Today, John Menard, Jr. is the president and CEO of Menards, a home improvement store chain with 306 stores and an estimated $9.5 billion in sales. It competes with Home Depot and Lowe's, and is concentrated in the middle of the U.S. from Wyoming to Ohio.
John Menard, Jr. is a member of Fashion and Retail
John Menard, Jr.'s net worth is projected to reach an astonishing $17.4 billion by 2024. Widely recognized as the president and CEO of Menards, a prominent home improvement retail chain in the United States, Menard has established himself as a highly successful businessman. With his keen entrepreneurial skills and astute business sense, he has contributed significantly to the growth and success of the company. The immense wealth reflects Menard's exceptional leadership and the enduring popularity of Menards among American consumers.
2009
$5 Billion
2010
$5.2 Billion
2011
$4.5 Billion
2012
$6 Billion
2013
$7.5 Billion
2014
$7.9 Billion
2015
$9.2 Billion
2016
$9.4 Billion
2017
$10.2 Billion
2018
$11.04 Billion
Some John Menard, Jr. images
Biography/Timeline
1972
Menard opened his first hardware store in 1972. As of 2014, his company owned 287 Menards stores. As of 2005 Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in Wisconsin.
1997
In 1997, Menard was caught using his own pickup truck to haul plastic bags filled with chromium and arsenic-laden wood ash to his home for disposal with his household trash. Menard pleaded no contest to felony and misdemeanor charges involving records violations, unlawful transportation, and improper disposal of Hazardous waste. Menard and his company were fined $1.7 million for 21 violations.
2008
In January 2008, Menard gave $15 million to support Eau Claire's Luther Midelfort Hospital. The donation will be used for a new emergency services department and to help Mayo Clinic educate and train health professionals. In 2015, Menard donated $10 million dollars to support the Eau Claire Area YMCA. The gift will replace the current five-court LE Phillips Tennis Center that opened in 1972 to become an eight-court indoor tennis center known as the Menard Family YMCA Tennis Center.
2013
In 2013, Menard ousted a former investment partner, Stephen Hilbert, a 20% shareholder in MH Equity, for mismanaging assets and resources.