Craig Jelinek Net Worth (Updated 2025).
Craig Jelinek, the man behind the successful retail chain Costco Wholesale, began his career in the retail industry at a young age. Born and raised in California, Jelinek started working at FedMart, a discount store, while still in high school. He worked his way up from a stock clerk to a management position, demonstrating his strong work ethic and dedication from the very beginning.
In 1983, Jelinek took a leap of faith and joined forces with Jim Sinegal, the co-founder of Costco. Together, they opened the first Costco warehouse in Seattle, Washington. Jelinek’s experience in retail management and his understanding of the business proved invaluable to the new venture. He played a pivotal role in shaping Costco’s unique business model, which focuses on offering high-quality products at competitive prices to its members.
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Craig Jelinek’s Current Net Worth (2025)
As of 2025, Craig Jelinek’s estimated net worth is $1.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career at Costco Wholesale, where he served as the CEO and President from 2004 to 2021.
Career
Craig Jelinek began his career at Costco in 1984 as a warehouse manager. He climbed the ranks, becoming the Executive Vice President in 1995, and eventually taking the helm as CEO in 2004. Under his leadership, Costco grew to become one of the world’s largest retailers, known for its high employee wages and customer satisfaction.
Other Ventures
Beyond Costco, Jelinek has been involved in various philanthropic efforts. He and his wife, Susan, have donated generously to causes such as education and healthcare. Additionally, Jelinek serves on the board of directors for the Costco Wholesale Payments Corporation.
Assets
Jelinek’s primary residence is a 12,000 square-foot mansion in Kirkland, Washington, valued at around $15 million. He also owns a private jet, a Gulfstream G650, worth approximately $70 million. His extensive stock portfolio, primarily in Costco shares, contributes significantly to his net worth.
Annual Income
In his final year as CEO of Costco, Jelinek’s total compensation was $8.8 million, including a base salary of $600,000, stock awards, and other incentives. His annual income has varied over the years, reflecting changes in Costco’s performance and his role within the company.
Frequently Asked Questions about Craig Jelinek
**Q1: What is Craig Jelinek’s net worth?**
Craig Jelinek’s net worth is estimated to be around $1 billion.
**Q2: Who is Craig Jelinek?**
Craig Jelinek is an American businessman and the CEO of Costco Wholesale Corporation.
**Q3: How did Craig Jelinek become the CEO of Costco?**
Jelinek started his career at Costco in 1984 as a warehouse manager. He worked his way up to become the CEO in 2004.
**Q4: What is Craig Jelinek’s salary as the CEO of Costco?**
As of the latest reports, Craig Jelinek’s annual salary is around $600,000.
**Q5: How many shares of Costco does Craig Jelinek own?**
As of the latest reports, Craig Jelinek owns around 1.5 million shares of Costco.
**Q6: What is Craig Jelinek’s education background?**
Jelinek graduated from the University of California, Berkeley with a Bachelor’s degree in Economics.
**Q7: Is Craig Jelinek married? Does he have any children?**
Yes, Craig Jelinek is married. He has two children with his wife, Linda.
**Q8: What is Craig Jelinek’s philanthropic work like?**
Jelinek is known for his generous donations to various causes. He has donated to the University of California, Berkeley, and is also a significant donor to the Democratic Party.
**Q9: What is Craig Jelinek’s leadership style?**
Jelinek is known for his hands-on leadership style. He is often seen on the sales floor and is very involved in the day-to-day operations of Costco.
**Q10: What is Craig Jelinek’s approach to business and management?**
Jelinek’s approach to business is focused on customer satisfaction and employee happiness. He believes in treating employees well, which in turn leads to better customer service and higher profits.
