Wall Mart CEO: Doug Mcmillon’s Net Worth, Salary And Income facts

Doug Mcmillon is an American businessman best known as the President and Chief Executive Officer (CEO) of the retail giant, Walmart Inc.

According to celebritynetworth, Doug Mcmillon has an estimated net worth of $100 million as of 2020. Mcmillon first joined Walmart as a summer associate in high school who later on went on to become the company’s fifth CEO in 2014. 

Doug Mcmillon Net Worth 2020

Since Mcmillon became the company’s CEO, Walmart has managed to implement better strategies. Under his leadership, the company has undergone tremendous growth. Who would’ve thought that a teenager who began his career unloading trucks would one day take over the retail colossus as its CEO.

His credibility and over 30 years of association with Walmart have helped him acquire a staggering net worth of $100 million.

In a typical year, Mcmillon boasts a salary of $22 million. 

Doug Mcmillon’s Income facts

As Walmart’s CEO, Mcmillon is without a doubt gets paid handsomely. However, his revenue is not solely based on his salary only which adds up to $22 million in a typical year. In fact, he makes additional income through compensation.

In 2019 alone, he was eligible for stock awards based on performance which was valued at $15.6 million. Likewise, McMillon is also eligible for $6.7 million incentives including other forms of compensation. 

With time, Walmart has experienced an exponential increase in the number of competitors. Luckily, under Mcmillon’s leadership, the company has continued to hold its ground against Amazon, Kroger, among other rival retailers. 

Doug Mcmillon’s Wife and Family

Referring to his professional career, Mcmillon has had an incredible one so far. Not only did he become the youngest CEO of the retail giant, Walmart at the age of 47 but he also steered the company to the next level with great business strategies.

Apart from his glorious successful career, Doug Mcmillon got equally lucky when it comes to married life. He found a true soul-mate as Shelley McMillon and tied the knot with her.

The duo has two children together and resides happily in Bentonville, Arkansas. His son’s names are Blake and Spencer McMillon. Both of them are grown-ups now.

Looking at him, anyone can figure out how much of support his wife has been towards him.

For now, a lot about his wife and sons have remained anonymous. 

Doug Mcmillon’s Luxurious House and Cars

So far, details relating to his property ownerships have remained under the strict radar. For now, the only fact that is known is that he lives in a giant 8200 square-foot luxury home in Bentonville with his family.

His house is valued at $2.3 million and that it has a basketball court and a pool. With all the money he’s earned and the soul he’s put into bringing Walmart to a global cutting-edge spot, he definitely deserves to splurge big and live lavish.

Additionally, the Mcmillon family also owns 60 acres of land in two adjacent lots including a half-acre lot in Bella Vista. 

Early Life and career

Born on October 17, 1966, Mcmillon spent his early days in Memphis, Tennessee, and a large chunk of his childhood in Jonesboro, Arkansas. He attended Bentonville High School where he used to play as a point guard in their basketball team. Soon after graduating high school, he joined Walmart as a summer associate.

Upon graduating from the University of Tulsa, he joined Walmart as an assistant manager at its Oklahoma store.

Prior to becoming Walmart’s fifth CEO, he previously led the company’s Sam’s Club from 2005 to 2009 and Walmart International from 2009 to 2013. In 2014, he replaced Mike Duke as Walmart’s new CEO.