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    Wearing the crown

    Texas billionaire Alice Walton retakes title of world's richest woman

    Stephanie Allmon Merry
    Sep 11, 2024 | 4:30 pm
    Alice Walton

    Alice Walton is back on top as world's wealthiest woman.

    Photo by D Dipasupil/Getty Images

    Walmart heiress Alice Walton is back on top of the world. The Texas billionaire has retaken the crown as wealthiest woman on the planet for the first time since 2022, outpacing L’Oreal heiress Francoise Bettencourt Meyers of France, according to Forbes.

    Walton’s estimated fortune is now $89.1 billion and Meyers’ is $88.4 billion, Forbes reported.

    The two billionaires have battled for richest-woman supremacy for years. Meyers knocked Walton off her perch in 2019, then Walton climbed back on top in 2020. Also in the mix has been American Julia Koch of Koch Industries, who booted Walton down to No. 3 in 2023.

    But with Walmart stock up 47 percent and L’Oreal's down 13 percent, Forbes says, Walton wins in 2024.

    According to Forbes’ real-time tracker on September 11, Walton is the 18th richest person in the world, a few places behind her brothers Rob and Jim Walton.

    Alice Walton, 74, is the only daughter of late Walmart founder Sam Walton.

    She earned a bachelor of arts in economics and finance from Trinity University in San Antonio in 1971, and has called Texas home for many years. She has owned homes and ranches in the Fort Worth area and sits on the board of Fort Worth's Amon Carter Museum of American Art.

    Alice Walton, Olivia Walton, Annie Leibovitz, and Awol Erizku, Crystal BridgesAlice Walton (second from left) with Olivia Walton, Annie Leibovitz, and Awol Erizku at a 2023 event at Crystal Bridges Museum of American Art.Photo by Wesley Hitt/Getty Images

    Unlike other family members, Walton has never been involved in the day-to-day operations of Walmart; her fortune comes largely from her stake in the company.

    "Despite selling more than $22 billion of Walmart stock over the past decade — and giving away more than $11 billion of the retailer’s shares — Sam Walton’s heirs still own nearly 46 percent of the firm their father founded, due to significant stock buybacks that have prevented the family’s stake from being diluted," Forbes says, estimating that three-quarters of the family's stock is split evenly between Alice Walton and her siblings Jim and Rob.

    Walmart is the world's largest retailer, employing more than 2 million associates worldwide.

    Alice Walton, a passionate lifelong art collector, devotes most of her time and energy now to her Crystal Bridges Museum of American Art (from which she retired as chairman in 2021) and to the new Alice L. Walton School of Medicine - both in her native Bentonville, Arkansas.

    “Alice Walton has ramped up her personal philanthropy over the last decade, pouring more than $5.7 billion into five family charitable foundations that have doled out more than $1.1 billion of her funds to date,” Forbes says, “including more than $377 million her Art Bridges Foundation has spent acquiring and loaning out works of American art to more than 230 museums across the country since its founding in 2016.”

    Walton is not, however, the richest person in Texas. For the last few years, she's duked it out with Elon Musk for the top spot in the Lone Star State. The Austin-based founder of Tesla and Space-X and owner of social media platform X continues his reign as the wealthiest Texan in 2024 (and in the world, as of September 11).

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    Just Brilliant

    Houston Grand Opera bids beloved director farewell at $1.8M gala

    Joel Luks
    Apr 16, 2026 | 3:00 pm
    Houston Grand Opera Ball 2026
    Photo by Dave Rossman
    Tania Kanga, Nancy Gonzalez, Denise Reyes, Ona Alicia Okeke, and Destiny Fernandisse.

    Top this, Houston social scene.

    Houston Grand Opera’s latest fête glowed with the kind of radiance you can’t bottle, no matter how many votives you line up. The 2026 Opera Ball, dubbed Brilliance Ball: A Celebration of Light and Legacy, set the Wortham Theater Center aglow, leaving this guest with one lingering question: How exactly does one top this next year?

    Chaired by longtime HGO supporters John Turner and Jerry Fischer, the evening was a love letter to opera and a curtain call for honoree Patrick Summers, whose 25-plus years of HGO artistic leadership have shaped Houston’s operatic identity into a global phenomenon.

    Nearly 400 guests gathered in white tie finery, drifting through a cocktail hour where caviar-topped blinis made the rounds and martinis appeared out of nowhere. The Events Company leaned into the theme with softly illuminated dreamscape of candlelight, gold accents, and cloudlike white florals.

    Soprano Renée Fleming mused over her decades-long artistic friendship with Summers. Accompanied by chief artistic officer Richard Bado on the piano, Fleming’s set included Puccini’s “O mio babbino caro” to “You’ll Never Walk Alone” to a number that could be the closest the chanteuse will get to Hip Hop.

    Khori Dastoor paid tribute to Summers’ “unshakable vision,” while the maestro himself reminded the crowd that Houston’s role in the future of opera is significant. The presentation of the Silver Rose award was a gorgeous moment that marked the close of a transformative chapter as Summers prepares to step into his next role as Music Director Emeritus.

    Incoming music director James Gaffigan and wife Marta made a transatlantic cameo, flying in just for the occasion before heading back to Valencia the next day. Despite canceled flights and the typical ugh that’s flying nowadays, we did hear the couple made it back to Spain in one piece.

    With a starting bid of $150,000, a Steinway Spirio — pre-loaded with Summers’ performances and signed by Fleming — was another star of the show. The Big Beyond ensured the dance floor stayed anything but theoretical well into the night. Some of us, not quite ready for party to end, let Fleming’s Bel Canto album — with Summers at the helm — spill through the speakers on the drive home before we inevitably turned into pumpkins.

    The ball raised more than $1.8 million in support of HGO’s productions and community initiatives.

    CultureMap seen were Farida Abjani, Tom Ajamie, Margaret Alkek Williams, Abdullah and Asuman Antepli, Ann and Jonathan Ayre, Chris Bacon and Craig Miller, Astley Blair and Viviana Jolie, Kristy and Chris Bradshaw, Zane and Brady Carruth, Theresa Chang, Louise Chapman, Jane Cizik, Cheryl and Mike Clancy, Brittany and Adam Clark, Isabel and Danny David, Anna Dean, Hallie Vanderhider and Bobby Dees, Marty Dudley, Rachel and Warren Ellsworth, Elaine Finger, Jen and Ben Fink, Claire Liu and Joe Greenberg, Matthew Healey and Denise Reyes, Elizabeth Husseini and Richard Husseini, Teresa and José Ivo, Mady and Ken Kades, Brigitte Kalai, Elizabeth and Bill Kroger, Blair and Barbara Labatt, Michele Leal, Sarah and Bryant Lee, Matthew Loden, Beth Madison, David Peavy and Stephen McCauley, Laura McWilliams, Denise Monteleone, Beth Muecke, Terrylin Neale, Kelly and Cody Nicholson, David Peck and Michelle Phillips, Cynthia and Tony Petrello, Rosemin Premji, Rebecca Rabinow and Matthew Ringel, Kelly and David Rose, Louisa Sarofim, Dian and Harlan Stai, Sarah and Aaron Stai, Marguerite Swartz, Valerie and Stephen Toups, Phoebe and Bobby Tudor, Jesse Tutor, Geraldina and Scott Wise, and Huda and William Zoghbi.

    Houston Grand Opera Ball 2026

    Photo by Dave Rossman

    Tania Kanga, Nancy Gonzalez, Denise Reyes, Ona Alicia Okeke, and Destiny Fernandisse.

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