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Alice Walton
Investors and Entrepreneurs

Alice Walton: how does the heiress of the Walmart family empire live

19.08.2020
2 min read

Professional activities and hobbies of Alice Walton

Alice Walton is the heiress to a huge fortune left by her father, the founder of Walmart Corporation. She is the second richest woman on Forbes magazine’s list. Alice Walton has contributed to the success and well-being of the family company, and now she does what she loves. Her hobbies are the art and breeding of horses.
Alice’s parents are Sam and Helen Walton. When the girl wasn’t even a year old, the family moved to Bentonville, which will be known later through the Walmart chain. Alice was the youngest of 4 children – she grew up with three older brothers. Sam Walton and his wife’s father Helen invested in the family business. Over time, the small shop became a huge empire, known all over the world.
After high school, Alice studied at Trinity University, where she got a bachelor’s degree in economics and finance. After she went to work in the family business, but the girl built her career on her own, without using family ties. At first, her responsibilities included management and analytical work. Her professionalism and responsibility to work was noted by her supervisors, and a couple of years later Alice took the position of the Head of Analytics. After her brother founded Arvest Bank Group, she became the Vice President.

Alice Walton

In addition to her duties, the business lady was actively involved in other company processes. She penetrated into the investment activities of the corporation, and after gaining the necessary experience, began to engage in investment independently. In 1988 Alice founded the investment firm Llama, which provided corporate capital management services, financed public and private enterprises, and invested in the real estate market. She was involved in many of the company’s processes on her own, being both a manager and chairman. A huge amount of responsibility and regular employment played their part, and two years later Alice closed the business, deciding to make a difference in life.
At 31, the woman moves to a ranch in Texas and starts breeding horses, enjoying the fresh air and leisurely days. But that changed in 1992. Sam Walton dies of cancer, and his share in the company goes to equal parts of the family – his wife and 4 children. Unlike the brothers, Alice did not return to the company, but now the fortune allows her a little hobby – collecting paintings.
Besides art, the woman is engaged in charity, supports young artists, helps various institutions. She opened an art museum on the territory of her family estate, where exhibitions, master classes and meetings with famous people are regularly held.

Tags: Investors and Entrepreneurs
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