In today’s post, I will discuss the CEO of Costco in detail. Costco is a well-known multinational corporation that operates a chain of membership-only big-box retail stores. You can keep on reading further to learn more about Costco’s CEO and the salary of Costco’s CEO.
Who Is The CEO Of Costco?
The CEO of Costco is Walter Craig Jelinek who is a well-known American businessman. Walter has also been the president of the company since 2012. He also succeeded the company’s founder James Sinegal.
You can keep on reading further to know more about who is the current CEO of Costco and CEO of Costco’s net worth.
About The CEO Of Costco
The current CEO of Costco was born on August 8, 1952, in Los Angeles, California. Walter completed his graduation from Antelope Valley High School in 1970. Whereas he earned his bachelor’s degree from San Diego State University in 1975. Walter started his career at FedMart and Many people don’t know that Walter got Peter G. Peterson Business Statesmanship Award in 2019.
He later joined Lucky Stores in 1981 and then joined Costco as a warehouse manager in 1984. Walter became the CEO of the Costco company in 2012. In fact, he even sits on Costco Wholesale UK Ltd’s board. Now, you must be wondering how much does the CEO of Costco make. Walter owns 312,000 shares of Costco and has a net worth of $100 million. The CEO of Costco’s salary was $800,000 as stated by The Puget Sound Business Journal in 2018. Later, his base salary was $1,000,000 in 2020 and his total compensation was $8,279,552.
Costco’s new CEO is currently single and is not dating anyone. Unfortunately, we don’t have much information about his past relationship. He is one of the richest President and is listed on the most popular President. However, Walter is also ranked on the list of famous celebrities born in the United States.
Costco Wholesale Corporation is an American multinational corporation and is the fifth largest retailer in the world. Costco is also the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine. In 2021, the company was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Costco is the first company to grow from zero to $3 billion in sales in only six years! In the beginning, Costco had 304,000 full and part-time employees across the globe. Surprisingly, Costco now has 118.9 million members!
Apart from this, Jeffrey Brotman was the co-founder and chairman of Costco Wholesale Corporation. Jeffrey was an American attorney, entrepreneur, and executive. Unfortunately, the Costco founder died in Medina, Washington at the age of 74. According to reports, he died in his sleep possibly due to heart failure. Very few people knew that he was a member of Temple Beth El in Tacoma.
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FAQ
How Rich Is The CEO Of Costco?
The current estimated net worth of Costco Wholesale Corp /new’s CEO, Craig Jelinek, is estimated to be about $193.34M . Craig Jelinek owns about 311,958 units of Costco Wholesale Corp /new common stock. In the last 18 years at Costco Wholesale Corp /new, Craig Jelinek has sold an estimated value of $73.94M worth.
What Is Costco’s Net Worth?
Interactive chart of historical net worth (market cap) for Costco (COST) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Costco net worth as of January 03, 2023 is $202.56B.
Is Costco Debt Free?
What Is Costco Wholesale’s Net Debt? As you can see below, Costco Wholesale had US$6.56b of debt at August 2022, down from US$7.49b a year prior. However, it does have US$11.0b in cash offsetting this, leading to net cash of US$4.49b.
What Benefits Do Costco Employees Get?
Costco offers health, dental, and vision insurance, short- and long-term disability, and a 401(k) match. Costco pays 80% of the cost of insurance premiums for part-time employees and 90% for full-time employees.
How Much Does The CEO Of Costco Make?
The salary of the CEO of Costco is $1,230,769 per year; however, W. Craig Jelinek made $8.6 million in total compensation for the fiscal year of 2021.
Conclusion
Thus, Costco is a membership-only warehouse that generates a majority of its revenue from retail sales. The CEO of Costco has been with the company since 1984 and is also the president and director of Costco.
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