Born on: 7th Oct 49Born in: United StatesMarital status: DivorcedOccupation: Hieress, Walmart
Born Alice Louise Walton has an estimated net worth of $34.9 billion as of March 2014 according to Forbes. A woman with endless amount of fortune to spend, Alice Walton is the youngest of the 4 children of Sam Walton and Helen Walton and one of the three surviving heirs to the world’s biggest retail chain and business, Wal-Mart. Her life has been the major topic of interest to the Americans, who despise the Wal-Mart family as much as they love its stores, which has been a positive force in terms of bringing down the cost of living for poor Americans. With a net worth exceeding $21 Billon, she is the 10th richest American and can buy almost anything and everything. However, when she does buy, it makes the top headlines, almost always not for better. Her $35 million acquisition of “Kindred Spirits,” by Asher B. Durand, from the New York Public Library for her Crystal Bridges museum created a huge stir in the art market and aroused a wave of skepticism from art lovers. A graduate in Economics and Finance from Trinity University in San Antonio, Texas, she didn’t join her father’s company right away. Instead she got her first job as an equity analyst at First Commerce Corporation. Her later business exploits include an investment bank, which she opened in 1988. However the ill-timed bond market crash in 1998 was enough to fold the bank. Alice’s also served as the vice chairperson of Arvest Bank Group. Despite her secrecy shrouded persona, Walton’s philanthropic efforts have not gone totally unrecognized. Using her position at Northwest Arkansas Council, she got built an airport, which used the finances provided by her as seed. Alice Walton has also funded the 160-acre Camp War Eagle in Bentonville’s outskirts, where campers belonging to different socioeconomic strata and races participate, with the less affluent ones receiving scholarships. Alice Walton likes to spend her time in the quiets of her 3,200-acre Texas Ranch and her childhood home in Bentonville. She likes to go for horse riding on occasions and dotes on her nieces and nephews. A more interesting bit of her life has been her frequent conflicts with the law on accounts of rash driving or drunken driving.