What is Alice Walton’s net worth? Alice Walton net worth comes from Walmart.
Alice Louise Walton is an American heiress to the fortune of Walmart. In September 2016, she owned over US$11 billion in Walmart shares.
Alice Walton Net Worth
| Net Worth |
US$ 60.7 billion |
| Age |
71 (born October 7, 1949) |
| Country of Origin |
USA |
| Source of Wealth |
Walmart |
Early Life & Education
Alice Walton was born in Newport, Arkansas. She was raised along with her three brothers in Bentonville, Arkansas, and graduated from Bentonville High School in 1966. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics.
Career
Early in her career, Walton was an equity analyst and money manager for First Commerce Corporation and headed investment activities at Arvest Bank Group. She was also a broker for EF Hutton. In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman, and CEO.
Walton was the first person to chair the Northwest Arkansas Council and played a major role in the development of the Northwest Arkansas Regional Airport, which opened in 1998. At the time, the business and civic leaders of Northwest Arkansas Council found a need for the $109 million regional airports in their corner of the state. Walton provided $15 million in initial funding for construction. Her company, Llama Company, underwrote a $79.5 million bond. The Northwest Arkansas Regional Airport Authority recognized Walton’s contributions to the creation of the airport and named the terminal the Alice L. Walton Terminal Building. She was inducted into the Arkansas Aviation Hall of Fame in 2001.
Alice Walton’s net worth in 2021 is $60.7 Billion.
Few Facts About Alice Walton
- Alice Walton’s Net Worth makes her the third wealthiest woman in America
- Alice didn’t start working in the family business
- Being an avid horse-lover, she is famous for having an eye for determining which 2-month-old horse would grow to become champion cutters
- She founded the Llama Company, an investment bank in the year 1988. She was the President, Chairwoman, and Chief Executive Officer of the company
- In the year 1998, she closed her company Llama Co., and moved to a ranch in Millsap, Texas, named Walton’s Rocking W Ranch. In 2015, she listed the farm for sale and moved to Fort Worth, Texas, to focus on the Crystal Bridges Museum of American Art
- She has been a victim of multiple automobile incidents, with one, in particular, being fatal. She lost control of a rented Jeep and plunged into a ravine, shattering her leg during a 1983 Thanksgiving family reunion near Acapulco, Mexico. She had to undergo more than two dozen surgeries and is still said to suffer from lingering pain
Top Alice Walton Quotes
- “Expenses should never exceed one percent of our purchases.” – Alice Walton
- “Leaders must always put their people before themselves. If you do that, your business will take care of itself.” – Alice Walton
- “To succeed in this world, you have to change all the time.” – Alice Walton
- “There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” – Alice Walton
- “Commit to your business. Believe in it more than anybody else.” – Alice Walton
- “You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you’re too inefficient.” – Alice Walton
- “High expectations are the key to everything.” – Alice Walton
- “When all else fails, put on a costume and sing a silly song.” – Alice Walton
- “The key to success is to get out into the store and listen to what the associates have to say. It’s terribly important for everyone to get involved. Our best ideas come from clerks and stockboys.” – Alice Walton
- “Do it. Try it. Fix it.” – Alice Walton
