![]() She spent a night in jail and charges were later dropped, but not before her mug shot flew across the Internet. On her 62nd birthday, in October 2011, she was arrested by a Texas highway patrolman when she refused to take a Breathalyzer test. She smashed her nose in another accident in 1998 and was charged with a DWI. Walton crashed into her and killed her instantly. one morning in her Porsche and didn't see Oleta Hardin, a 50-year-old mother of two, step into the road. Walton was driving through misty Fayetteville, Ark. But her driving again overshadowed her financial work. In the 1980s Walton took over the running of the investment operations at the family's Arvest Bank and set up her own lending and brokerage shop called Llama with $19.5 million of family money. The Youngest Billionaires On The Forbes 400 She still has a limp from the decades-old injury.įorbes 400: The Richest People In America The average net worth of America's 400 richest rose $800 million to a record $5 billion this year. It took a year and 22 operations to recover. She shattered one leg and contracted a bone infection before she could be airlifted out of Mexico. She was driving alone through the mountains when she lost control of her rented Jeep. The maverick side of Alice caught up with her during a family retreat in Acapulco over Thanksgiving of 1983. ![]() Alice licked her wounds back in Arkansas, helping manage the family's investments. She remarried soon after-to the contractor who built her swimming pool. In 1974, at age 24, she wed a prominent Louisiana investment banker, a union that lasted only two and a half years. While she clearly didn't need to work, she began managing millions of dollars as an E.F. She soon decamped to New Orleans, where she became a fixture in the French Quarter social whirl. Walton got an economics and finance degree in 1971 from Trinity University in San Antonio, Tex., and worked briefly as a buyer at Walmart after graduation. She's never had any kids, but speaks fondly of her 23-year-old horse trainer, Jesse Lennox, and loves watching him compete. 409), where she breeds cutting horses and cooks her famous beans and rice for her ranch family, as she calls her live-in staff. She spends the majority of her time at her Rocking W Ranch an hour west of Fort Worth, Tex., in tiny Millsap (pop. SAM WALTON SAID it best when he described his youngest child and only daughter as "the most like me–a maverick–but even more volatile." Of Sam's three surviving children Alice has been the least involved in Walmart's affairs and, though she attends the company's annual meeting, she's the only one not on the board. And it's also a statement about Alice Walton herself. "She's obviously spending a lot of money, and fast," says ArtNews publisher Milton Esterow. She's the second-richest woman in America (sister-in-law Christy is worth a bit more), with a fortune of $33.5 billion derived almost entirely from shares in her late father Sam Walton's retail behemoth.Īs if those resources don't suffice, the tax-minimizing Walton Family Foundation put another $1.2 billion into Crystal Bridges, and Walmart's $20 million sponsorship means admission is free.ĪrtNews recently added Walton to its list of the world's ten most important collectors, alongside billionaire auction mainstays like hedge funder Steve Cohen and banker Leon Black. Walton, however, is the wealthiest person ever to catch the art bug. It's almost unprecedented to amass such an impressive set of work in such a short period of time. Over the past eight years she's built a 200,000-square-foot museum from scratch in a rocky ravine in the Ozarks and filled it with Warhols, Rothkos and Pollocks as well as pricey gems from lesser-known artists. It was obvious visually there was this empty space for around 300 miles," says Wilmerding. ![]() "She had drawn circles in pen of every major art museum. A decade ago Walton was a modest collector who, in one of her regular visits to her consigliere and Princeton art historian John Wilmerding, took out a map of the U.S. If Alice Walton, 63, wants something, she'll probably get it. ![]() "We've got to figure out how to get that done," she says in her slow, undulating twang, brown eyes framed by her trademark purple eyeglasses.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |