Basic Information About Jim Sinegal
| Category | Business › CEOs |
|---|---|
| Net worth | $500,000,000 |
| Date of birth | 1936-01-01 (88 years old) |
| Place of birth | Pittsburgh |
| Nationality | United States of America |
| Gender | Male |
| Social Media | ↗︎ Wikipedia |
Jim Sinegal Net Worth
$500,000,000
Jim Sinegal, the famous American business executive and co-founder of Costco, has amassed a net worth of $500 million. His fortune was earned through his role as the former CEO of Costco, the largest membership retail chain in the United States. Sinegal’s modest base salary of $350,000 annually set him apart from his Fortune 500 peers, and he also owned 1.3 million shares of Costco before retiring from the Board of Directors in 2018.
Key facts:
- Jim Sinegal is the co-founder and former CEO of Costco, the largest membership retail chain in the United States.
- During his tenure, Costco grew to nearly 800 locations worldwide, with annual revenue exceeding $200 billion.
- Sinegal famously accepted a relatively modest salary compared to his Fortune 500 peers, prioritizing employee compensation and benefits instead.
- He is known for his hands-on approach, personally inspecting each Costco location every year and implementing innovative ideas such as including fresh food, eye clinics, pharmacies, and gas stations in warehouse clubs.
- Sinegal is considered one of the most prominent retail figures in American modern history, and his management style focused on treating employees well to ensure they provide excellent customer service.
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