#16 Top 20 Billionaires in the World

Alice Walton

Net Worth: $20.6 billion

Source: Wal-Mart

Residence: U.S.

• World's largest retailer benefited as cash-strapped shoppers looked to discount merchandise at start of economic slump.

• Boost may have waned; recently reported 1.6% decline in same-store sales in its U.S. Wal-Mart and Sam's Club stores, warned of soft sales in current quarter.

• Still, shares up 7% in past 12 months and family fortune rose a combined $13 billion, largely recovering losses from market crash.

• Alice funded $100 million airport in Bentonville 1990; building Crystal Bridges Museum of American Art.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010

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