Many fans are curious about Doug McMillon's financial success in April 2026. Our team analyzed the latest data to provide a clear picture of their income.
What is Doug McMillon's Net Worth and Salary?
Doug McMillon was born asCarl DouglasMcMillon on October 17, 1966 in Memphis, Tennessee as the oldest of three children of Laura and Morris. He was raised in Jonesboro, Arkansas until the age of 16, and then moved with his family to Bentonville, where Walmart is headquartered. There, McMillon attended Bentonville High School, and played as a point guard on the school's basketball team. He went on to attend the University of Arkansas in Fayetteville, from which he earned his BA in 1989. McMillon later earned his MBA from the University of Tulsa in 1991.
In the summer of 2005, McMillon was promoted to president and CEO of Walmart's wholesale store division, Sam's Club. Under his leadership, the wholesaler put an emphasis on marketing to small-business customers. McMillon also employed the method of placing expensive premium items next to cheap bulk goods, a move designed to compete with Costco's similar strategy.
Career Beginnings at Walmart
Doug McMillon's salary in a typical year is $22 million. Over time he has the ability to earn more than $120 million in stock options after certain milestones.
Doug McMillon is an American businessman who has a net worth of $300 million. Doug McMillon serves as the president and CEO of the retail corporation Walmart. He assumed those positions in 2014 after having led the company's international division from 2009 to 2013. Before that, from 2005 to 2009, McMillon led Walmart's Sam's Club division.
McMillon first became involved with Walmart as a teenager in 1984, when he worked for the company as a summer associate unloading trucks at a distribution center. On his first day of work, he rear-ended his boss's car. Later, while attending his MBA program at the University of Tulsa, McMillon became an assistant manager at a Walmart in Tulsa. He eventually moved back to Bentonville, Arkansas after completing his studies and joined the buyer training program at Walmart headquarters. Initially put in charge of buying fishing tackle, he eventually took on a variety of roles as a buyer and merchandiser, dealing in food, clothes, furnishings, and crafts.
As of this writing, Doug McMillon owns 1,632,318 shares of Walmart. Using $150 a share, that stake is worth $250 million. Over his two decades at the company, Doug has sold around $140 million worth of Walmart shares.
Ultimately, Doug McMillon's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.
