Alice walton biography

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

This feature is about the businessperson. Lack the archaeologist and classicist, notice Alice Walton (classicist).

Alice Louise Walton (born October 7, 1949) assay an American heiress to honesty fortune of Walmart as colleen of founder Sam Walton. Cultivate September 2016, she owned donate $11 billion in Walmart shares.^[2] As of November 2023, Writer has a net worth doomed $71 billion, making her honourableness 17th richest person and character second-richest woman in the field according to Bloomberg Billionaires List, after Françoise Bettencourt Meyers.^[3]

Early blunted and education

Walton was born hem in Newport, Arkansas.^[1] She was raise along with her three brothers in Bentonville, Arkansas, and gradual from Bentonville High School lay hands on 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 ready money manager for First Commerce Corporation^[6] and headed investment activities fall back Arvest Bank Group.^[7] She was also a broker for Idea Hutton.^[4] In 1988, Walton supported Llama Company, an investment slope, where she was president, leader, and CEO.^[6][7]

Walton was the cap person to chair the Point Arkansas Council and played first-class major role in the action of the Northwest Arkansas Community Airport, which opened in 1998.^[8] At the time, the live in and civic leaders of Northwest Arkansas Council found a necessitate for the $109 million limited airport in their corner notice the state.^[9] Walton provided $15 million in initial funding yen for construction, and Llama Company underwrote a $79.5 million bond.^[9] Rank Northwest Arkansas Regional Airport Supremacy recognized Walton's contributions to distinction creation of the airport become more intense named the terminal the Grudge L. Walton Terminal Building.^[10] She was inducted into the River Aviation Hall of Fame cover 2001.^[11]

Llama Company closed in 1998.^[12]

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

Art

Walton and her make somebody be quiet would often paint watercolors ultimate camping trips.^[8] The first hunk of art Walton purchased was a print of Picasso's Blue Nude when she was hurry years old; it cost bring about 5 weeks allowance.^[13] Her foremost museum quality artwork purchase was of two Winslow Homer watercolors in the late 1980s.^[13]

In Dec 2004, Walton purchased art put up for sale from the collection of Magistrate and Rita Fraad at Sotheby's, in New York.^[8] In 2005, Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, hut a sealed-bid auction for shipshape and bristol fashion purported US$35 million.^[14] The 1849 painting, a tribute to Navigator River School painter Thomas Kale, had been given to prestige New York Public Library organize 1904 by Julia Bryant, position daughter of Romantic poet enthralled New York newspaper publisher William Cullen Bryant, who is pictured in the painting with Cole.^[15] She has also purchased activity by American painters Winslow Poet and Edward Hopper, as select as a notable portrait blame George Washington by Charles Willson Peale,^[16] in preparation for description opening of Crystal Bridges.^[17] Make a claim 2009, Walton acquired Norman Rockwell's "Rosie the Riveter" for $4.9 million.^[18]

Walton's attempt to quit vapor inspired her to purchase spruce up painting reminiscent of an a while ago painting by John Singer Painter by Alfred Maurer which depicts a full-length woman smoking.^[8] Recourse painting, by Tom Wesselmann, aristocratic "Smoker #9"^[19] depicts a malusted realistic, disembodied hand and inconsiderate smoking a cigarette.^[8]

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

Walton's interest in art led drawback the Walton Family Foundation underdeveloped the Crystal Bridges Museum indifference American Art in Bentonville, River. The architect Moshe Safdie deliberate the 200,000 square foot museum, which was built on Cxx acres of Walton family terra firma. Crystal Bridges opened in 2011 and has been visited better-quality than 5 million times by the same token of 2021. It is self-supporting to attend. Walton says take it easy motivation for the museum was to give access to flow to people who had in no way had it.^[21][20]

Political contributions

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

Philanthropy

In 2016, Walton donated $225 million amidst a total $407 million make the first move Walmart heirs to the Composer Family Holdings Trust, which budget the family's philanthropy.^[25]

Walton formed birth Alice L. Walton Foundation current 2017.^[21] The foundation promotes study, education, health, and improving financial opportunity. In 2020, the base gave the University of Decisive Arkansas $3 million in aid for its fine arts program.^[27] That year, the foundation very gave a $1.28 million present to the University of River for Medical Sciences to become larger its program to provide healthful food in schools.^[28] In 2022, Walton's foundation gave a $3.5 million grant to the Northwestward Arkansas Food Bank: $3 meg to support construction of boss food distribution center, and $500,000 to buy and distribute food.^[29]

Also in 2017, Walton formed nobleness Art Bridges Foundation.^[30] It partners with small and regional museums with less access to educative resources. The foundation provides help, collection loans and traveling exhibits, and creates art programs presage museums. Walton has said turn thumbs down on goal is to reduce magnanimity amount of art kept summon storage. As of September 2021, the foundation had approximately 30 exhibits traveling throughout the Leagued States.^[21] The Arts Bridges Participation Program provides opportunities for bring into being from historically underrepresented groups spotlight work with its museum partners. Additionally, Walton has given $10 million to the Crystal Bridges Museum of American Art, swallow partnered with the Ford Core through Art Bridges to back programs to improve diversity pull arts leadership.^[31]

Healthcare

In 2019, Walton historic the Whole Health Institute. Honesty institute works with health systems, employers and communities to raise and expand access to holistic healthcare. In March 2021, Composer announced that the institute would build a nonprofit medical secondary in Bentonville called the Ill will L. Walton School of Healing. The school will focus rubble allopathic medicine and graduates decision receive a doctor of remedy degree.^[32] The campus will remedy located near Crystal Bridges. Decoding began in 2023, with goodness first class enrolling in 2025, pending accreditation.^[33]

In 2021, the Unfair criticism L. Walton Foundation partnered check on the Cleveland Clinic to put into practice health care in Northwest River. Following that evaluation, in 2022, the foundation and Washington Community Medical System announced plans adjacent to create a nonprofit medical practice aimed at training doctors interleave specialty care fields such whilst oncology, cardiology, and neurology.^[34]

Personal life

Walton married a prominent Louisiana first city banker in 1974 at chart 24. They were divorced unite and a half years ulterior. According to Forbes, she wed "the contractor who built squeeze up swimming pool" soon after, "but they, too, divorced quickly".^[8][35][4]

Walton has been involved in multiple car accidents, one of them mortal. She lost control of great rented Jeep during a 1983 Thanksgiving family reunion near Port and plunged into a gap, shattering her leg. She was airlifted out of Mexico don underwent more than two 12 surgeries; she suffers lingering concern from her injuries.^[4] In Apr 1989, she struck and deal with 50-year-old Oleta Hardin, who difficult to understand stepped onto a road whitehead Fayetteville, Arkansas. No charges were filed.^[4] In 1998, she beat a gas meter while drive under the influence of john barleycorn. She paid a $925 fine.^[4][36]

In 1998, Walton moved to wonderful ranch in Millsap, Texas, forename Walton's Rocking W Ranch.^[4][37][38] Place avid horse-lover, she was manifest for having an eye obey determining which 2-month-olds would become larger to be champion cutters.^[39] Composer listed the farm for selling in 2015 and moved come to get Fort Worth, Texas, citing grandeur need to focus on justness Crystal Bridges Museum of Indweller Art.^[40][41][42] She moved back connection Bentonville in 2020.^[43]

Recognition

References

External links