Doug McMillon is a businessman from America and is the CEO and President of Walmart Inc. He is also on the retailer’s board of directors. He first joined Walmart Inc as a summer associate while he was still in high school and later went on to become the Chief Operating Officer of the company in the year 2014. Here is a quick summary of net worth, career and earnings of Doug McMillon in 2020.
Early Life & Biography:
Doug McMillon was born on October 17, 1966, in Memphis, Tennessee to Morris and Laura McMillan. He was raised in Jonesboro, Arkansas along with two other siblings. When he was 16 years of old his family moved to Bentonville, Arkansas which is also the home of the Walmart headquarters. He went to the Bentonville High School where he played point guard in the school’s basketball team. He attended the University of Arkansas where he graduated in the year 1989. He later went on to complete his MBA from the University of Tulsa.
McMillon is married to Shelley. Together they have two sons and live in Bentonville, Arkansas.
Career, Awards & Nominations:
Doug McMillon started his career as a summer associate at Walmart. After, completing his MBA, he joined Walmart as an assistant manager at its Oklahoma store. In 1991, he went on to pursue the Walmart’s buyers-training program. In 2005, he was made the President and CEO of the Sam’s Club. He was moved to the international division of Walmart in the year 2009.
During his tenure, the sales of Walmart international were better than Walmart U.S. When McMillon was the head of the division Walmart had more than 3,000 stores in 14 countries.
On November 2013, McMillon was included in the board of directors of the company. Later, he was made the company’s fifth chief operating officer (CEO) on February 2014.
He was included in the list of the World’s Most Powerful People list in the year 2014, 2015 and 2016. McMillon was also ranked four on the list of top CEOs for large companies by ExecRank in 2015.
Net Worth & Earnings:
Doug McMillon has an estimated net worth of $60 million. He receives a salary of $4.8 million as the President and CEO of Walmart. In 2015 he received more than $20 million as compensation. Within just two years of his tenure as the CEO, he increased the wages of the hourly workers and revamped the Walmart’s team. He increased the company’s investment in e-commerce and invested $1 billion for online shopping.
Doug McMillon is one of the most renowned personalities in the corporate world. He worked for Walmart for more than four decades before being appointed as the CEO of the company. He is an inspiration for upcoming businessmen and entrepreneurs. He intends to grow Walmart in more countries so that people around the world can get a comfortable shopping experience. He is considered as one of the most powerful and influential business tycoons of the modern era.