[16][17][18], In his 1992 autobiography Made in America, Sam Walton remarked that Alice was "the most like me—a maverick—but even more volatile than I am."[9]. She described Marsden Hartley as "one of my favorite artists-he was a very complex guy, somewhat tormented, but a very spiritual person, and love the emotion and the feel and the spirituality of his work". She would paint water color art alongside her mother on camping trips. [9] Her interest in art led to the Walton Family Foundation developing the Crystal Bridges Museum of American Art in Bentonville, Arkansas. This family home also was built before Walton opened the first Walmart, in 1962. [28] Despite hailing from a largely Republican family, Alice donated $353,400 to the Hillary Victory Fund, a joint fundraising committee supporting Clinton and other Democrats, in 2016. Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. since. "[9], Alice Walton was the 20th-largest individual contributor to 527 committees in the U.S. presidential election 2004, donating US$2.6 million to the conservative Progress for America group. Source: Business Insider and The Phoenix New Times. How do you paint loneliness? Email us at homesubmissions@huffingtonpost.com. Fee-only vs. commission financial advisor, These are the 20 biggest retailers in America. She's regarded as one of the world's most important art collectors. In January 2016, Alice donated 3.7 million of her Walmart shares — worth about $225 million at the time — to the family's nonprofit, the Walton Family Foundation. Walmart is the world's largest retailer by revenue with annual sales of $500 billion from its nearly 12,000 stores around the world. Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart. [27] As of January 2012, Walton had contributed $200,000 to Restore Our Future, the super PAC associated with Mitt Romney's presidential campaign. [1] She was raised along with her 3 brothers in Bentonville, Arkansas and graduated from Bentonville HS in 1966. Breaking news, analysis and the latest polls on the presidential race from HuffPost’s politics team, An essential daily guide to achieving the good life, family whose riches could afford a San Simeon of their own. Alice Walton, the youngest sibling, has never taken an active role running the business and has instead become a patron of the arts. [10] Her company, Llama Company, underwrote a $79.5 million bond. [20] She has also purchased works by American painters Winslow Homer and Edward Hopper, as well as a notable portrait of George Washington by Charles Willson Peale,[21] in preparation for the opening of Crystal Bridges. [12], In the late 1990s, Llama Co. closed and, in 1998, Walton moved to a ranch in Millsap, Texas, named Walton's Rocking W Ranch. You know the Waltons better as the family behind Walmart. Historic Walton House (PR pitches sent to this address will be ignored.). [6] In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman and CEO. [26], In a 2011 interview, she spoke about acquiring great works by other artists. Walmart is the world's largest retailer by revenue with annual sales of $500 billion from its nearly 12,000 stores around the world. Although Walmart has yet to establish itself in the city, the megachain's heiress Alice Walton has.The Post announced that the philanthropist … [6][13][14] An avid horse-lover, she was known for having an eye for determining which 2-month-olds would grow to be champion cutters. Today's find is the Bentonville, Arkansas Walton family house, as photographed in 1961. [5], Walton was born in Newport, Arkansas. Part of HuffPost Home & Living. A leading-edge research firm focused on digital transformation. Here's what we do know about how the wealthy family spends its fortune: The Walton family own 50% of Walmart's total stock between them. [9] At the time, the business and civic leaders of Northwest Arkansas Council found a need for the $109 million regional airport in their corner of the state. Walton and her mother would often paint watercolors on camping trips. [4] As of September 2020, Walton has a net worth of $68.8 billion, making her the 12th-richest person and the 1st-richest woman in the world. [24] Another painting, by Tom Wesselmann, is titled "Smoker #9[25]" and depicts a hyper realistic, disembodied hand and mouth smoking a cigarette. She was airlifted out of Mexico and underwent more than two dozen surgeries; she suffers lingering pain from her injuries. [22] In 2009, Walton acquired Norman Rockwell's "Rosie the Riveter" for $4.9 million.
[32] In 1998, she hit a gas meter while driving under the influence of alcohol. The Wal-Mart heiress spends the majority of her time at here, living in this modest one story 4,432 square foot house on a ranch. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider
Sign up for Insider Retail. Unearthed by the fabulous Flickr user MidCentArc, the photos give a peek into a relatively modest (for a family whose riches could afford a San Simeon of their own) home that checks off all the '60s trends: Geometric cut-outs, stacked stone, low-slung furniture and built-ins. ", "Walmart's Walton family backing Clinton", Forbes The World's Billionaires: Alice Walton, Forbes The 400 Richest Americans: Alice Walton, Alice Walton's contributions to Crystal Bridges Museum, Why Wal-Mart Works; and Why That Drives Some People C-R-A-Z-Y, Women's Emergency Committee to Open Our Schools, Religious Sisters of Mercy of the Americas, Alpha Kappa Alpha Sorority’s Beta Pi Omega Chapter, Hispanic Women's Organization of Arkansas, https://en.wikipedia.org/w/index.php?title=Alice_Walton&oldid=985477100, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 October 2020, at 04:54. In December 2004, Walton purchased art sold from the collection of Daniel Fraad and Rita Fraad at Sotheby's, in New York.
[29], Walton married a prominent Louisiana investment banker in 1974 at age 24, but they were divorced 2½ years later. [7][8], 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. You know the Waltons better as the family behind Walmart. Welcome to the Historic Walton House.
as well as other partner offers and accept our. Alice Walton is the only daughter of Walmart founder Sam Walton.
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