Alice Walton, daughter of Wal-Mart founder Sam Walton, was born in 1949 on October 7 in Newport, Arkansas. She completed her graduation in Economics and Finance from Trinity University in San Antonio, Texas. Alice Walton started her career as
Money manager and equity analyst for First Commerce Corporation and after few times, she moved her family’s Arvest Bank Group where she became Vice Chairman and the head of all investment-related activities. She founded an investment bank dealing in real estate finance and sales, public and structured finance, corporate finance and trading in 1988 named Llama Company and headed it as Chairman, CEO and president. She also worked as a broker for E.F. Hutton. She contributed in the development of the Northwest Arkansas Council as its first chairperson.
Philanthropic work:
In 2004, she contributed in the U.S. presidential election with estimated $2.6 million to the right-wing progress for American group. She serves on Board of Advisors for the University of Arkansas Graduate Business School at Fayetteville and on the board of director of the University of Arkansas for Medical Sciences at Little Rock. She created summer camp Camp War Eagle in 1996 in Northwest Arkansas to bring together children from various social, economical and cultural backgrounds.
In 1989, in a car accident she killed 50-year-old pedestrian but no charge was filed against her. In 1996, she was caught of drunk driving and charged $925.
According to Forbes Magazine 2011, she is the world’s 16th richest woman whose net worth is $21.2 billion.
