Skip to main content

Alice Walton is the richest woman in the world

With a net worth of $33.2 billion, Alice Walton isn't just the wealthiest woman on our list of the 50 richest people on earth, she's also a member of one of the richest families in the world.
Alice, along with older brothers Jim and Rob, who also graced the list, produced with Wealth-X, a company that conducts research on the superwealthy, have a combined net worth of $101.5 billion, thanks primarily to their stake in retail giant Walmart.
Unlike her brothers, 66-year-old Walton never took an active role in running the retail empire her father started in 1962, though she's still managed to become the target of pushback from minimum-wage Walmart employees who view her highfalutin lifestyle as insensitive and ignorant to the plight of many workers.
Instead of spending time at Walmart, Walton became a patron of the arts at a young age. When she was just 10 years old, Walton saved up her allowance to buy a reproduction of Picasso's "Blue Nude," she told The New Yorker.
"Collecting has been such a joy, and such an important part of my life in terms of seeing art, and loving it,” she said.
She began buying watercolor pieces in the 1970s and adorning the walls of her Rocking W Ranch with them. From there she moved on to more serious original works, particularly those by classic American artists; her immense personal collection now includes pieces from Andy Warhol, Norman Rockwell, and Georgia O'Keefe, among others.
In 2011, she opened the $50 million Crystal Bridges Museum in Arkansas to house her $500 million collection. When it opened, Crystal Bridges already had four times the endowment of the famous Whitney Museum in New York.
Before delving into the art realm, Walton made a brief career as an equity analyst and even founded her own investment bank, Llama Company, in 1988. The company closed about 10 years later, shortly after Walton was arrested for driving under the influence of alcohol (not for the first time).
Twice divorced with no children, Walton is also a lover of horses, which she breeds at Rocking W Ranch, located in Texas, and rides competitively. The 1,456-acre ranch, however, is currently for sale for nearly $20 million.
Walton is one of just four women to make our list of the 50 richest people on earth — and each inherited their fortune. The next wealthiest woman is 93-year-old Liliane Bettencourt, the French heiress to the L'Oreal fortune, with a net worth of $29 billion.

Comments

Popular posts from this blog

Olajumoke Orisaguna Stuns In New Photos

Bread-seller turned model Olajumoke,who is currently shooting for her new reality show really looks amazing as she stuns in several outfits. Here are more photos below......

Chris Brown taunted in jail over Rihanna beating

According to reports, other prisoners are giving C hris Brown hell in jail for attacking Rihanna From  Hollywood Life  “One inmate said in passing ‘you a b***h for hitting Rihanna,’” a source close to the situation exclusively reveals to HollywoodLife.com. Chris is doing his best not to listen to the banter, however, it does make him “extremely upset” when he hears such sentiments. “They be saying other stuff too, like ‘you ain’t no rapper, you’re a whack R&B singer,’” the source continues. “They’re in there trying to break him down.”

The reason behind Halle Berry and Olivier Martinez split

  Last week rumors spread that  Halle Berry  and third husband actor Olivier Martinez may be headed for divorce. And now there are reports that the reason behind the split is Halle and Olivier Martinez' 6 month old son... From  Star Magazine Friends say that the duo are leading increasingly separate lives because they can’t stop fighting. “They have had some extremely vicious arguments, and every small thing is causing issues,” a source says. “Olivier thinks Halle is spending too much time working and trying to lose weight and not enough time on their baby. Halle is tired of Olivier telling her what to do. Both of them are very hot tempered and stubborn.