Alice Walton, the daughter of Wal-Mart founder Sam Walton, was born in Newport, Arkansas, on October 7, 1949. She received her bachelor's degree in Economics and Finance from Trinity University in San Antonio, Texas. She began her job as an equity analyst at First Commerce Corporation after graduating. She was also the Arvest Bank Group's vice chairperson. Alice Walton founded the Llama Company investment bank in 1998 and served as its Chairperson, President, and CEO.
Llama Companies operated for ten years until closing its doors in 1998. However, the 1990s offered her two big accomplishments: being the first person to lead the Northwest Arkansas Council and the construction of the Northwest Arkansas Regional Airport (1998). She withdrew from the world of high finance in 1998, after Llama closed down, to spend more time with her horses, and moved her property to Texas the following year. Her Rocking W Ranch, located on 3,200 acres of land, quickly became one of the best cutting horse breeders.
Although she spent much of her time in Texas caring for her horses, she continued to visit Bentonville and buy art throughout the 2000s. She eventually founded the Crystal Bridges Museum of American Art in Bentonville in November 2011, with the purpose of presenting American art. She sold her ranch and relocated to Fort Worth, Texas, in 2015 to be closer to Crystal Bridges, which she felt required more of her attention. She has been living there since.
According to Forbes, Alice Walton, the only female heir to the Walmart empire, is the richest woman in the world in 2020, with a net worth of $54.9 billion as of June 2020. So it is not surprising that Alice Walton is the richest woman in the world, as she has been a part of the richest family in the world for years, certainly after the other Walmart heirs.
However, Alice has made headlines not just for her family, but also for her interests and her exploits. Despite being chastised by many for living a life of opulence and abusing her fortune, Alice Walton remains a significant figure in the Walton family's humanitarian endeavours in education, economics, and the environment.
1.” Expenses should never exceed one percent of our purchases.” – Alice Walton
2.”To succeed in this world, you have to change all the time.” – Alice Walton
3.”High expectations are the key to everything.” – Alice Walton
4.”Do it. Try it. Fix it.” – Alice Walton
5.”Most everything I’ve done I’ve copied from somebody else.” – Alice Walton
6.“I was asked what I thought about the recession. I thought about it and decided not to take part.” – Alice Walton
7.”When all else fails, put on a costume and sing a silly song.” – Alice Walton
8.”Take the best out of everything and adapt it to your needs.” – Alice Walton
9.”Control your expenses better than your competition. This is where you can always find a competitive advantage.” – Alice Walton
10.”Commit to your business. Believe in it more than anybody else.” – Alice Walton
11. “Individuals don’t win in business, teams do.” – Alice Walton
12.” Appreciate everything your associates do for the business.” – Alice Walton
13.”There’s a lot more business out there in small-town America than I ever dreamed of.” – Alice Walton
14.”I not only knew I wanted to go into retailing, but I also knew I wanted to go into business for myself.” – Alice Walton
15.”Lose your smile and lose your customers.” – Alice Walton
16.”If you don’t listen to your customers, someone else will.” – Alice Walton
17.”The secret of successful retailing is to give your customers what they want.” – Alice Walton
18.”Job security lasts only as long as the customer is satisfied. Nobody owes anybody else living.” – Alice Walton
19.”Focus on something the customer wants, and then deliver it.” – Alice Walton
20.”The way management treats their associates is exactly how the associates will then treat the customers.” – Alice Walton
21.”If one of our customers comes into the store without a smile, I’ll give them one of mine.” – Alice Walton