Ms. Walton graduated from Trinity College, in San Antonio, Texas, with a B.A. in Economics and Finance. She began her career in finance as an equity analyst and money manager for First Commerce Corporation; and later served as Vice Chairman and head of all investment-related activities at the Arvest Bank Group.
In 1988, Ms. Walton founded Llama Company, an investment bank engaged in corporate finance, public and structured finance, real estate finance and sales and trading. She served as President, Chairman and CEO.
She was the first chairperson and driving force behind the Northwest Arkansas Council. This community development organization played a major role in securing the development of the Northwest Arkansas Regional Airport.
Ms. Walton arranged for, and provided, the initial seed capital to finance the construction of the airport. Her involvement was instrumental in the creation of the airport, and in recognition of her contribution to the airport project and her support of transportation improvements throughout the region, the Airport Authority Board of Directors named the airport terminal the Alice L. Walton Terminal Building. In 2001, Ms. Walton was inducted into the Arkansas Aviation Hall of Fame.
In addition to her philanthropic activities as a board member of the Walton Family Foundation, Ms. Walton has been active on the Board of the University of Arkansas for Medical Sciences at Little Rock and the Board of Advisors for the University of Arkansas Graduate Business School at Fayetteville.
In 1996, the University of Arkansas established the Alice L. Walton Chair in Finance, allowing the University, through its College of Business Administration, to pursue educational excellence on a national and international level.
Ms. Walton's vision led to the creation of Camp War Eagle, a unique summer camp in Northwest Arkansas that brings together children of differing socio-economic backgrounds and provides a remarkable experience for children who might not otherwise have the opportunity to attend a camp of this stature
Ms Walton serves on the board of the Amon Carter Museum in Fort Worth, Texas and is a member of the Trustees' Council of the National Gallery of Art in Washington, DC.
An avid horse-lover, Ms Walton currently lives in central Texas, where she raises cutting horses and operates the Rocking W Ranch." alicewalton.org
"Born on:Oct 07, 1949 (Age: 63)Libra
Born in: Newport, Arkansas
Marital status: Divorced
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." (bornrich.com)