Alice Walton
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| Alice Walton | |
| Born | October 7, 1949 Newport, Arkansas |
|---|---|
| Net worth | US$17.6 billion |
Alice Louise Walton (born October 7, 1949 in Newport, Arkansas)[1] is an American heiress to the Wal-mart fortune. She is the daughter of Wal-Mart founder Sam Walton and Helen Walton, and sister of S. Robson Walton, John T. Walton, and Jim Walton. In 2009, her estimated net worth was US$17.6 billion, making her the richest woman in the world along with her sister-in-law Christy Walton.
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[edit] Biography
Alice Walton graduated from Trinity University in San Antonio, and lives in Mineral Wells, Texas on The Rocking W Ranch.
Wal-Mart founder Sam Walton's only daughter, Alice chose not to get involved in the operations of the family business. For a time, she was a broker for E.F. Hutton. Her hobby is horses.
Walton was the twentieth 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.[2] During the 2004 election cycle, Progress for America ran advertisements supporting the Iraq war and praising George W. Bush for preventing "another 9/11". [3]
In 1989, Walton hit a fifty-year-old pedestrian woman in an automobile accident in Springdale, Arkansas. The woman later died from her injuries; no charges or citations were issued to Walton. In 1996, Walton was cited for driving while intoxicated and fined US$925.[4]
[edit] Art collection
In 2005, Alice Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, in a sealed-bid auction for a purported US$35 million dollars. The 1849 painting, a tribute to Hudson River School painter Thomas Cole, had been given to the New York Public Library in 1904 by Julia Bryant, the daughter of Romantic poet and New York newspaper publisher William Cullen Bryant (who is depicted in the painting with Cole).[5] Walton 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,[6] in preparation for the 2009 opening of the Crystal Bridges Museum of American Art in Bentonville, Arkansas.[7]
[edit] See also
[edit] References
- ^ http://hbswk.hbs.edu/item/2375.html
- ^ OpenSecrets.org
- ^ Pro-Republican ads stretch the truth on Iraq to influence elections, McClatchy, October 17, 2006
- ^ Forbes Autos
- ^ National Gallery
- ^ Alice Walton's Fig Leaf
- ^ Crystal Bridges website
Alice Walton's contributions to Crystal Bridges Museum
