Alice Walton got $33 billion richer last year without running a company. She’s building a tuition-free medical school instead

Alice Walton has been one of the richest women in the world for years. She came by her massive $100 billion-plus fortune by way of being part of the family behind Walmart, the No. 2 Fortune 500 company (only this year beat out by Amazon). 

Walton’s wealth continues to skyrocket despite her dedication as an art patron and philanthropist. In fact, between March 2025 and March 2026, her net worth grew a whopping $33 billion, according to Forbes. Today, she’s worth nearly $120 billion. She did that without running the company or even sitting on the board of Walmart, unlike her brothers who also hold significant shares of Walmart.

Alice, who is the youngest child of Walmart founder Sam Walton, co-manages Walton Enterprises, which is one of the two family holding companies that controls an estimated 39%-44% of the retailer. She’s estimated to own about 20 million shares of Walmart directly in her name, which would be worth about $2.2 billion by today’s numbers. 

But Walton, 76, holds most of her stake in Walmart indirectly through........

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