Doug Mcmillan Net Worth (Updated 2026).

Doug McMillon, born and raised in Arkansas, began his professional journey at the tender age of 12, working as a part-time employee at his local Walmart. This early exposure to the retail giant would prove to be a pivotal point in his career. He started at the bottom, bagging groceries and stocking shelves, learning the ins and outs of the business from the ground up.

After graduating from the University of Arkansas with a degree in business administration, McMillon joined the Walmart management training program in 1984. His hard work and dedication quickly propelled him up the corporate ladder. He held various positions within the company, including store manager, buyer, and divisional merchandise manager, before becoming the president and CEO of Walmart International in 2005.

Doug McMillon’s Current Net Worth (2025)

As of 2025, Doug McMillon’s current net worth is estimated to be around $40 billion, according to Forbes. This significant wealth is primarily attributed to his successful career at Walmart, where he serves as the President and CEO.

Career

Doug McMillon began his career at Walmart in 1984, working part-time as a summer associate. He held various positions, including as a buyer, store manager, and regional manager, before becoming an executive vice president in 2005. In 2014, he was appointed as the CEO and President of Walmart Inc.

Other Ventures

Beyond his role at Walmart, McMillon is involved in several other ventures. He serves on the board of directors for companies like the Consumer Goods Forum and the Business Roundtable. He is also a member of the Executive Committee of the Business Council.

Assets

McMillon’s primary asset is his stake in Walmart Inc., which accounts for a significant portion of his net worth. He also owns real estate, including a residence in Bentonville, Arkansas, valued at around $1.7 million. His collection of art and other personal belongings further contributes to his total assets.

Annual Income

As the CEO of Walmart Inc., Doug McMillon’s annual income is substantial. In 2020, his total compensation was reported to be around $22.4 million, which includes his base salary, stock awards, and other forms of compensation. This figure can vary year to year based on the company’s performance.

Frequently Asked Questions about  Doug Mcmillan

Frequently Asked Questions: Doug McMillon Net Worth

1. What is Doug McMillon’s net worth?

Doug McMillon’s net worth is estimated to be around $30 million.

2. How did Doug McMillon make his money?

Doug McMillon made his fortune through his career at Walmart, where he served as the President and CEO. He also holds significant shares in the company.

3. What is Doug McMillon’s salary as the CEO of Walmart?

As of the latest reports, Doug McMillon’s annual salary as the CEO of Walmart is around $25 million.

4. What is Doug McMillon’s educational background?

Doug McMillon holds a Bachelor’s degree in Business Administration from the University of Arkansas and an MBA from the University of Tulsa.

5. When did Doug McMillon start working at Walmart?

Doug McMillon started working at Walmart in 1984 as a summer associate in a distribution center.

6. How old is Doug McMillon?

Doug McMillon was born on October 17, 1966, making him 55 years old.

7. What is Doug McMillon’s political affiliation?

Doug McMillon is a registered Republican.

8. Does Doug McMillon have any children?

Yes, Doug McMillon has three children with his wife, Shelley.

9. What is Doug McMillon’s philanthropic work like?

Doug McMillon and his wife are involved in various philanthropic activities, including supporting education, health, and poverty alleviation initiatives through the Walmart Foundation and their personal giving.

10. What are Doug McMillon’s hobbies and interests?

Doug McMillon is an avid reader and a fitness enthusiast. He also enjoys spending time with his family and playing golf.