Alice Walton: The Rise of the Wealthiest Woman in Retail Finance
Walmart's Stock Soars
Alice Walton has become the world's richest woman after a surge in Walmart's stock, contributing to her staggering net worth of over $95 billion according to the Bloomberg Billionaires Index.
Impact of Stock Performance
- The stock price of Walmart increased by 44%
- This growth translated to a remarkable $25 billion increase in her net worth this year
In comparison, Françoise Bettencourt Meyers, who previously rivaled Walton, has experienced a downturn in her wealth due to significant declines in L'Oréal shares.
Wealth Distribution Among Siblings
Alice's brothers, Jim and Rob, are also billionaires, each with a wealth close to Walton's, maintaining a firm grip on their family's retail empire.
Centibillionaire Club
If Walton's fortune breaches the $100 billion threshold, she will rank among the elite centibillionaires alongside figures like Elon Musk and Warren Buffett.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.