Alice Louise Walton is the youngest child of Wal-Mart founder Sam Walton. She owns almost 343 million shares in the world's largest retailer, mostly through the family's holding company Walton Enterprises. She also owns a large collection of American art, which is displayed in her museum, Crystal Bridges, located in Bentonville, Arkansas.
President Barack Obama held up Wal- Mart Stores Inc. as an example as he seeks public support for an energy and environment initiative that’s been met with skepticism from business groups and Republicans, who say it will kill jobs.
Amazon.com Inc. Chief Executive Officer Jeff Bezos saw his fortune rise by $2.72 billion yesterday to $21.2 billion, highlighting a week in which the world’s 40 richest people added $5.4 billion to their collective wealth.
Billionaires Alice Walton, George Soros and Marc Benioff are helping to finance a super-political action committee encouraging former U.S. Secretary of State Hillary Clinton to run for president, according to a report filed yesterday with the Federal Election Commission.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Last week, in a column about the new billion-dollar Crystal Bridges Museum of American Art in Bentonville, Arkansas, I mentioned an economist’s estimate that the heirs of Sam Walton, the founder of Wal- Mart Stores Inc., are collectively worth about the same as the bottom 30 percent of all Americans. Alice Walton, who founded the museum, is herself worth about $21 billion.