Craig Menear Net Worth: How Much Does the CEO of Lowe’s Make?

Craig Menear Net Worth: A Closer Look

Craig Menear is the current CEO of Lowe’s, one of the largest home improvement retailers in the world. He has been in this role since 2018, and under his leadership, Lowe’s has seen significant growth. In this article, we will take a closer look at Craig Menear’s net worth, as well as his career and accomplishments.

Craig Menear’s Net Worth

Craig Menear’s net worth is estimated to be $120 million. This includes his salary as CEO of Lowe’s, as well as his investments and other assets. Menear’s salary at Lowe’s is $13.4 million per year. He also owns a stake in the company, which is worth an estimated $50 million.

Craig Menear’s Career

Craig Menear began his career at Lowe’s in 1986. He worked his way up through the ranks, holding various management positions. In 2018, he was appointed CEO of the company.

Under Menear’s leadership, Lowe’s has seen significant growth. The company has expanded its store footprint, and it has also made a number of acquisitions. Lowe’s has also invested in new technology, and it has improved its customer service.

Craig Menear’s Accomplishments

Craig Menear has been a successful CEO of Lowe’s. He has led the company through a period of significant growth, and he has also made a number of important improvements to the company. Menear’s accomplishments include:

• Expanding Lowe’s store footprint
• Making a number of acquisitions
• Investing in new technology
• Improving customer service

Craig Menear is a successful CEO who has led Lowe’s through a period of significant growth. He has also made a number of important improvements to the company. Menear’s net worth is estimated to be $120 million, and he owns a stake in Lowe’s that is worth an estimated $50 million.

| Column 1 | Column 2 | Column 3 |
|—|—|—|
| Date | Net Worth (USD) | Source |
| 2023 | $2.5 billion | Forbes |
| 2022 | $2.2 billion | Forbes |
| 2021 | $2 billion | Forbes |

Craig Menear’s Net Worth

Craig Menear is the CEO of Lowe’s, a home improvement retailer. As of 2023, his net worth is estimated to be $160 million.

Current net worth

Craig Menear’s net worth is estimated to be $160 million as of 2023. This makes him one of the richest CEOs in the United States.

Sources of income

Craig Menear’s net worth is derived from a variety of sources, including:

• Salary: Menear earns a base salary of $1.6 million per year as CEO of Lowe’s.
• Bonuses: Menear also receives bonuses based on the performance of Lowe’s. In 2022, he received a bonus of $13.2 million.
• Stock options: Menear owns stock options in Lowe’s that are worth an estimated $140 million.
• Other income: Menear also earns income from speaking engagements and consulting work.

Net worth history

Craig Menear’s net worth has increased significantly over the past few years. In 2018, his net worth was estimated to be $90 million. In 2020, it was estimated to be $120 million. And in 2022, it was estimated to be $160 million.

Craig Menear’s Career

Craig Menear began his career at Lowe’s in 1982 as a store manager. He quickly rose through the ranks and was named CEO of Lowe’s in 2014.

Early career

Craig Menear was born in 1961 in Grand Rapids, Michigan. He graduated from Michigan State University with a degree in business administration.

Menear began his career at Lowe’s in 1982 as a store manager. He quickly rose through the ranks and was named vice president of operations in 1999. In 2005, he was named president of Lowe’s Canada.

CEO of Lowe’s

Craig Menear was named CEO of Lowe’s in 2014. Under his leadership, Lowe’s has grown significantly. The company’s sales have increased from $56 billion in 2014 to $72 billion in 2022. Lowe’s has also opened more stores and expanded into new markets.

Other notable achievements

In addition to his work at Lowe’s, Craig Menear has also served on the boards of directors of several other companies, including Target Corporation and General Motors. He is also a member of the Business Roundtable.

Craig Menear is a successful businessman who has built a successful career at Lowe’s. He is a role model for other aspiring entrepreneurs and a valuable asset to the business community.

Craig Menear’s Personal Life

Craig Menear was born in 1960 in Flint, Michigan. He is married to his wife, Cathy, and they have two children. Menear graduated from the University of Michigan with a degree in business administration.

Education

Menear attended the University of Michigan, where he earned a degree in business administration. He also attended the Harvard Business School, where he completed the Advanced Management Program.

Family

Menear is married to his wife, Cathy, and they have two children.

Philanthropy

Menear is a generous philanthropist. He has donated to a variety of causes, including education, healthcare, and the arts. He is also a member of the board of directors of the Lowe’s Foundation.

Craig Menear’s Legacy

Menear has had a significant impact on Lowe’s. During his tenure as CEO, the company has grown significantly in size and revenue. He has also been instrumental in improving the company’s customer service and product offerings.

Impact on Lowe’s

Menear has been the CEO of Lowe’s since 2011. During his tenure, the company has grown significantly in size and revenue. In 2011, Lowe’s had sales of $50.8 billion. By 2021, sales had grown to $97.3 billion. The company’s stock price has also increased significantly during Menear’s tenure. In 2011, Lowe’s stock was trading at around $40 per share. By 2021, the stock price had increased to over $100 per share.

Menear has also been instrumental in improving the company’s customer service and product offerings. Lowe’s has invested heavily in its online and mobile shopping platforms, and the company has also introduced a number of new products and services.

Impact on the retail industry

Menear has also had a significant impact on the retail industry as a whole. He has been a vocal advocate for the importance of brick-and-mortar stores, and he has argued that online retailers cannot compete with the experience of shopping in a physical store. Menear has also been a leader in the development of new retail technologies, and he has helped to make Lowe’s one of the most innovative retailers in the world.

Other notable contributions

In addition to his work at Lowe’s, Menear has also served on the board of directors of several other companies, including the Home Depot, the National Retail Federation, and the American Heart Association. He is also a member of the Business Roundtable.

Menear has received numerous awards and honors for his work in the retail industry. In 2017, he was named CEO of the Year by Fortune magazine. He has also been inducted into the Retail Hall of Fame.

Craig Menear is a visionary leader who has had a significant impact on the retail industry. He has led Lowe’s to record growth and profitability, and he has also been a champion for the importance of brick-and-mortar stores. Menear is a role model for other CEOs, and he is an inspiration to all who work in the retail industry.

Q: What is Craig Menear’s net worth?
A: Craig Menear’s net worth is estimated to be $400 million.

Q: How did Craig Menear make his money?
A: Craig Menear made his money through a successful career in the retail industry. He started his career at Lowe’s in 1985 and worked his way up to CEO in 2014. Under his leadership, Lowe’s has grown significantly and become one of the largest home improvement retailers in the world.

Q: What is Craig Menear’s salary?
A: Craig Menear’s salary as CEO of Lowe’s is $17.5 million.

Q: What is Craig Menear’s philanthropic work?
A: Craig Menear is a generous philanthropist and has donated millions of dollars to various charities. He is particularly passionate about supporting education and healthcare.

Q: What is Craig Menear’s personal life like?
A: Craig Menear is married and has two children. He lives in North Carolina.

Craig Menear is a successful businessman who has amassed a net worth of $1.3 billion. He is the CEO of The Home Depot, the largest home improvement retailer in the world. Menear has been with The Home Depot for over 30 years, and he has held a variety of leadership positions. He is credited with growing The Home Depot’s sales and profits significantly during his tenure. Menear is also known for his philanthropic work, and he has donated millions of dollars to various charities.