Alice Walton
- Net worth $124 billion
- Birthday October 7, 1949
- Status -
- Country United States
- Source(-s) of wealth Businesswoman, Philanthropist
How much is Alice Walton Worth? Alice Walton Net Worth in 2026
Alice Walton’s net worth is estimated at $124 billion as of November 2026. In 2005 she paid a reported $35 million for one painting, Asher Durand’s Kindred Spirits. By our calculation her Walmart dividends now cover that price in about two weeks.
| Net worth | $124 billion (our estimate, range $105 billion to $135 billion) |
|---|---|
| Estimated annual income | About $890 million in Walmart dividends before tax (our estimate) |
| Born | October 7, 1949, Newport, Arkansas |
| Age | 77 |
| Country | United States |
| Known for | Walmart heir, founder of the Crystal Bridges Museum of American Art and the Alice L. Walton School of Medicine |
| Main income sources | Walmart shares held directly and through Walton Enterprises and a family trust, dividends |
How much is Alice Walton worth in 2026?
We put Alice Walton at about $124 billion, in a range of $105 billion to $135 billion. Almost all of it is Walmart stock, and her family files its holdings with the SEC to the share. The filings don’t say how the family company is divided, so her quarter of it is our assumption, and it is the single biggest choice in this estimate.
She is third on our Top 10 Richest Heirs and Heiresses ranking, behind her brothers, and this ledger keeps that order: she holds fewer shares in her own name than Jim and has no bank or football team on the side. Public estimates sit around $134 billion. They appear to give her more than a quarter of the family company and to count older dividends that no filing totals, both before tax. Ours is lower for those reasons, not because her Walmart stake shrank.
How we got to $124 billion
Every Walmart row uses the $125.66 closing price on November 9, 2026.
| Source | Our estimate | What it rests on |
|---|---|---|
| Quarter of Walton Enterprises | $94.3 billion | The family company holds 3,002,673,393 Walmart shares, per the March 2026 SEC filing. Four managing trusts run it, one for each branch of the family, and hers is WELLCO Mgmt Trust #3. We credit her with a quarter, 750.7 million shares. The equal split is our assumption. |
| Quarter of the Walton Family Holdings Trust | $16.4 billion | The trust held 520,735,838 shares on February 27, 2026. A 2020 Form 4 says it exists for the holders of Walton Enterprises’ membership interests, so we apply the same quarter: 130.2 million shares. |
| Shares she holds directly | $2.5 billion | 20,245,740 shares, unchanged between the December 2024 filing and the March 2026 one. |
| Trust sales and payouts since 2020, after tax | $8.3 billion | The trust began with 415 million pre-split shares in 2020, 1,245,000,000 after the split, and is down to 520,735,838. Her quarter of the 641 million that left by December 2024 is valued at an assumed $55 a share, and her quarter of the 83 million that left since at an assumed $100. That is $10.9 billion, less 23.8 percent federal tax. If she gave much of it straight to charity, this row is too high. |
| Dividends on her Walton Enterprises quarter, 2022 to August 2026, after tax | $2.3 billion | Walmart paid $4.02 a share over that stretch, split adjusted. On 750.7 million shares that is $3.0 billion, less 23.8 percent tax. |
| Total | $124 billion | Rounded from $123.8 billion. Art, homes and older cash are left out because no record we opened puts a number on what she still owns personally. |
The tax rate is the 20 percent top federal rate on long-term gains plus the 3.8 percent net investment income tax, which also applies to dividends. State tax is left out.
Fourteen days of dividends
At Walmart’s $0.99 annual dividend, her assumed quarter of the company and trust plus her own shares, 901.1 million in all, pay about $892 million a year before tax. That is $2.4 million a day. The reported $35 million she paid for Kindred Spirits in a sealed-bid auction in 2005 works out to about 14 days of that income, by our calculation, and Norman Rockwell’s Rosie the Riveter, bought for $4.9 million in 2009, to about two days.
We don’t put the art in the ledger. She bought it to fill Crystal Bridges, the museum she opened in Bentonville in 2011 on 120 acres of family land, with free entry, and no page we opened says which works the museum owns and which she holds herself.
One trustee, one vote
On December 18, 2024, she moved her managing interest in Walton Enterprises, for no payment, into WELLCO Mgmt Trust #3, according to the Schedule 13D filed that week. Her brothers did the same with trusts #1 and #2. The company’s managing members act by majority vote.
The March 2026 amendment shows the difference between the siblings. Jim’s trust lists five trustees, him and four of his children. Alice’s lists one: Alice L. Walton. Whatever her branch’s share is, she is the only person who votes it.
From bond desk to medical school
Before the museum, she worked as an equity analyst and money manager, sold for a brokerage and ran investments at Arvest Bank Group. In 1988 she founded Llama Company, an investment bank that closed in 1998. Llama underwrote a $79.5 million bond for the $109 million Northwest Arkansas Regional Airport, and she put in $15 million of initial funding. The terminal carries her name.
Her latest large project is the Alice L. Walton School of Medicine in Bentonville, announced in March 2021. Construction began in 2023, the first students enrolled in 2025, and the school held its grand opening in late 2025, the most recent dated event tied to where her money is going.
The family trust kept selling into 2026. The filing’s transaction list shows 3,989,618 shares sold between February 23 and March 3, 2026, at weighted prices from $125.63 to $128.16, plus 1,151,000 shares handed to two family members. The filing says the dispositions serve the “investment, personal, and charitable objectives” of its beneficiaries.
What would move the figure
Each $10 move in Walmart’s stock changes our total by about $9 billion. The next dividend goes ex on December 11, 2026, at $0.2475 a share. Large gifts to her foundations or the medical school would lower the figure, and the family split is the biggest unknown: a smaller branch share sets our $105 billion floor, while older dividends we can’t see would lift it toward $135 billion.
Alice Walton net worth FAQ
What is Alice Walton’s net worth?
We estimate $124 billion as of November 2026, in a range of $105 billion to $135 billion. About $113 billion of it is Walmart stock she holds directly or through her assumed quarter of the family company and trust.
How many Walmart shares does Alice Walton own?
She holds 20,245,740 shares directly, worth about $2.5 billion at the November 9, 2026 close. Her branch is one of four behind Walton Enterprises, which holds 3,002,673,393 shares.
How much does Alice Walton make from Walmart dividends?
About $892 million a year before tax on our assumed holdings, at the 2026 rate of $0.99 a share. That is roughly $2.4 million a day.
How much did Alice Walton pay for Kindred Spirits?
A reported $35 million in a 2005 sealed-bid auction. She also bought Norman Rockwell’s Rosie the Riveter for $4.9 million in 2009.
Is Alice Walton the world’s richest woman?
She is often ranked there. On our ledger she is worth about $124 billion, third among Sam Walton’s children behind Jim at $127 billion and Rob at $125 billion.
How old is Alice Walton?
She is 77, born October 7, 1949, in Newport, Arkansas. She earned an economics degree from Trinity University in San Antonio.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.
Photo: Stephen Ironside / Wikimedia Commons, CC BY 4.0, cropped