Alice Walton’s net worth increased by $33 billion between March 2025 and March 2026, bringing her total wealth to nearly $120 billion, according to Forbes. Walton, a Walmart heir and art patron, achieved this growth without running the company or serving on its board. She is now focusing on building a tuition-free medical school, marking a significant philanthropic effort.
Walton, the youngest child of Walmart founder Sam Walton, co-manages Walton Enterprises, one of two family holding companies controlling an estimated 39% to 44% of Walmart. She directly owns about 20 million Walmart shares valued at approximately $2.2 billion, while Walton Enterprises holds about 3 billion shares and votes another 513 million shares through the Walton Family Holdings Trust, as detailed in Walmart’s 2026 proxy statement.
Her fortune is closely tied to Walmart’s stock performance, which has climbed despite the company being overtaken by Amazon as the No. 2 Fortune 500 firm this year. Walton’s wealth growth highlights the continued value of inherited stakes in major retailers and her ability to expand her influence beyond business into philanthropy, particularly in education and healthcare sectors.
Walton’s tuition-free medical school project represents a major investment in healthcare education, reflecting her commitment to philanthropy. At 76, she continues to leverage her wealth and family holdings to impact sectors beyond retail, with her net worth and philanthropic activities closely tracked by Forbes and Walmart’s official filings.