Businesspersons
Alice Walton Net Worth
Alice Walton's Net Worth as of 2024
$39 billion
Alice Walton was born on 7 October 1949, in Newport, Arkansas USA, and is probably best known as the heiress to the Wal-Mart Company fortune, founded and expanded by her father Sam Walton since 1962. As such, Alice is rated by Forbes magazine as the 18th richest person in the world, and richest woman following the passing of Liliane Bettencourt in September 2017.
So just how rich is Alice Walton? Forbes has estimated that Alice’s net worth is currently over $39 billion but varying according to share valuations through her association with the Wal-Mart fortune in which she owns some 350 million shares, but also through her other business activities, and assets in her art collection.
Alice Walton Net Worth $39 Billion
Alice Walton is the youngest of three Walton siblings, and has clearly been keen to make her own way in the world to a certain extent. She graduated from Trinity University in San Antonio, Texas in 1971 with a BA in economics and finance, and started her career as a buyer for Wal-Mart. However, she was always her own person, and left the family company to work with the First Commerce Corporation as an analyst in finance and equity. She 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, serving as President, Chairperson and CEO for a time. However the bond market crash in 1998 saw the bank collapse. She was then a broker for E.F. Hutton for a short time. All these positions contributed to Alice’s net worth.
Alice Walton became chairperson of the Northwest Arkansas Council in the early 90s, and was intimately involved in establishing the Northwest Arkansas Regional Airport. The Walton family purchased the first $5 million in bonds to support the construction of the airport, and Walton’s Llama Company underwrote nearly $80 million in airport bonds before the airport had any contracts with airlines. The Federal Aviation Administration funded most of the other costs, and the airport opened in November 1998, with its terminal named for Walton in 1999, which saw her inducted into the Arkansas Aviation Hall of Fame in 2001.
Alice Walton’s real interests are horses and art. She is a keen equestrienne, and since 1998 has raised cutting horses on her ranch of 3,200 acres at Millsap in Texas, plus other properties in Texas amounting to over 6,000 acres altogether, and worth well over $20 million.
In 2013, Alice Walton was named one of the world’s top ten art collectors by ARTNews magazine, a title that reflects her consistent purchases of renowned and expensive works of art. In the political arena, Alice Walton contributed substantially to Republican Party presidential campaigns in 2008 and 2012, but has also contributed to Democrat Hilary Clinton’s funds.
In her private life, Alice Walton was twice married very briefly in the 1970s to un-named spouses, and is without children. Alice is better known locally for her brushes with authority in regard to driving offences.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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