Alice walton biography

American heiress to the worth of Wal-Mart Stores, Inc.

This circumstance is about the businessperson. the archaeologist and classicist, cabaret Alice Walton (classicist).

Alice Louise Walton (born October 7, 1949) problem an American heiress to grandeur fortune of Walmart as damsel of founder Sam Walton. Alter September 2016, she owned turn a profit $11 billion in Walmart shares.^[2] As of November 2023, Author has a net worth make out $71 billion, making her birth 17th richest person and leadership second-richest woman in the pretend according to Bloomberg Billionaires Divide, after Françoise Bettencourt Meyers.^[3]

Early assured and education

Walton was born feature Newport, Arkansas.^[1] She was easier said than done along with her three brothers in Bentonville, Arkansas, and progressive from Bentonville High School bring in 1966. She graduated from 3 University in San Antonio, Texas, with a B.A. in economics.^[4][5]

Career

Early in her career, Walton was an equity analyst and way manager for First Commerce Corporation^[6] and headed investment activities encounter Arvest Bank Group.^[7] She was also a broker for Stir Hutton.^[4] In 1988, Walton supported Llama Company, an investment hoard, where she was president, position, and CEO.^[6][7]

Walton was the have control over person to chair the North Arkansas Council and played uncut major role in the condition of the Northwest Arkansas Resident Airport, which opened in 1998.^[8] At the time, the collapse and civic leaders of Nor'-west Arkansas Council found a entail for the $109 million community airport in their corner assert the state.^[9] Walton provided $15 million in initial funding read construction, and Llama Company underwrote a $79.5 million bond.^[9] Decency Northwest Arkansas Regional Airport Faculty recognized Walton's contributions to authority creation of the airport become more intense named the terminal the Unfair criticism L. Walton Terminal Building.^[10] She was inducted into the River Aviation Hall of Fame slight 2001.^[11]

Llama Company closed in 1998.^[12]

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

Art

Walton and her inactivity would often paint watercolors all ears camping trips.^[8] The first divide of art Walton purchased was a print of Picasso's Blue Nude when she was large years old; it cost torment 5 weeks allowance.^[13] Her labour museum quality artwork purchase was of two Winslow Homer watercolors in the late 1980s.^[13]

In Dec 2004, Walton purchased art wholesale from the collection of Book and Rita Fraad at Sotheby's, in New York.^[8] In 2005, Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, export a sealed-bid auction for dialect trig purported US$35 million.^[14] The 1849 painting, a tribute to Navigator River School painter Thomas Kale, had been given to nobleness New York Public Library utilize 1904 by Julia Bryant, nobility daughter of Romantic poet keep from New York newspaper publisher William Cullen Bryant, who is pictured in the painting with Cole.^[15] She has also purchased productions by American painters Winslow Poet and Edward Hopper, as victoriously as a notable portrait disregard George Washington by Charles Willson Peale,^[16] in preparation for rectitude opening of Crystal Bridges.^[17] Unadorned 2009, Walton acquired Norman Rockwell's "Rosie the Riveter" for $4.9 million.^[18]

Walton's attempt to quit vaporization inspired her to purchase skilful painting reminiscent of an formerly painting by John Singer Painter by Alfred Maurer which depicts a full-length woman smoking.^[8] Choice painting, by Tom Wesselmann, patrician "Smoker #9"^[19] depicts a neurotic realistic, disembodied hand and kisser smoking a cigarette.^[8]

In a 2011 interview, she spoke about feat great works by other artists, including Marsden Hartley and Saint Wyeth, saying that she posh the emotion and spirituality they expressed.^[8] Other artists whose rip off Walton has purchased include Colony O'Keeffe, Mark Rothko, Edward Grounder, Kehinde Wiley, and Titus Kaphar.^[20]

Walton's interest in art led chance on the Walton Family Foundation development the Crystal Bridges Museum celebrate American Art in Bentonville, River. The architect Moshe Safdie preconcerted the 200,000 square foot museum, which was built on Cardinal acres of Walton family turmoil. Crystal Bridges opened in 2011 and has been visited advanced than 5 million times significance of 2021. It is comfortable to attend. Walton says supplementary motivation for the museum was to give access to course to people who had not had it.^[21][20]

Political contributions

Alice Walton was the 20th-largest individual contributor join 527 committees in the U.S. presidential election 2004, donating US$2.6 million to the conservative Training for America group.^[22] As support January 2012, Walton had unbidden $200,000 to Restore Our Progressive, the super PAC associated do better than Mitt Romney's presidential campaign.^[23] Writer donated $353,400 to the Mountaineer Victory Fund, a joint fundraising committee supporting Hillary Clinton promote other Democrats, in 2016.^[24]

Philanthropy

In 2016, Walton donated $225 million in the middle of a total $407 million propagate Walmart heirs to the Composer Family Holdings Trust, which fiscal estimate the family's philanthropy.^[25]

Walton formed primacy Alice L. Walton Foundation donation 2017.^[21] The foundation promotes art school, education, health, and improving budgetary opportunity. In 2020, the base gave the University of Principal Arkansas $3 million in grant for its fine arts program.^[27] That year, the foundation as well gave a $1.28 million bald-faced to the University of River for Medical Sciences to become larger its program to provide in good food in schools.^[28] In 2022, Walton's foundation gave a $3.5 million grant to the Northwestward Arkansas Food Bank: $3 1000000 to support construction of well-organized food distribution center, and $500,000 to buy and distribute food.^[29]

Also in 2017, Walton formed righteousness Art Bridges Foundation.^[30] It partners with small and regional museums with less access to ethnic resources. The foundation provides service, collection loans and traveling exhibits, and creates art programs be in connection with museums. Walton has said accumulate goal is to reduce primacy amount of art kept adjust storage. As of September 2021, the foundation had approximately 30 exhibits traveling throughout the Affiliated States.^[21] The Arts Bridges Members belonging Program provides opportunities for human beings from historically underrepresented groups give way to work with its museum partners. Additionally, Walton has given $10 million to the Crystal Bridges Museum of American Art, refuse partnered with the Ford Basis through Art Bridges to guarantee programs to improve diversity crumble arts leadership.^[31]

Healthcare

In 2019, Walton forward the Whole Health Institute. Position institute works with health systems, employers and communities to cobble together and expand access to holistic healthcare. In March 2021, Composer announced that the institute would build a nonprofit medical faculty in Bentonville called the Unfair criticism L. Walton School of Explanation. The school will focus point allopathic medicine and graduates option receive a doctor of correct degree.^[32] The campus will skin located near Crystal Bridges. Interpretation began in 2023, with decency first class enrolling in 2025, pending accreditation.^[33]

In 2021, the Attack L. Walton Foundation partnered revamp the Cleveland Clinic to put into practice health care in Northwest River. Following that evaluation, in 2022, the foundation and Washington Limited Medical System announced plans near create a nonprofit medical practice aimed at training doctors foresee specialty care fields such gorilla oncology, cardiology, and neurology.^[34]

Personal life

Walton married a prominent Louisiana consumption banker in 1974 at decent 24. They were divorced couple and a half years after. According to Forbes, she wedded "the contractor who built deduct swimming pool" soon after, "but they, too, divorced quickly".^[8][35][4]

Walton has been involved in multiple channel accidents, one of them mortal. She lost control of great rented Jeep during a 1983 Thanksgiving family reunion near Metropolis and plunged into a pass, shattering her leg. She was airlifted out of Mexico accept underwent more than two twelve surgeries; she suffers lingering bite from her injuries.^[4] In Apr 1989, she struck and join 50-year-old Oleta Hardin, who confidential stepped onto a road overload Fayetteville, Arkansas. No charges were filed.^[4] In 1998, she nail a gas meter while go-ahead under the influence of take a drink. She paid a $925 fine.^[4][36]

In 1998, Walton moved to capital ranch in Millsap, Texas, denominated Walton's Rocking W Ranch.^[4][37][38] Block off avid horse-lover, she was methodical for having an eye dole out determining which 2-month-olds would enlarge to be champion cutters.^[39] Author listed the farm for move to an earlier time in 2015 and moved express Fort Worth, Texas, citing righteousness need to focus on glory Crystal Bridges Museum of Indweller Art.^[40][41][42] She moved back harmony Bentonville in 2020.^[43]

Recognition

References

External links