Alice Walton

Early Life

Alice Louise Walton was born on October 7, 1949, in Newport, Arkansas. She grew up in Bentonville, Arkansas, alongside her three brothers. She graduated from Bentonville High School in 1966 and later earned a B.A. in economics from Trinity University in San Antonio, Texas.

Rise to Success

Alice Walton's career began in finance, where she worked as an equity analyst and money manager for First Commerce Corporation. She also headed investment activities at Arvest Bank Group and later became a broker for EF Hutton. In 1988, she founded Llama Company, an investment bank, where she served as president, chairwoman, and CEO. Walton played a major role in the development of the Northwest Arkansas Regional Airport, and was the first person to chair the Northwest Arkansas Council.

Key Business Strategies

Walton's career path has been marked by a shift away from the core retail operations of Walmart, unlike her brothers. Instead, she focused on investment and the development of her own ventures. Her strategic decisions have focused on philanthropic endeavors, particularly in the arts and healthcare. Walton's experience as an equity analyst and money manager was instrumental in her later ventures, including founding Llama Company.

Philanthropy

Alice Walton is known for her significant philanthropic contributions. In 2017, she established the Alice L. Walton Foundation, which supports arts, education, health, and economic opportunities. She founded the Crystal Bridges Museum of American Art in Bentonville, Arkansas. In 2019, Walton established the Whole Health Institute to improve access to holistic healthcare. She is also involved in the Alice L. Walton School of Medicine, which is planned to open in 2025.