The heiress of Walmart Alice Walton has again assumed the mantle of the richest woman in the world. Walton was earlier in the second position behind only Liliane Bettencourt, the French heiress of the cosmetic giant L’Oreal who passed away at the age of 94.
Among the richest, Bettencourt was at number 15 in the world prior to her demise and Walton was at number 19. The figures 15 and 19 must not be confused because they are just generalized figures of the richest individuals in the world and not just women. Presently, Walton is adorned with the mantle of the richest woman in the world.
Alice Walton Is A Member of The Richest Family In the World
Walton is a member of one of the richest families in the world and has an estimated net worth of $38.4 billion. Walton, along with her two elder brothers Rob and Jim who are also part of the list generated by Wealth-X, which is a company that researches the super wealthy, and the threesome have a combined net worth of $101.5 billion, which is primarily because of their holdings in the retail giant Walmart.
The 66-year-old Walton was never actively involved in managing the retail empire established by her father in 1962, unlike her brothers. However, she did manage to become a target of Walmart employees that were drawing minimum wages, who viewed her high-flying lifestyle as being ignorant and insensitive to the plight of employees.
Walton had become a patron of arts from a young age rather than spending time managing Walmart. She had saved up her allowance to purchase a reproduction of Picasso’s “Blue Nude” when she was just 10 years old, she mentioned to the New Yorker.
Walton considers art as an important part of her life in terms of seeing and loving it, while at the same time also mentioning that collecting art is such a joy.
Alice Walton Belongs to The Richest Discreet Family In America
Walton began purchasing watercolor pieces during the 70s, which she used to adorn the walls of her Rocking W Ranch before moving on to original works of art with a marked preference being shown to classic American artists. The immense personal collection owned by Walton includes works by Andy Warhol, Georgia O’Keefe, and Norman Rockwell apart from many others.
2011 witnessed the opening of the Crystal Bridges Museum in Arkansas valued at $50 million, which was entrusted with the responsibility of housing her collection worth $500 million. Crystal Bridges already had four times the endowment as compared to the famous Whitney Museum in New York during the time of its opening.
Walton also had a brief career as an equity analyst and even established an investment bank in 1998, which was known as the llama company. The investment bank wound up a decade later, shortly after Walton was apprehended for driving under the influence of alcohol which wasn’t the first occasion. However, this was before she became interested in the realm of art.
Walton divorced twice but has no children. She is also a lover of horses and is actively involved in breeding them at the Rocking W Ranch which is located in Texas. Walton is a competitive rider and perhaps utilizes the 1456 acre ranch to test her expertise. The ranch, however, is currently up for sale for a price of nearly $20 million.
Just four women are listed among the 50 richest people on earth and Walton is one of them. These individuals have all inherited their fortune. The combined wealth of the Walmart heirs is estimated to $130 billion and it is more than the combined wealth of Bill Gates and Warren Buffet put together. Waltons are wealthier than the second richest family in the US- Kochs, by $48 million. Waltons are leading a pretty modest life in public, despite the vast fortune they have.
After the demise of Liliane Bettencourt, the heiress to the L’Oreal fortune, the mantle of being the richest woman in the world is presently the responsibility of Alice Walton who, we are certain, will take pride in the matter just as she does with her art collection and her horses.
Do you think we’ll now see changes in Walton’s high-flying lifestyle? Tell us why…