Artie T Demoulas Net Worth (Updated 2026).
Artie T. Demoulas, born in 1947, is the son of Greek immigrants who settled in Massachusetts. He grew up in the family’s small grocery store, learning the ropes from a young age. After graduating from college, Artie joined the family business full-time, marking the beginning of his career in the retail industry.
In the late 1970s, Artie saw an opportunity to expand the family’s grocery stores. He proposed the idea of a no-frills, discount supermarket, focusing on low prices and a wide selection of products. This concept was the birth of Market Basket, which opened its first store in 1976. Artie’s vision and leadership transformed the small family business into a regional powerhouse, eventually becoming one of the largest privately-owned supermarket chains in the United States.
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Artie T. Demoulas’ Current Net Worth (2025)
As per the latest available information, Artie T. Demoulas’ net worth stands at an impressive $3.4 billion as of 2025. This significant wealth can be largely attributed to his successful leadership and ownership of Market Basket, a popular New England supermarket chain.
Career
Artie T. Demoulas began his career at Market Basket, the family-owned business, in the 1970s. He worked his way up, eventually becoming the company’s CEO in 1994. Under his leadership, Market Basket has grown to become one of the most successful supermarket chains in the United States, known for its low prices and high-quality products.
Other Ventures
While Artie T. Demoulas is primarily known for his role at Market Basket, he also has interests in other ventures. He is a part-owner of the Boston Red Sox, the city’s Major League Baseball team. Additionally, he has invested in real estate, including the development of a shopping center in Tewksbury, Massachusetts.
Assets
Artie T. Demoulas’ assets primarily consist of his majority stake in Market Basket, which includes over 90 supermarkets across New England. He also owns a significant amount of real estate, including his residence in Burlington, Massachusetts. His art collection, which includes works by prominent artists like Andy Warhol and Roy Lichtenstein, is also a notable asset.
Annual Income
Artie T. Demoulas’ annual income is primarily derived from his role as the CEO and majority owner of Market Basket. However, the exact figure is not publicly disclosed. According to estimates, his annual income could be in the range of tens of millions of dollars, given the success and size of the company he leads.
Frequently Asked Questions about Artie T Demoulas
**Frequently Asked Questions: Artie T Demoulas Net Worth**
1. What is Artie T Demoulas’ net worth?
Artie T Demoulas’ net worth is estimated to be around $3 billion.
2. How did Artie T Demoulas make his money?
Artie T Demoulas made his fortune through his involvement in the supermarket chain Market Basket, which was founded by his grandfather. He served as the company’s CEO from 1994 until 2013, when he was ousted in a boardroom coup. He regained control of the company in 2014.
3. What is Artie T Demoulas’ role in Market Basket?
Artie T Demoulas is the CEO and majority owner of Market Basket. He has been instrumental in the company’s growth and expansion, and is known for his hands-on approach to management.
4. What is the Market Basket employee profit-sharing plan?
The Market Basket employee profit-sharing plan is a unique aspect of the company’s culture. Artie T Demoulas has implemented a plan that allows employees to share in the company’s profits, with many long-time employees receiving six-figure payouts annually.
5. How many stores does Market Basket have?
As of 2021, Market Basket operates over 90 stores in Massachusetts, New Hampshire, and Maine.
6. What is Artie T Demoulas’ leadership style?
Artie T Demoulas is known for his strong, hands-on leadership style. He is deeply involved in the day-to-day operations of Market Basket and is known for his commitment to customer service and employee satisfaction.
7. What is the Artie T Demoulas family’s history with Market Basket?
The Demoulas family has a long history with Market Basket. The company was founded by Artie T Demoulas’ grandfather, Athanasios “Arthur” Demoulas, in 1917. Artie’s father, Telemachus “Teo” Demoulas, also played a significant role in the company’s growth.
8. What happened during the 2014 Market Basket boardroom coup?
In 2014, a boardroom coup led by Artie T Demoulas’ cousin, Arthur S. Demoulas, resulted in Artie’s ousting as CEO. However, Artie regained control of the company later that year following a successful employee-led campaign to reinstate him.
9. How has Artie T Demoulas used his wealth?
Artie T Demoulas has used a portion of his wealth to support various charitable causes, including education, healthcare, and social services. He has also invested in real estate and other business ventures.
10. What is Artie T Demoulas’ philanthropic work?
Artie T Demoulas has been involved in various philanthropic efforts, including the establishment of the Demoulas Family Foundation, which supports a range of charitable causes. He has also made significant donations to educational institutions and healthcare organizations.
