Doug McMillon Net Worth: Walmart CEOs $334 Million Journey

June 5, 2024

C. Douglas McMillon, a name synonymous with retail giant Walmart, boasts an estimated net worth of at least $334 million as of May 23, 2024. His financial standing is significantly bolstered by his substantial holdings and consistent trading of Walmart Inc. stock.

Walmart Stock Holdings

McMillon owns over 29,124 units of Walmart Inc. stock, valued at approximately $258,999,963. Over the past 19 years, he has sold Walmart stock worth over $53,325,215. His impressive portfolio is reflected in his ownership of at least 3,989,525 units of Walmart stock as of the latest reports. His largest stock trade occurred on November 19, 2012, when he exercised 169,365 units worth over $8,204,041.

"A New Climate for Doing Business: Doug McMillon" by World Economic Forum is licensed under CC BY-NC-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-sa/2.0/.

Compensation and Career

As President, Chief Executive Officer, and Director at Walmart Inc., McMillon earns an annual salary of $22,105,400. Over his tenure, McMillon has made over 48 trades of Walmart Inc. stock since 2005, averaging about 5,375 units every 49 days.

Table: Overview of Doug McMillon's Walmart Stock Trading and Compensation
Category Details
Net Worth $334 million (as of May 23, 2024)
Stock Holdings 29,124 units valued at ~$258,999,963
Total Stock Sold $53,325,215
Largest Stock Trade 169,365 units worth $8,204,041 (November 19, 2012)
Annual Salary $22,105,400
Stock Trading Activity Over 48 trades since 2005
Average Trade Frequency 5,375 units every 49 days
Total Units Owned (latest report) 3,989,525 units

Leadership at Walmart

Doug McMillon began his career at Walmart as a summer associate in high school. He climbed the corporate ladder to become CEO in 2014, following a series of leadership roles including the president of Walmart International and Sam’s Club. His leadership has been marked by a focus on improving employee satisfaction, e-commerce, and environmental sustainability. Notably, he has driven initiatives such as Project Gigaton, aiming to combat climate change by reducing supplier emissions.

Social Responsibility

McMillon has shown a strong commitment to social issues, taking stances against discriminatory legislation and making significant changes to Walmart’s product offerings in response to social issues such as mass shootings. His decisions have promoted inclusion and safety, illustrating his leadership extends beyond just financial performance.

Personal Life and Recognition

McMillon was born in Arkansas and began his career unloading trailers for Walmart. He graduated from the University of Arkansas with a bachelor’s degree in business administration and later obtained an MBA from the University of Tulsa. He lives on a 41-acre estate in Bentonville, Arkansas, with his wife and two sons. McMillon has been recognized for his leadership and has been named to Forbes’ World's Most Powerful People list.

Stock Trading History

McMillon's extensive trading history provides a comprehensive look at his financial acumen. His largest trade to date was the exercise of 169,365 units of Walmart Inc. stock valued at over $8,204,041. With frequent trading activity, averaging approximately 5,375 units every 49 days since 2005, McMillon has adeptly managed his substantial holdings in Walmart.

Despite the significant wealth and leadership position, McMillon's story is one of dedication and rising through the ranks, exemplifying how persistence and a forward-thinking approach can lead to monumental success.

FAQ Section

How much is the CEO of Walmart worth?

C. Douglas McMillon, the CEO of Walmart, has an estimated net worth of at least $334 million as of May 23, 2024. His significant wealth is due to his substantial holdings and consistent trading of Walmart Inc. stock.

What is Doug McMillon's salary?

Doug McMillon earns an annual salary of $22,105,400 as the President, Chief Executive Officer, and Director at Walmart Inc.

How many units of Walmart stock does Doug McMillon own?

Doug McMillon owns over 29,124 units of Walmart Inc. stock, valued at approximately $258,999,963. Additionally, he has made multiple stock trades, owning at least 3,989,525 units of Walmart stock as of the latest reports.

What significant achievements has Doug McMillon made as CEO of Walmart?

Doug McMillon became CEO of Walmart in 2014 and has focused on improving employee satisfaction, e-commerce, and environmental sustainability. He spearheaded initiatives like Project Gigaton to reduce supplier emissions and has taken stands against discriminatory legislation.

What is Doug McMillon's background?

Doug McMillon was born in Arkansas and started his career at Walmart unloading trailers. He graduated from the University of Arkansas with a bachelor’s degree in business administration and earned an MBA from the University of Tulsa. He lives on a 41-acre estate in Bentonville, Arkansas, with his wife and two sons.

How often does Doug McMillon trade Walmart stock?

Doug McMillon has made over 48 trades of Walmart Inc. stock since 2005, averaging approximately 5,375 units every 49 days.

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JJ Sterling
As the co-founder of Urban Splatter and an architecture graduate from Chicago, I thrive on crafting a digital nexus where architectural innovation intersects with boundless digital opportunity. My academic roots in the Windy City's rich architectural tapestry inspire a unique vision for Urban Splatter's journey into the ever-evolving digital frontier of design. Join us as we navigate the exciting confluence of structure, style, and technology.

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