Carl Doug McMillon is a successful American businessman, and he is the Chief executive officer and President of multinational retailing corporation Wal-Mart Stores, Inc. Keep reading to know more about Doug McMillon’s net worth in 2018.
Doug McMillon was born on October 17, 1966, in Tennessee, US. He grew up in Arkansas with his two siblings. His father served as a dentist in Vietnam. When he was 16, his family moved to Bentonville. As a teenage boy, McMillon used to love basketball. He earned his bachelor degree in 1989 from the University of Arkansas.
McMillon studied MBA from the University of Tulsa and rejoined Wal-Mart as assistant manager. Previously, he used to work as a summer associate at Wal-Mart. He then worked on various profiles in Wal-Mart making a good reputation, and in 2005, he was appointed as the CEO and president of Wal-Mart.
He improved the company’s position in the international market and the business expanded globally. He replaced Mike Duke as Walmart CEO in 2014, and he has been on the post till date. Under McMillon’s regime, the company has reached new heights and has now become one of the most successful business corporations.
Doug McMillon has been married to Shelley McMillon, and the couple has two children.
Doug McMillon has worked for the corporation, Walmart, throughout his career and his journey began when he joined the company in 1984 as a summer associate. After pursuing his management degree, he moved to managerial roles at Wallmart and joined the buyer training program. His roles changed over the course of time, as he switched from buyer to merchandiser and then manager.
It was in 2005 when Walmart appointed McMillon as CEO of Sam’s club. He initially emphasized on lower business customers. From the year 2009, McMillon managed the international division of Walmart, and under his management, the company improved its existing market in countries like Canada, China, UK, etc. He took the business to new heights and the sales growth of Walmart International outpaced their business in the US.
Seeing the tremendous success of Doug McMillon, the company decided to appoint him as the new CEO, and he replaced Mike Dupe and on Feb 1, 2014, McMillon became the Walmart’s fifth ever CEO.
Awards & Achievements
The biggest award of his life has to be the recognition he received from Walmart as they made him the CEO of the company. He has been named in several renowned lists including Forbes as one of the most powerful men in the world. He was also ranked 4 in the 2015 list of Top CEOs by an online ranking platform ExekRank.
Net Worth of Doug McMillon
Doug McMillon has an estimated net worth of $50 million, and he earns a salary of $4.8 million as the CEO and president of Walmart stores. He made a total of $21.8 million as compensation in 2015.
Doug McMillon is one of the most notable and influential personalities of the corporate world. Before being appointed as the CEO of the world’s most successful supermarket chain, he worked for more than 4 decades in Walmart with sheer determination and hard work. He has become an inspirational figure for business enthusiasts.
He also interacts with young entrepreneurs and encourages them with his motivational speeches. He intends to expand the market of Walmart to more countries and wishes to provide people with an efficient and comfortable shopping experience. He has appeared in several lists and is often called as one of the most powerful business tycoons of this generation.