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.
Subscribe
Login
0 Comments
Oldest
