Alice Louise Walton is heiress to the Wal-Mart fortune. According to Forbes, this American billionaire’s net worth is $34.4 billion making her the third-richest woman in the world.
Walton attended Trinity University in San Antonio, Texas, where she earned a B.A. in economics and finance. She started her career in finance as an equity analyst and money manager for First Commerce Corporation and later worked as vice chairperson and head of all investment-related activities at the Arvest Bank Group. In 1988, Walton founded and served as President, Chairperson and CEO for Llama Company, an investment bank engaged in corporate finance, public and structured finance, real estate finance, sales and trading. She was also a broker for E.F. Hutton before becoming the first chairperson and driving force behind the Northwest Arkansas Council. In the late 1990s, Walton closed Llama Company and moved to Walton’s Rocking W Ranch. At the age of 24, she married a renowned Louisiana investment banker, but the couple divorced two and a half years later. She remarried her pool contractor, before divorcing.
Alice has been arrested many times for driving while intoxicated. In 1989 she was involved in the speeding death of a woman, but no charges were filed.