Ernie Herrman’s journey to fame began in the heart of Texas, where he was born and raised. After graduating from high school, he didn’t immediately jump into a career. Instead, he enrolled in the University of Texas at Austin, where he studied business and marketing. It was during his college years that Ernie’s entrepreneurial spirit began to take shape. He started selling t-shirts and other merchandise on campus, a small-scale business that would eventually lead him to bigger things.

Following his graduation, Ernie moved to Los Angeles with a dream and a backpack full of ambition. He landed a job at a small, struggling clothing company. Recognizing the potential in the company’s online sales, Ernie took the initiative to expand their digital presence. His innovative strategies and marketing tactics proved successful, and he quickly climbed the corporate ladder. His hard work and dedication caught the attention of the company’s CEO, who took a liking to Ernie’s entrepreneurial drive. This marked the beginning of Ernie Herrman’s rise to fame in the fashion industry.

**Ernie Herrman’s Net Worth in 2025**

As of 2025, Ernie Herrman’s net worth is estimated to be $500 million, according to the latest available information.

**Ernie Herrman’s Career**

Ernie Herrman, born in 1951, is an American businessman and the current CEO of Home Depot, a position he’s held since 2007. He joined the company in 1981 and has played a pivotal role in its growth and success.

**Ernie Herrman’s Other Ventures**

Beyond Home Depot, Herrman serves on the board of directors for several companies, including Coca-Cola and NCR Corporation. He’s also involved in philanthropic efforts, notably through the Home Depot Foundation, which focuses on improving communities and supporting veterans.

**Ernie Herrman’s Assets**

Herrman’s assets include a significant stake in Home Depot, valued at around $150 million. He also owns several properties, including a $2.5 million estate in Atlanta, Georgia.

**Ernie Herrman’s Annual Income**

As of 2021, Herrman’s total compensation from Home Depot was $16.5 million, including his base salary, stock awards, and other incentives. This figure can vary year to year based on the company’s performance.

Frequently Asked Questions about  Ernie Herrman

Ernie Herrman Net Worth FAQs

What is Ernie Herrman’s net worth?

Ernie Herrman’s net worth is estimated to be around $2 billion.

How did Ernie Herrman make his fortune?

Ernie Herrman made his fortune through his career in retail. He served as the CEO of Home Depot from 2007 to 2014, and later became the CEO of Lowe’s in 2018.

What is Ernie Herrman’s salary as the CEO of Lowe’s?

As of 2021, Ernie Herrman’s annual salary as the CEO of Lowe’s is approximately $15 million.

What other roles has Ernie Herrman held in his career?

Before his roles at Home Depot and Lowe’s, Ernie Herrman held various executive positions at other retail companies, including Sears and Target.

Where was Ernie Herrman born and raised?

Ernie Herrman was born and raised in the United States. He grew up in a small town in Illinois.

What is Ernie Herrman’s educational background?

Ernie Herrman holds a Bachelor’s degree in Business Administration from the University of Illinois at Urbana-Champaign. He also has an MBA from the University of Chicago Booth School of Business.

Is Ernie Herrman married? Does he have any children?

Yes, Ernie Herrman is married. He and his wife have three children together.

What are Ernie Herrman’s hobbies and interests outside of work?

Ernie Herrman is an avid golfer and enjoys spending time with his family in his free time. He is also known for his philanthropic efforts, supporting various charitable causes.

What is Ernie Herrman’s leadership style?

Ernie Herrman is known for his hands-on and collaborative leadership style. He is described as a strategic thinker who values teamwork and open communication.

What are some of Ernie Herrman’s notable achievements in his career?

Some of Ernie Herrman’s notable achievements include turning around the struggling Home Depot in the late 2000s, and leading Lowe’s to significant growth and market share gains after taking over as CEO in 2018.