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September 18, 2013

Alice Walton remains among wealthiest Americans

From Staff and Wire Reports

Parker County is still home to one of the wealthiest Americans.

Alice Walton, who operates a horse ranch near Millsap, was listed at No. 8 on Forbes Magazine’s ranking of the wealthiest Americans. The listing places the Walmart heiress’ current wealth at $33.5 billion.

Besides her horse ranch, the magazine highlighted Walton’s Crystal Bridges Museum of American Art, which she founded in 2011, saying the Bentonville, Ark., museum eclipsed 1 million visitors in under two years of operation. The museum includes works spanning five centuries from Andy Warhol, Norman Rockwell, Georgia O’Keeffe and others, and some of the pieces Walton is said to have donated herself from her personal collection.

Four members of the Walton family made Forbes’ top 10 list of American billionaires, but the magazine calls Alice Walton the family’s “biggest philanthropist,” having given more than $2 million in 2012 to support charter school initiatives. She and her siblings have also donated about $2 billion to the Walton Family Foundation over the last five years. Since last year, she has reportedly received more than $350 million in Walmart dividends after taxes.

Topping the Forbes list of America’s wealthiest people was Microsoft co-founder and chairman Bill Gates at $72 billion, up from $66 billion a year ago, who the magazine said has reclaimed the title of world’s richest person.

According to Forbes, 273 members of the list are self-made billionaires, while 71 inherited their wealth and another 56 inherited at least some of it but are still growing it.

Facebook CEO Mark Zuckerberg returned to the list’s top 20 after dropping out the year before. His net worth of $19 billion earned him the No. 20 spot.

Facebook co-founder Dustin Moskovitz also made the list, at No. 85,with a net worth of $5.2 billion. At age 29 and just a few days younger the Zuckerberg, Moskovitz ranks as the youngest member of the list.

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