Wegmans, a household name in the grocery industry, traces its roots back to 1916 when Italian immigrant, John Wegman, established a small, neighborhood market in Rochester, New York. This humble beginning set the stage for what would become a prominent player in the retail landscape.

The Wegmans story took a significant turn in 1931 when John’s son, Walter, joined the business. Under his leadership, the company began to expand, introducing innovations like self-service shopping and a wider product selection. This forward-thinking approach, coupled with a commitment to exceptional customer service, started to earn Wegmans its reputation as a unique and beloved shopping experience.

Wegmans’ Current Net Worth (2025)

As of 2025, Wegmans’ current net worth is estimated to be around $10 billion. This figure reflects the company’s significant growth and success in the retail industry.

Career

Wegmans, founded by John Wegman in 1916, has evolved from a small Rochester, New York, grocery store to a major supermarket chain. Today, it operates over 100 stores across seven states and is renowned for its customer service and high-quality products.

Other Ventures

In addition to its supermarket operations, Wegmans has diversified into other ventures. These include a food processing plant, a food distribution center, and a restaurant chain, The Burger Bar. The company also offers catering services and has a private label line of products.

Assets

Wegmans’ assets include its extensive retail store network, distribution centers, and processing plants. The company also holds significant real estate, with many stores located in prime retail locations. Additionally, Wegmans’ strong brand and reputation are among its most valuable assets.

Annual Income

Wegmans’ annual income, or revenue, has seen steady growth over the years. In 2020, the company reported annual sales of over $10 billion. This figure reflects the company’s success in the competitive retail industry and its ability to adapt to changing consumer preferences.

Frequently Asked Questions about  Wegmans

Frequently Asked Questions: Wegmans Net Worth

1. What is Wegmans’ net worth?

Wegmans’ net worth is estimated to be over $32 billion.

2. Who is the founder of Wegmans?

Wegmans was founded by John B. Wegman in 1916.

3. How many stores does Wegmans have?

As of 2021, Wegmans operates 103 stores in the northeastern and mid-Atlantic regions of the United States.

4. In which states can you find Wegmans stores?

Wegmans stores are located in New York, Pennsylvania, New Jersey, Virginia, Maryland, Massachusetts, and North Carolina.

5. What are the store hours for Wegmans?

Store hours vary by location, but most Wegmans stores are open from 6:00 AM to 11:00 PM daily.

6. Does Wegmans offer online shopping?

Yes, Wegmans offers online shopping through its website and mobile app, with options for delivery or in-store pickup.

7. What is the Wegmans employee discount?

Wegmans employees receive a 15% discount on their purchases at the company’s stores.

8. How many employees does Wegmans have?

Wegmans employs over 50,000 people across its store locations and corporate offices.

9. Is Wegmans a privately held company?

Yes, Wegmans is a privately held company, with the Wegman family still owning and operating the business.

10. What is the Wegmans’ mission statement?

Wegmans’ mission statement is: “To provide the highest quality products and services to our customers at the lowest possible prices, while maintaining the highest standards of quality and integrity.”