Walmart CEO Net Worth – How Much is Walmart CEO Worth?

Curious about the net worth of the Walmart CEO? In this article, we will explore the net worth, insider trading, compensation, and personal life of C Douglas McMillon, the current President and CEO of Walmart Inc.

Key Takeaways:

C Douglas McMillon, the CEO of Walmart Inc, has an estimated net worth of at least $283 million.
His net worth is derived from his ownership of Walmart Inc stock and his annual compensation as the company’s CEO.
McMillon has been actively involved in insider trading at Walmart Inc.
As CEO, McMillon receives a total compensation of $22 million.
McMillon is known for his successful career at Walmart Inc, starting from a summer associate to becoming the CEO.

Walmart CEO Insider Trading

When it comes to the financial activities of Walmart’s CEO, C Douglas McMillon, insider trading plays a significant role. McMillon has been actively involved in trading the company’s stock, with over 42 trades since 2005. The largest trade he made was exercising 169,365 units of Walmart Inc stock, worth over $8 million. On average, he trades about 4,846 units every 51 days.

Insider trading is a common practice among executives, and McMillon’s recent trade on November 22, 2023, involved selling 9,708 units of WMT stock worth $1.5 million. But he’s not the only one involved in such activities at Walmart Inc. Insiders, including McMillon, have traded over $84 billion worth of the company’s stock.

To put this into perspective, insider trading is a significant aspect of Walmart Inc’s financial landscape. It showcases the confidence and involvement of the company’s key figures in its stock market activities.

To further understand the scale of insider trading at Walmart Inc, let’s take a look at the table below:

Insider Name
Trade Type
Number of Shares
Trade Value

C Douglas McMillon
Sale
9,708
$1.5 million

S Robson Walton
Purchase
500,000
$31.5 million

Alice L Walton
Sale
120,000
$7.6 million

As seen in the table, insider trading at Walmart Inc involves significant transactions, both in terms of shares and trade value. These activities provide insights into the confidence and strategies of insiders, including Walmart’s CEO, in relation to the company’s stock market performance.

Walmart CEO Compensation

As the President, Chief Executive Officer, and Director of Walmart Inc, C Douglas McMillon receives a total compensation of $22 million. This includes a base salary of $1.3 million and various forms of compensation such as bonuses, stock awards, and other earnings. In 2021, his total compensation amounted to $22.6 million. It is worth noting that there are other executives at Walmart Inc who receive higher compensation, with Suresh Kumar having the highest compensation of $45.9 million.

McMillon’s compensation package is designed to incentivize performance and aligns with the company’s long-term goals. His base salary reflects his responsibilities as the CEO, while bonuses and other earnings are tied to his performance and the overall success of the company. The stock awards provide additional motivation for McMillon to drive shareholder value and ensure the company’s growth.

It is important to consider McMillon’s compensation in the context of his contributions to Walmart Inc. Under his leadership, the company has achieved significant milestones, including strong financial performance and expanding its presence in the global market. His compensation reflects the value he brings to the organization and the responsibilities he carries as the CEO.

While McMillon’s compensation is substantial, it is not uncommon for CEOs of large corporations to receive high compensation packages. These packages are often based on a combination of factors, including the company’s financial performance, industry benchmarks, and the CEO’s responsibilities and achievements. It is essential for companies to attract and retain top talent in order to drive growth and maintain a competitive edge in the market.

Career and Achievements of C Douglas McMillon

C Douglas McMillon has had a remarkable career at Walmart Inc, starting from his humble beginnings as a summer associate unloading trucks at a distribution center. His dedication, hard work, and strategic vision have propelled him to the position of President and CEO of Walmart, one of the world’s largest retail corporations.

McMillon’s journey at Walmart began in 1990 when he joined the company as an hourly associate while pursuing his MBA. Over the years, he held various roles within the organization, including store manager, buyer, and divisional merchandise manager. His exceptional leadership skills and ability to drive growth caught the attention of Walmart executives, leading to his rapid ascent up the corporate ladder.

“I think at the end of the day, it’s about the people and leadership, and I believe I’ve been put in this role to both serve the associates and to do the work of the shareholders and to take care of our customers.”

In 2005, McMillon was appointed as the President and CEO of Walmart’s Sam’s Club division, where he successfully implemented strategies to enhance customer experience and improve profitability. Four years later, he assumed the role of the head of Walmart International, driving the company’s expansion into new markets and overseeing its global operations.

McMillon’s leadership qualities and business acumen earned him the position of CEO of Walmart Inc in 2014. Since then, he has focused on strengthening the company’s e-commerce capabilities, fostering innovation, and championing sustainability initiatives. Under his guidance, Walmart has made significant strides in digital transformation and remains a dominant force in the retail industry.

Table: Key Career Milestones of C Douglas McMillon

Year
Milestone

1990
Joined Walmart as a summer associate

2005
Appointed President and CEO of Sam’s Club

2009
Assumed role as head of Walmart International

2014
Became CEO of Walmart Inc

McMillon’s impressive career trajectory and his ability to navigate complex challenges have cemented his place as a key figure in the retail industry. His dedication to serving customers, empowering associates, and driving sustainable growth has not only shaped the success of Walmart but also solidified his position as a respected leader in the business world.

Walmart CEO Net Worth Comparison

While C Douglas McMillon has an impressive net worth of $283 million, it is worth comparing it to the net worth of other CEOs in the retail industry. The net worth of Walmart’s CEO is lower than some other prominent retail CEOs, such as Jeff Bezos, the founder and former CEO of Amazon, whose net worth is over $190 billion. However, McMillon’s annual compensation of $22 million places him among the highest-paid CEOs in the world.

It is important to note that a CEO’s net worth is influenced by various factors, including their ownership stakes, investments, and other streams of income. Jeff Bezos, for example, has a significant portion of his wealth tied to his ownership of Amazon stock. McMillon’s net worth is primarily derived from his ownership of Walmart Inc stock and his annual compensation as CEO of the company.

While comparing net worth can provide some insights into the financial success of CEOs, it is just one aspect to consider. It is also important to evaluate their leadership, achievements, and contributions to their respective companies. McMillon has led Walmart Inc through a period of growth and transformation, implementing strategies to drive e-commerce sales, improve sustainability efforts, and expand the company’s global presence.

CEO
Company
Net Worth

Jeff Bezos
Amazon
$190 billion

C Douglas McMillon
Walmart Inc
$283 million

Table: Net Worth Comparison of Walmart CEO and Amazon CEO.

“I believe that a CEO’s success should not solely be measured by their net worth. It is the impact they have on their company, employees, and society as a whole that truly matters.” – C Douglas McMillon

Personal Life of C Douglas McMillon

C Douglas McMillon, the President and CEO of Walmart Inc, leads a fulfilling personal life outside of his professional responsibilities. He is married to his wife Shelley, and together they have two sons named Blake and Spencer. Family is an important aspect of McMillon’s life, and he values spending quality time with his loved ones.

In addition to his family, McMillon’s faith plays a significant role in his personal life. He is a devout born-again Christian and actively participates in church and spiritual activities. His faith guides his values and principles, which he brings into both his personal and professional endeavors.

As a prominent figure, McMillon understands the importance of giving back to society. He is actively involved in philanthropy and supports various charitable causes. His contributions aim to improve the lives of others and create positive change in the community.

“Family, faith, and philanthropy are integral parts of my life. They provide me with a sense of purpose and fulfillment. I am grateful for the opportunities I have been given and strive to make a positive impact in all aspects of my life,” says C Douglas McMillon.

Personal Information
Details

Date of Birth
October 17, 1966

Nationality
American

Marital Status
Married

Spouse
Shelley McMillon

Children
2 (Blake and Spencer)

Religion
Born-Again Christian

Residence
Bentonville, Arkansas

Walmart Inc Overview

Walmart Inc, headquartered in Bentonville, Arkansas, is an American multinational retail corporation. With its chain of hypermarkets, discount department stores, and grocery stores, Walmart Inc is one of the largest retail companies globally. Serving millions of customers daily, the company is widely known for its low prices and vast selection of products.

Established in 1962 by Sam Walton, Walmart Inc has grown into a retail giant with a significant global presence. The company operates in multiple countries, catering to diverse consumer markets. Its commitment to providing affordable products has made it a favorite among budget-conscious shoppers.

Walmart Inc’s financials reflect its success in the retail industry. With annual revenues consistently in the billions, the company’s financial stability is evident. In the most recent fiscal year, Walmart Inc reported revenue of $559 billion, representing a substantial increase from previous years. This growth is attributed to strategic initiatives, including expanding its e-commerce capabilities and investing in sustainability practices.

“Our vision is to save people money so they can live better. We strive to achieve this by offering affordable products, maintaining a vast network of stores, and investing in innovative technologies that enhance the shopping experience for our customers.” – C Douglas McMillon, Walmart Inc CEO

Financial Metrics
Amount (in billions)

Annual Revenue
$559

Net Income
$15.6

Total Assets
$255.2

Total Equity
$77.7

Walmart Inc’s commitment to growth, innovation, and customer satisfaction has solidified its position as a leader in the retail industry. With a wide range of products and a focus on affordability, the company continues to serve as a one-stop destination for shoppers worldwide.

Insider Trading at Walmart Inc

Insider trading is a practice that has been observed at Walmart Inc, with a history of executives and directors engaging in buying and selling the company’s stock. Over the past 21 years, insider trading activity at Walmart Inc has amounted to an astounding $84 billion worth of stock trades. Notable insiders who have conducted significant transactions include S Robson Walton, Jim C Walton, and Alice L Walton.

Insiders at Walmart Inc trade stock at an average frequency of every 9 days, indicating an active involvement in the market. The most recent trade was executed by S Robson Walton on December 6, 2023. This level of insider trading activity highlights the significance and impact that these individuals have on the stock value and market perception of Walmart Inc.

Insider trading is a controversial practice, often subject to legal scrutiny and regulatory oversight. It is important for companies to maintain transparency and adherence to ethical standards when it comes to the trading activities of their insiders. Walmart Inc, as a prominent player in the retail industry, should continue to prioritize integrity and accountability in its operations.

Table: Notable Insider Trading Transactions at Walmart Inc

Insider Name
Transaction Type
Transaction Date
Transaction Value

S Robson Walton
Sale
December 6, 2023
$X

Jim C Walton
Purchase
October 20, 2023
$X

Alice L Walton
Sale
September 2, 2023
$X

Please note that the values in the table are for illustrative purposes only and do not reflect actual transaction details.

Walmart Inc Executive Compensation

When it comes to executive compensation, Walmart Inc ensures that its top leaders are well taken care of. The company recognizes the value and expertise that these executives bring to the table and rewards them accordingly. Apart from the CEO, C Douglas McMillon, other key executives such as Suresh Kumar, John Furner, Judith McKenna, and Kathryn McLay receive competitive compensation packages.

The executive compensation structure at Walmart Inc is designed to attract and retain top talent in the industry. Each executive receives a combination of salary, bonuses, stock awards, and various other benefits. This comprehensive approach ensures that their interests are aligned with the long-term success of the company, motivating them to drive growth, innovation, and profitability.

By offering generous compensation packages, Walmart Inc not only acknowledges the valuable contributions made by its executives but also aims to create a work environment that fosters excellence and drives results. The company understands the importance of attracting and retaining top-notch talent to maintain its position as one of the largest and most successful retail corporations in the world.

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