Alice Walton – Retail – United States

Alice Louise Walton (born October 7, 1949) is the daughter of Wal-Mart founder Sam Walton and Helen Walton, and sister of S. Robson Walton, John T. Walton, and Jim Walton. She and her mother each have an estimated net worth of about $18.0 billion.

She is a graduate of Trinity University and lives in Mineral Wells, Texas on The Rocking W Ranch.

Wal-Mart founder Sam Walton's only daughter, Alice chose not to get involved in the operations of the family business. For a time she was a broker for E.F. Hutton. Her hobby is horses.

Walton was the 20th largest individual contributor to 527 committees in the U.S. presidential election, 2004, donating $2.6 million to the conservative Progress for America group.[1] During the 2004 election cycle, Progress for America ran advertisements supporting the Iraq occupation and praising George W. Bush for preventing "another 9/11". The ads were criticized for their inaccuracy.[2]

In 1989, Alice Walton killed a 50-year-old pedestrian in an automobile accident in Springdale, Arkansas. Although Walton was speeding, and had been been ticketed multiple times over the previous year for reckless driving incidents, no charges were filed in connection to the 1989 fatality.[3] In 1996, Walton was cited for driving while intoxicated and fined $925.[4]

Art collection

In 1995, Alice Walton purchased Asher Brown Durand's celebrated painting, Kindred Spirits, in a sealed-bid auction for a purported $35 million dollars. The 1849 painting, a tribute to Hudson River School painter Thomas Cole, had been given to the New York Public Library in 1904 by Julia Bryant, the daughter of Romantic poet and New York newspaper publisher William Cullen Bryant (who is depicted in the painting with Cole).[5] Walton has also purchased works by American painters Winslow Homer and Edward Hopper, as well as a notable portrait of George Washington by Charles Willson Peale[6], in preparation for the 2009 opening of the Crystal Bridges Museum of American Art in Bentonville, Arkansas.[7]

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