Jim Walton still chairs the family’s Arvest Bank Group after being replaced as a director of Walmart by his son Steuart Walton in 2016. Alice, meanwhile, is best known for founding the Crystal Bridges Museum of American Art in the Waltons’ hometown of Bentonville, Arkansas. She chaired the museum for a decade before tapping Jim’s daughter-in-law Olivia Walton as her successor in 2021. That includes more than $550 million that her Art Bridges Foundation has spent acquiring and loaning out works of American art to more than 300 museums across the country since its founding in 2016. It also includes an estimated $400 million gifted through the Walton Family Foundation to organizations focused on education reform, the environment and the region surrounding Bentonville.

Source: Forbes March 12, 2026 07:33 UTC