World’s richest woman Alice Walton builds a $250 million tuition-free medical school

For Alice Walton, much of the attention around her wealth comes from an asset she did not build herself. The youngest child of Walmart founder Sam Walton has remained a major shareholder in the retail giant, even as her own career moved away from the company. Her fortune has continued to rise with the value of the family’s Walmart holdings. In the year to March 2026, Forbes estimated that her net worth increased by about $33 billion, taking it to almost $120 billion. Walton, now 76, is not a Walmart executive or board member. Her public work in recent years has instead centred on art, philanthropy and a growing interest in medicine.Alice Walton’s early career took her from Walmart to financeWalton briefly worked for Walmart after graduating from Trinity University in 1971. Her early role was as a buyer of children's clothing, but she did not remain with the retailer for long. She moved into finance, working as a stockbroker at E.F. Hutton before taking on investment responsibilities at Arvest, the family-owned bank.As reported by Bloomberg, in 1988, Walton established her own investment bank, Llama Co. The business eventually closed after the 1998 bond market crash. Her professiona...