Doug McMillon is a renowned American businessman and a chief executive officer with a net worth of $100 million. He is the president and CEO of Walmart Inc. Moreover, Doug McMillon is also on the retailer’s board of directors.
Keep on reading to explore more about how Doug McMillon drove his career and business to cross a hundred million dollars. Furthermore, learn some details, such as his biography, education, early life, and lots of other facts.
What is Doug McMillon salary?
As the President and CEO of Walmart, Doug McMillon takes around 1.2 million dollars in basic pay. Besides, he gets up to a 3 million dollar bonus per year. Also, Doug McMillon gets 15 million dollars award money annually from stocks.
According to the sources, Doug McMillon earns a total of 22 million dollars. Thus, his annual Income is given below in the periodic format:
- Yearly Income: $22 million
- Monthly Income: $1.83 million
- Weekly Income: $423.07 thousand
- Daily Income: $60.27 thousand
- Hourly Income: $2.51 thousand
How does Doug McMillon make money?
Doug McMillon is a hardworking businessman. He worked throughout the years with Walmart Inc. Besides, joining Walmart is in the beginning period of the career. All of Doug McMillon’s activities are divided in a few points below:
- Early Career
- Business with Walmart
- President and CEO
Earnings during an Early Career
In 1984, during the teenage period, Doug McMillon started his career. At that time, he joined Walmart as a summer associate. He had to work during summer, such as unloading trucks at the distribution center of Walmart.
Later, Doug McMillon rejoined as an assistant manager at Walmart’s headquarters. He joined in the post of assistant manager. In addition, he was in the buyer training program section.
In 1991, Doug McMillon became the general merchandising manager in Sam’s Club, a division of Walmart’s wholesale.
Earnings while Doing Business
In 2009, Doug McMillon moved from Sam’s Club to the lead of Walmart’s International Division. The International Division profited around 2.4 billion dollars from South Africa’s Massmart Holding Ltd during his workings.
When Doug McMillon became the head of this division, he opened 3300 stores in around 14 countries. In 2013, Walmart moved Doug McMillon to lead Walmart Stores, Inc. During that time, he operated 2600 stores in 33 countries.
Earnings as a President and CEO
At the end of 2013, Walmart invited Doug McMillon to join the company’s board of directors. In February 2014, he became the 5th Chief Executive Officer of Walmart Inc. Within two years, Doug McMillon boosted the company’s e-commerce as he committed.
In 2015, he also declared that he would invest 2.7 billion in pieces of training and in higher associate wages. His decision affected 1.4 million US workers. Again in that same year, Doug McMillon invested 1 billion dollars for online shipping.
Besides, the global magazine, Forbes, listed Doug McMillon as the number fourth on the list of Top CEOs of Big Companies in 2015.
In 2019, Doug McMillon said that Walmart would not sell any kind of military-style weapons and shotguns. This policy update was made due to a mass shooting at Walmart in Texas, United States.
Biography of Doug McMillon
| Full Name | Carl Douglas McMillon |
| Professional Name | Doug McMillon |
| Gender | Male |
| Sexual Orientation | Straight |
| Religion | Christian |
| Zodiac Sign | Libra |
| Date of Birth | 17 October 1966 |
| Place of Birth | Memphis, Tennessee, United States of America |
| Nationality | American |
| Height | 5 feet 8 inch |
| Weight | 80 Kg |
| Marital Status | Married |
| Wife Name | Shelly McMillon |
| Children | 2 |
| Profession | Businessman, Chief Executive Officer |
| Net Worth | $100 million |
The early life of Doug McMillon
On 17 October 1966, Doug McMillon was born in Memphis, Tennessee, United States. In addition, he spent his childhood in Jonesboro, Arkansas. Doug McMillon was born in a Christian family.
Doug McMillon’s father, Morris McMillon, was a Vietnam dentist, and his mother was Laura McMillon. Additionally, Doug McMillon has 4 siblings where he was the eldest.
Doug McMillon completed high school at Bentonville High School. There, he played point guard on the basketball team. Later, Doug McMillon attended the University of TULSA and gained a degree in MBA.
Walmart Inc. Share
In 2013, Doug McMillon confirmed that he had owned an aggregate of 479.288 thousand shares of Walmart. The value of his share is around 38.8 million dollars or 81.01 dollars per share.
Real Estate of Doug McMillon
Doug McMillon, along with his wife and 2 children, live in an 8,200 square feet house in Bentonville, Arkansas. He paid 2.3 million dollars to buy the property. Moreover, there are 41 acres of land that have a pool and a basketball court.
Furthermore, Doug McMillon has another 60 acres of land, which is worth 547.3 thousand dollars. This property is located in Bella Vista’s residential neighborhood.
FAQs
After analyzing the Fortune 500 list result, we can say that over 94 percent of CEOs use LinkedIn. Besides, large companies such as Doug McMillon, use a common platform named LinkedIn over other social media platforms.
Doug McMillon is one of the most successful presidents and CEOs of Walmart International. In February 2014, he was titled as the President and CEO of Walmart Inc. Also, from 2009 to 2014, Doug McMillon worked as the President and CEO of that same company.
CEO of Walmart Inc., Doug McMillon, makes about 22 million dollars a year in total. On the other hand, the CEO of General Electric, Larry Culp, produces 72 million per year, making him the top-paid CEO globally. Eventually, Doug is not the highest-paid CEO in the world.
Sources
- https://corporate.walmart.com/our-story/leadership/executive-management/doug-mcmillon/ — Doug McMillon Walmart Inc.
- https://www.forbes.com/profile/doug-mcmillon/?sh=a08320e48f3a – Doug McMillon Forbes
- https://www.imdb.com/name/nm6345639/ — Doug McMillon IMDb
