Arthur Demoulas, born and raised in Massachusetts, began his career in the family business, Market Basket, at a young age. He started at the bottom, working as a box boy in the late 1970s, learning the ropes of the grocery store industry from the ground up. His passion for the business was evident, and he quickly moved up the ranks, demonstrating exceptional leadership skills and a deep understanding of the market.

In 1990, Arthur took a significant step in his career when he was appointed as the President and CEO of Market Basket. Under his leadership, the company experienced remarkable growth. He implemented innovative strategies, focused on customer satisfaction, and fostered a strong company culture, making Market Basket a beloved local institution. His dedication and vision catapulted him to fame, not just in the business world, but also in the hearts of his employees and customers alike.

Arthur Demoulas’s Current Net Worth (2025)

As of 2025, Arthur Demoulas’s current net worth is estimated to be around $3.5 billion, according to Forbes. This significant wealth is primarily attributed to his majority ownership and leadership role in Market Basket, a successful supermarket chain in the northeastern United States.

Career

Arthur S. Demoulas, born in 1951, is the CEO and Chairman of Demoulas Super Markets, Inc., which operates under the name Market Basket. He took over the company from his uncle, Arthur G. Demoulas, in 1990. Under his leadership, Market Basket has grown to become one of the largest and most profitable supermarket chains in the U.S.

Other Ventures

Besides Market Basket, Arthur Demoulas has invested in various other businesses. He is a principal owner of the real estate development company, NB Development Group. Additionally, he has interests in several other companies, including a food distribution business and a commercial real estate firm.

Assets

Demoulas’s assets include a significant stake in Market Basket, valued at over $3 billion. He also owns multiple properties, including his primary residence in Tewksbury, Massachusetts, and a vacation home in Nantucket. His asset portfolio also includes investments in various stocks and bonds.

Annual Income

As the CEO of Market Basket, Arthur Demoulas’s annual income is substantial. While the exact figure is not publicly disclosed, industry estimates suggest it could be in the range of $10-20 million per year. This is primarily from his salary and bonuses at Market Basket, with additional income from his other ventures.

Frequently Asked Questions about  Arthur Demoulas

Frequently Asked Questions: Arthur Demoulas Net Worth

1. What is Arthur Demoulas’ net worth?

Arthur Demoulas’ net worth is estimated to be around $3.5 billion.

2. How did Arthur Demoulas make his fortune?

Arthur Demoulas made his fortune through his family’s supermarket chain, Market Basket. He served as the company’s CEO from 1994 until 2014, when he was ousted by his cousin, Arthur S. Demoulas. He regained control of the company in 2014 and has since overseen its continued growth and success.

3. Is Arthur Demoulas the richest person in Massachusetts?

As of the latest estimates, Arthur Demoulas is not the richest person in Massachusetts. The title of the richest person in the state belongs to Abigail Johnson, the CEO of Fidelity Investments, with an estimated net worth of over $17 billion.

4. How much is Market Basket worth?

The exact value of Market Basket is not publicly disclosed. However, as of the latest estimates, the company is worth around $4 billion.

5. What is Arthur Demoulas’ role at Market Basket?

After regaining control of Market Basket in 2014, Arthur Demoulas serves as the company’s CEO and Chairman. He is also the majority shareholder.

6. How many stores does Market Basket have?

As of 2021, Market Basket operates over 90 stores in Massachusetts, Maine, and New Hampshire.

7. What is Arthur Demoulas’ education background?

Arthur Demoulas graduated from the University of Massachusetts Amherst with a Bachelor of Science degree in Business Administration. He also holds a Master of Business Administration degree from the Harvard Business School.

8. Is Arthur Demoulas married? Does he have any children?

Yes, Arthur Demoulas is married. He and his wife, Dee, have three children together.

9. What is Arthur Demoulas’ political affiliation?

Arthur Demoulas is a registered Democrat.

10. What are some of Arthur Demoulas’ philanthropic efforts?

Arthur Demoulas and the Demoulas Family Foundation have made significant contributions to various charitable causes, including education, healthcare, and community development. They have also supported disaster relief efforts, such as those following the 2011 earthquake and tsunami in Japan and Hurricane Maria in Puerto Rico.