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.
Wal-Mart Stores Inc.’s former general counsel has joined a sports-medicine clinic and foundation supported by a range of wealthy benefactors, including a member of the Walton family and a Wal-Mart director.
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.
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.
Neal McCabe, a former global co-head of a Lehman Brothers unit whose career included working for Salomon Brothers, an heir to the Wal-Mart Stores Inc. fortune and a Texas oil company, has died. He was 60.
The brand-new Crystal Bridges Museum of American Art in the small northwest Arkansas city of Bentonville is the creation of Alice Walton, the daughter of the late Sam Walton, who founded Wal-Mart Stores Inc., the largest retailer in the world.
John Hancock, the estranged son of Australia’s wealthiest citizen, the iron ore billionaire Gina Rinehart, recently flew to the U.S. to join 400 guests at a four-day wedding celebration in Bar Harbor, Maine.