Education and Career
Walton was born in Newport, Arkansas. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics and finance. She began her career in finance as an equity analyst and money manager for First Commerce Corporation and later served as vice chairperson and head of all investment-related activities at the Arvest Bank Group. In 1988, Walton founded Llama Company, an investment bank engaged in corporate finance, public and structured finance, real estate finance and sales and trading. She served as President, Chairperson and CEO. For a time, she was a broker for E.F. Hutton.
She was the first chairperson and driving force behind the Northwest Arkansas Council. This community development organization played a major role in securing the development of the Northwest Arkansas Regional Airport. In the late 1990s Walton closed Llama Company and moved to a 3,200 acre ranch in Millsap, Texas, named the Rocking W Ranch. An avid horse-lover, Walton currently lives in a modest one story 4,432 square foot stucco house on the horse ranch. She is known for having an eye for determining which 2 month-olds will grow to be champion cutters.
Walton arranged for and provided the initial seed capital to finance the construction of the airport. Her involvement was instrumental in the creation of the airport, and in recognition of her contribution to the airport project and her support of transportation improvements throughout the region, the Airport Authority Board of Directors named the airport terminal the Alice L. Walton Terminal Building. In 2001, Walton was inducted into the Arkansas Aviation Hall of Fame.
In his 1992 autobiography "Made in America", Sam Walton remarked that Alice was "the most like me – a maverick – but even more volatile than I am."
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