How does the world's richest woman spend her money?

Unlike her brothers Rob and Jim, Alice never got involved in the day-to-day running of Walmart. She devoted herself to her passion for art, which began at a young age. At age 10, she bought her first work, a copy of a Picasso painting, for $2.

She owns a huge collection of paintings with originals by legendary American artists such as Andy Warhol, Norman Rockwell, and Georgia O'Keefe.

In 2011, Alice invested $50 million to open a museum called Crystal Bridges, where she houses her $500 million art collection.

In 2014, she spent $14 million on a painting by Georgia O'Keefe. This is the most expensive work of art purchased by a woman. In an interview with the newspaperNew Yorker"Collecting art is fun, seeing works of art and appreciating them is an important part of my life," Alice shares.

Alice also loved taking care of horses. She once owned a 250-acre ranch with pastures, a mansion and stables in Texas. The land was later sold for $16.5 million.

The heiress to the Walmart empire also owns another ranch in Texas, measuring nearly 1,800 hectares and once valued at $22 million. The ranch houses a villa with 3 bedrooms, 2 bathrooms and a poetic river view.

Alice also owns a two-bedroom apartment on Park Avenue in New York. The apartment cost $25 million in 2014. Inside, there are about 52 large windows that can look out on Central Park and the whole city, in addition to a 6,000 square meter entertainment room.

Despite coming from a Republican family, Alice donated $345,000 to the Hillary Victory Fund, a fundraising committee supporting Clinton and Democrats in the 2016 race for the White House.

In January 2016, Alice donated 3.7 million shares of Walmart (worth $225 million) to her family’s charity. This money was recently used to make a $120 million donation to the University of Arkansas to open a school of the arts.

Despite her efforts to spend her inheritance quietly, Alice has been criticized by many Walmart employees, who say her lifestyle is too lavish and inconsiderate of the struggles of many of her workers.

Alice Walton is one of the heirs to the Walmart empire. She is the richest woman in the world with a fortune of up to 43.7 billion USD (according toBloomberg). Despite her high social status, the 68-year-old woman is quite private about her personal life. People only know a little about her through the way she spends money on expensive hobbies from collecting paintings to raising horses.