Doug Mcmillon Net Worth: Carl Douglas McMillon is an American businessman who is also the president and CEO of Walmart Inc. He is on the board of directors of the store. In high school, he worked for the company as a summer associate. In 2014, he became the fifth CEO of the company. He led the company’s Sam’s Club division from 2005 to 2009 and Walmart International from 2009 to 2013. This article contains information regarding Doug Mcmillon Net Worth, biography, wife, age, and more.
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Doug Mcmillon Early Life
Doug McMillon was born in 1966, so as of October 17, 2016, he is 55 years old. McMillon was born in Memphis, Tennessee, and went to Jonesboro, Arkansas, for high school. McMillon has three brothers and sisters, and he is the oldest. His father worked as a dentist for the US military during the Vietnam War. When he was 16, his parents moved to Bentonville, Arkansas, where Walmart’s headquarters are located.
McMillon liked sports in high school and was on the basketball team at Bentonville High School. McMillon has worked for Walmart his whole life and is the 8th oldest Walmart Inc., executive.McMillon went to Bentonville High School and then went to the University of Arkansas to get his BA. He then went to the University of Tulsa to get an MBA (Master of Business Administration). During this time, he talked to a Walmart executive about wanting to become a buyer after getting his MBA. This is when his adventure at Walmart began.
Doug Mcmillon Career
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As a teenager, McMillon got his first job as a summer associate at Walmart. During the summer, he worked in a distribution center unloading trucks. McMillon went to the University of Arkansas after high school and got his bachelor’s degree there in 1989.McMillon went to the University of Tulsa to get a Master of Business Administration (MBA). He called Walmart and told an executive that he wanted to train to become a buyer when he finished his studies. Soon after that, McMillon went back to Walmart and got a job as an assistant manager at a store in Tulsa, Oklahoma.
After getting his MBA in 1991, McMillon moved to Walmart’s headquarters in Bentonville and joined the training program for new buyers. At first, he was in charge of buying fishing gear. Later, he took on different roles as a buyer and merchandiser, dealing in food, clothes, crafts, and furniture. He later worked as a general merchandise manager for Walmart’s wholesale store chain Sam’s Club. He then became an executive at Walmart, where he oversaw, among other things, toys, electronics, and sporting goods.
On August 4, 2005, Walmart made McMillon president and CEO of Sam’s Club. Under McMillon’s leadership, the wholesaler put a lot of effort into marketing to small businesses.
Doug Mcmillon CEO OF Walmart
In 2014, Doug took over from Mike Duke as CEO of Walmart. He is the 5th CEO of the company since it started. In his first two years as CEO, McMillon raised hourly wages in the US, increased the company’s focus on e-commerce, and reorganized Walmart’s executive team. In February 2015, McMillon said that Walmart would spend an extra US$2.7 billion on higher wages, benefits, and training for employees. He also said that the lowest wage would go up to US$9 per hour in 2015 and US$10 per hour in 2016. The move affected about 40% of the company’s 1.4 million US employees.
In January 2016, McMillon announced raises for most of its workers, free basic short-term disability for full-time workers, and a change to its paid time off program. In September 2019, McMillion said that it would no longer sell ammunition for handguns and weapons that look like they are used in the military. The mass shooting that happened at a Walmart in El Paso, Texas, in August 2019 led to this policy change.
McMillion’s efforts to start a conversation and take action on the issue set a new standard for how corporations and their leaders handle these kinds of problems.
Doug Mcmillon Net Worth
Doug McMillon net worth $100 million in 2022. Reports say that McMillon makes $22.574 million every year. He is the youngest CEO to run the company since its founder, Sam Walton. With 2.3 million employees, Walmart has the largest private workforce in the world. In December 2016, McMillon joined a group of business leaders brought together by then-president-elect Donald Trump to talk about economic strategies and policies.
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Doug Mcmillon Personal Life
McMillon lives in Bentonville, Arkansas, with his wife, Shelley. The couple has two sons. Doug McMillon is a born-again Christian. “I have faith in Jesus Christ as my Savior,” he says.
Doug McMillon Social Media Account
Both in person and online, Dough McMillon has a big gathering. On social media, he doesn’t try to hide who he is. So, he shares the posts he has made about business and family events. As an example, he uploads pictures from parties with friends and family. If you want to get to the accounts, you can click on the links below.