With a net worth of $33.2 billion, Alice Walton
isnâ€™t just the wealthiest woman on our list of
the 50 richest people on
earth,Â sheâ€™s also a member of one of
the richest families in the world.
Alice, along with older brothers Jim and Rob, who also graced the list, produced with Wealth-X,Â a company that conducts research on the super wealthy, have a combined net worth of $101.5 billion, thanks primarily to their stake in retail giant Walmart.
Instead of spending time at Walmart, Walton became a patron of the arts at a young age. When she was just 10 years old, Walton saved up her allowance to buy a reproduction of Picassoâ€™s â€œBlue Nude,â€ she told The New Yorker.
â€œCollecting has been such a joy, and such an important part of my life in terms of seeing art, and loving it,â€ she said.
She began buying watercolor pieces in the 1970s and adorning the walls of her Rocking W Ranch with them. From there she moved on to more serious original works, particularly those by classic American artists; her immense personal collection now includes pieces from Andy Warhol, Norman Rockwell, and Georgia Oâ€™Keefe, among others.
In 2011, she opened the $50 million Crystal Bridges Museum in ArkansasÂ to house her $500 million collection. When it opened, Crystal BridgesÂ already had four times the endowment of the famous Whitney Museum in New York.
Before delving into the art realm, Walton made a brief career as an equity analyst and even founded her own investment bank, Llama Company, in 1988. The company closed about 10 years later, shortly after Walton was arrested for drivingÂ under the influence of alcohol (not for the first time).
Twice divorced with no children, Walton is also a lover of horses, which she breedsÂ at Rocking W Ranch, located in Texas, and rides competitively. The 1,456-acre ranch, however, is currently for sale for nearly $20 million.
Walton is one of just four women to make our list ofÂ the 50 richest people on earth â€” and eachÂ inherited their fortune. The next wealthiest woman is 93-year-oldÂ Liliane Bettencourt, the French heiress to the Lâ€™Oreal fortune, with a net worth of $29 billion.