Meet world’s richest woman, not richer than Mukesh Ambani, Gautam Adani, her net worth is…, her business is…, she is not Loreal heiress
Alice Walton, Walmart heiress, has reclaimed her position as the world’s richest woman, surpassing L’Oreal heiress Francoise Bettencourt Meyers, as reported by Forbes. Walton, aged 74, now holds an estimated net worth of USD 89.1 billion, edging out Meyers, whose wealth stands at USD 88.4 billion. This achievement renews the rivalry between the two, with Meyers first taking the lead in 2019, only for Walton to regain it the following year.
As the daughter of Walmart founder Sam Walton, who established the company in 1945, Alice has seen Walmart grow into the world’s largest retailer, now valued at a staggering Rs 5,355,300 crore. The Walton family’s wealth, largely consolidated in family-owned entities, amounts to an extraordinary Rs 2,23,32,85 crore.
Walton’s net worth has soared to over USD 95 billion, driven by a remarkable 44% surge in Walmart’s stock price this year alone. This surge has added a staggering USD 25 billion to her wealth, marking a significant milestone in her financial journey.
Adani Group chairman Gautam Adani currently ranks 11th on the index with a net worth of USD 111 billion, ahead of Mukesh Ambani whose USD 109 billion wealth placed him at No. 12, according to the Bloomberg Billionaires Index.
Walton family fortune
Alice Walton’s recent surge in wealth shows her family’s enduring impact as she co-leads Walton Enterprises, the primary holding company for the Walton fortune. This year alone, Alice’s net worth increased by an impressive Rs 25,368 crore. Her brothers, Rob and Jim Walton, also rank among the wealthiest, each with fortunes of Rs 1,02,000 crore and Rs 1,04,000 crore, positioning them as centi-billionaires.
Walmart’s stock performance has elevated the Walton siblings into the global wealth elite, alongside figures like Elon Musk and Jeff Bezos. Currently, Alice is the world’s 18th richest individual, with her brothers ranking just ahead at 16th and 17th. This cements the Walton family’s place as one of the most financially influential, surpassing other notable heiresses, including Julia Flesher Koch and Melinda French Gates.
Alice Walton: Companies
Alice Walton has been involved with several companies throughout her career, including:
- Walmart
- First Commerce Corporation
- Arvest Bank Group
- EF Hutton
- Llama Company
- Crystal Bridges Museum of American Art
- Whole Health Institute
- Alice L. Walton School of Medicine
Meanwhile, Elon Musk remains the world’s wealthiest individual. As per Forbes’ Real-Time Billionaires List, the net worth of Elon Musk stands at an USD 251.5 billion and the billionaire entrepreneur is best known for founding companies like SpaceX and The Boring Company, co-founding PayPal.