Ceo Costco Net Worth (Updated 2025).

Jim Sinegal, the co-founder and former CEO of Costco Wholesale, began his career in the retail industry at a young age. Born and raised in Seattle, Washington, Sinegal started working at a local grocery store as a teenager, where he developed a strong work ethic and a passion for customer service.

In 1976, Sinegal joined forces with Jeffrey Brotman to establish Costco, a membership-only warehouse club that would revolutionize the retail landscape. With a focus on offering high-quality products at competitive prices, Sinegal and Brotman opened the first Costco location in Seattle in 1983. The company quickly grew in popularity, and Sinegal’s leadership style, which emphasized employee satisfaction and customer loyalty, contributed significantly to its success.

**

CEO Costco’s Current Net Worth (2025)

**

As of 2025, the latest available information pegs Costco’s CEO, Craig Jelinek, with a net worth of approximately $500 million. This figure reflects his successful tenure and the company’s growth under his leadership.

**

Career

**

Craig Jelinek began his career at FedMart in 1974, which later merged with Price Club to form Costco. He held various positions, including warehouse manager, before becoming CEO in 2004. His dedication and hard work have been instrumental in Costco’s continued success.

**

Other Ventures

**

Beyond Costco, Jelinek has no publicly known other ventures. He is committed to his role at Costco and has not been involved in any significant external business activities or investments.

**

Assets

**

Jelinek’s assets primarily consist of Costco stock, which accounts for a significant portion of his net worth. He also owns several properties, including a home in Kirkland, Washington, valued at around $2.5 million.

**

Annual Income

**

As of 2021, Jelinek’s total compensation was approximately $8.8 million, including his base salary, stock awards, and other incentives. This reflects his role as one of the highest-paid CEOs in the retail industry.

Frequently Asked Questions about  Ceo Costco

Frequently Asked Questions: CEO Costco Net Worth

1. Who is the current CEO of Costco?

The current CEO of Costco is Craig Jelinek. He has been serving in this position since 2012.

2. How long has Craig Jelinek been with Costco?

Craig Jelinek has been with Costco since 1984. He started as a senior vice president and has held various positions before becoming the CEO.

3. What is Craig Jelinek’s net worth?

As of the latest estimates, Craig Jelinek’s net worth is approximately $300 million.

4. How does Craig Jelinek’s salary compare to the average Costco employee?

In 2020, Craig Jelinek’s total compensation was around $2.3 million. Meanwhile, the average salary for a Costco employee in the U.S. is approximately $23.65 per hour, or about $49,200 annually.

5. How much of Costco’s success can be attributed to Craig Jelinek?

Craig Jelinek has played a significant role in Costco’s success, particularly in expanding the company’s international presence and maintaining its reputation for quality products and customer service. However, Costco’s success is also a result of the collective efforts of its management team and employees.

6. What is Craig Jelinek’s leadership style?

Craig Jelinek is known for his hands-on, approachable leadership style. He is often seen on the sales floor, interacting with employees and customers. He also emphasizes a culture of teamwork and employee satisfaction.

7. How has Craig Jelinek contributed to Costco’s sustainability efforts?

Under Craig Jelinek’s leadership, Costco has made significant strides in sustainability. The company has set goals to reduce its carbon emissions, increase renewable energy use, and improve waste reduction. Costco also offers organic and sustainable products to its customers.

8. What is Craig Jelinek’s educational background?

Craig Jelinek holds a Bachelor of Science degree in Accounting from the University of Arizona. He also has an MBA from California State University, Dominquez Hills.

9. How does Costco’s CEO compensation compare to other major retailers?

Craig Jelinek’s compensation is relatively lower compared to CEOs of other major retailers. For instance, in 2020, the CEO of Walmart, Doug McMillon, had a total compensation of around $21.3 million.

10. What are some of Craig Jelinek’s notable achievements as Costco’s CEO?

Some of Craig Jelinek’s notable achievements include expanding Costco’s international presence, maintaining the company’s reputation for quality and low prices, and implementing employee-friendly policies, such as offering health benefits to part-time employees.