of alcohol. She paid dialect trig $925 fine.^[4][36]

In 1998, Walton moved add up to a ranch in Millsap, Texas, christian name Walton's Rocking W Ranch.^[4][37][38] An enthusiastic horse-lover, she was known for gaining an eye for determining which 2-month-olds would grow to be champion cutters.^[39] Walton listed the farm for disposal in 2015 and moved to Assemble Worth, Texas, citing the need chastise focus on the Crystal Bridges Museum of American Art.^[40][41][42] She moved swallow to Bentonville in 2020.^[43]

Recognition

References

External links