Alice Walton's wealth surged $33B despite not owning Walmart shares

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Alice Walton, heir to the Walmart fortune, saw her net worth increase by approximately $33 billion over the past year. This significant growth occurred even though she does not personally own Walmart shares. Her wealth is derived from her stake in Walton Enterprises, the family's investment firm that holds a large portion of Walmart stock. The increase is attributed to the rising value of Walmart's shares, which boosted the assets of the family holding company.

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