Ceo Of Costco Net Worth (Updated 2026).
Craig Jelinek, the current CEO of Costco Wholesale, began his career at the company in 1984, when it was still a fledgling operation under the umbrella of Price Club. Starting as a warehouse manager in California, Jelinek’s dedication and hard work quickly earned him promotions, eventually leading him to become a regional manager. His rise continued, and in 1995, when Costco and Price Club merged, Jelinek was appointed as the Executive Vice President. His leadership and strategic vision played a significant role in the successful integration of the two companies.
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Current Net Worth of Costco’s CEO (2025)
As of 2025, the latest available information estimates the net worth of Costco’s CEO, Craig Jelinek, to be approximately $100 million. This figure reflects his successful tenure at the helm of the company.
Career
Craig Jelinek began his career at Costco in 1981, working his way up from a warehouse supervisor to the CEO position in 2012. He has been instrumental in the company’s growth and success, focusing on employee satisfaction and customer value.
Other Ventures
Besides his role at Costco, Jelinek has no significant other ventures. He is fully dedicated to his position at Costco, which he considers his primary and most important commitment.
Assets
Jelinek’s assets primarily consist of his Costco stock holdings, valued at around $50 million. He also owns several properties, including a home in Kirkland, Washington, valued at approximately $2 million.
Annual Income
As of 2021, Craig Jelinek’s total compensation at Costco was approximately $8.8 million, including his base salary, stock awards, and other compensations. This figure can vary year by year based on the company’s performance.
Frequently Asked Questions about Ceo Of Costco
**Frequently Asked Questions: CEO of Costco Net Worth**
1. Who is the current CEO of Costco?
W. Craig Jelinek is the current CEO of Costco. He has been serving in this role since 2012.
2. How long has Craig Jelinek been with Costco?
Craig Jelinek has been with Costco since 1984, making him one of the longest-serving CEOs in the retail industry.
3. What is Craig Jelinek’s role before becoming the CEO?
Before becoming the CEO, Craig Jelinek served as the Executive Vice President and Chief Operating Officer of Costco.
4. How does Craig Jelinek’s compensation compare to other CEOs?
According to the Costco’s proxy statement, in 2021, Craig Jelinek’s total compensation was around $8.8 million, which is relatively low compared to other CEOs of large retail companies.
5. What is the estimated net worth of Craig Jelinek?
The latest estimated net worth of Craig Jelinek is around $500 million.
6. How does Costco’s business model contribute to its CEO’s wealth?
Costco’s business model, which focuses on low prices and high volume sales, has contributed to the company’s success and, consequently, the wealth of its CEO. However, it’s important to note that much of Jelinek’s wealth is tied up in Costco stock.
7. How does Craig Jelinek’s compensation compare to Costco’s average employee?
In 2021, Craig Jelinek’s compensation was around 667 times the median employee salary at Costco, which is relatively low compared to other large retailers.
8. What is the average salary of a Costco employee?
The average salary of a Costco employee is around $23,000 per year, although this can vary depending on the position and location.
9. How has Craig Jelinek’s leadership impacted Costco’s growth?
Under Craig Jelinek’s leadership, Costco has continued to grow and expand, with revenue increasing from $116 billion in 2012 to $163.22 billion in 2021. The company has also expanded its online presence and opened new stores during his tenure.
10. What is Craig Jelinek’s leadership style like?
Craig Jelinek is known for his low-key and approachable leadership style. He is often seen on the warehouse floor talking to employees and customers, and he has a reputation for being a hands-on CEO who is deeply involved in the day-to-day operations of the company.
