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Meet Walmart Heiress Alice Walton Who is the Richest Woman in the World

By: GWL Team | Friday, 13 September 2024

Walmart heiress, Alice Walton has surpassed Francoise Bettencourt Meyers, becoming the world's wealthiest woman. Her accomplishment is an inspirational alteration for all the businesswomen.

The realm of business has been witnessing tremendous rise of women leaders who are not only becoming successful but are on the race of becoming the richest and wealthiest ones in the industry. Numerous companies can be seen across the world, running and led by women. These companies are not only profiting but are some of the biggest players in the market.

Hundreds of women have come into the race of carving their names in the history. However, only few get successful and the world gets to know about their successful stories. As per statista, the Global GDP is at 100.66 trillion USD while women playing a major role in balancing it out as well as contributing to the industry with their innovative ideas and business skills.

Besides, American women have always been known for their competence and brilliance towards bringing change in the society. Many American women have now made their names and secured their title of ‘successful women’. But one that shined the brightest in the recent days is none other than ‘Alice Walton’.

Alice Walton’s Walk of Life

This american heiress to the fortune of Walmart was born to founder Sam Walton and Helen Walton in Newport, Arkansas, having three brothers. She started off her career as an equity analyst and money manager for First Commerce Corporation and later on moved towards heading investment activities at Arvest Bank Group.

Additionally, Alice founded an investment bank entitled as ‘Llama Company’ in the year 1988 where she served as the president, chairwoman, and Chief Executive Officer (CEO). In a first, she became the first person to chair at Northwest Arkansas Council, playing significant role in Northwest Arkansas Regional Airport’s development that was inaugurated in 1998. She has also established the Crystal Bridges Museum of American Art in Bentonville, Arkansas, with an intent to voyage on the path of art and philanthropy.

Journey towards Success

With the closing of Llama Company in the year 1998, Alice was welcomed into Arkansas Aviation Hall of Fame in 2001. Considering her interest towards art, she bought art sold from Daniel and Rita Fraad’s collection at Sotheby's in New York in the year 2004.

Despite being involved in art and charitable endeavours, Alice always had her stake in family in Walmart and that led her towards the world of business where she excelled. Because of the ongoing success of the company, she became a significant part and solidified her position for having immense wealth, bringing her the title of “World’s Richest Woman”.

Alice’s art interest also led her to her family’s Walton Family Foundation to establish the Crystal Bridges Museum of American Art in Bentonville, Arkansas which opened in 2011. It has been visited over 5 million times by the year 2021, exemplifying her success in art as well.

Besides art, Alice was also into philanthropic work and politics that includes her being the 20th-largest individual contributor to 527 committees in the US presidential election 2004. To the conservative Progress, she has donated US$2.6 million for America group. In addition, amongst a total $407 million, she also donated $225 million from Walmart heirs to the Walton Family Holdings Trust.

Peak of Success

After surpassing Françoise Bettencourt Meyers, Alice has acquired the title of world's richest woman. Now, having the net worth ascended beyond $95 billion, as per Bloomberg Billionaires Index. The company’s 44% increase in stocks added $25 billion to her fortune.

Bringing family legacy, business acumen and her willingness towards philanthropy, Alice has become a renowned name in the world of business, having worth in abundance. Her dedication and commitments towards the business has helped her acquire this title.