Larry Merlo began his career in the pharmacy industry after earning a degree in pharmacy from the University of Pittsburgh in 1982. He joined CVS Health as a staff pharmacist, where his hands-on experience and leadership potential quickly set him apart. Over the years, Merlo climbed the ranks by focusing on operational efficiency and customer care, eventually taking on roles that expanded his influence across the company. His ability to streamline processes and drive growth earned him a reputation as a forward-thinking leader, paving the way for his eventual rise to CEO in 2011.

Under Merlo’s leadership, CVS Health transformed into a healthcare powerhouse, notably through its acquisition of Aetna in 2018, a move that redefined the company’s role in the industry. His strategic vision and emphasis on integrating pharmacy services with healthcare solutions made him a prominent figure in corporate America. Merlo’s career is a testament to his knack for identifying opportunities and executing bold decisions, solidifying his legacy as a key player in reshaping modern healthcare.

Larry Merlo’s Net Worth in 2025

As of 2025, Larry Merlo’s estimated net worth is around $50 million. This figure reflects his long tenure as CEO of CVS Health and his strategic leadership in expanding the company’s reach. His wealth stems from executive compensation, stock holdings, and other investments. While exact details may vary, this estimate aligns with his high-profile career in healthcare and retail.

Larry Merlo’s Career

Larry Merlo is best known for his role as CEO of CVS Health from 2011 to 2021, where he led transformative initiatives like the acquisition of Aetna. Starting as a pharmacist, he climbed the ranks, demonstrating strong leadership in retail and healthcare. His career highlights include expanding CVS’s MinuteClinics and removing tobacco products from stores, cementing his legacy in the industry.

Larry Merlo’s Other Ventures

Beyond CVS, Merlo serves on corporate boards and advises healthcare organizations. He’s involved in philanthropic efforts, focusing on public health and education. While less publicized than his CEO role, these ventures showcase his commitment to shaping healthcare policy and supporting community initiatives.

Larry Merlo’s Assets

Merlo’s assets likely include real estate, stock portfolios, and luxury items, though specifics are private. His CVS stock holdings alone were substantial during his tenure. Given his net worth, he’s presumed to own high-value properties and diversified investments, typical for executives of his caliber.

Larry Merlo’s Annual Income

At the peak of his career, Merlo’s annual income exceeded $20 million, including salary, bonuses, and stock options. Post-CVS, his earnings likely derive from board positions and investments. While current figures aren’t public, his income remains significant given his experience and influence.

Frequently Asked Questions about  Larry Merlo

What is Larry Merlo’s net worth?

Larry Merlo’s net worth is estimated to be in the range of tens of millions of dollars, primarily accumulated through his long career as the CEO of CVS Health.

How did Larry Merlo make his money?

Larry Merlo earned his wealth through his executive roles at CVS Health, including his tenure as CEO, where he oversaw significant company growth and strategic acquisitions.

What was Larry Merlo’s salary as CEO of CVS Health?

During his time as CEO, Larry Merlo’s annual compensation package often exceeded $20 million, including base salary, bonuses, and stock options.

When did Larry Merlo retire from CVS Health?

Larry Merlo retired as CEO of CVS Health in February 2021 after serving in the role for over a decade.

What major achievements did Larry Merlo have at CVS Health?

Under Merlo’s leadership, CVS Health acquired Aetna, expanded its healthcare services, and removed tobacco products from stores to rebrand as a health-focused company.

Does Larry Merlo still own stock in CVS Health?

While exact holdings may vary, Larry Merlo likely retains significant stock in CVS Health from his time as CEO, contributing to his net worth.

What is Larry Merlo doing after retirement?

Since retiring, Larry Merlo has remained relatively low-profile but may serve on corporate boards or engage in philanthropic activities.

How long was Larry Merlo the CEO of CVS Health?

Larry Merlo served as CEO of CVS Health from 2011 until his retirement in 2021, a tenure of approximately 10 years.

Did Larry Merlo face any controversies during his career?

Merlo faced scrutiny over CVS Health’s role in the opioid crisis, though he implemented policies to address prescription drug abuse during his leadership.

What was Larry Merlo’s background before joining CVS?

Before leading CVS Health, Larry Merlo held various executive roles in pharmacy and retail operations, building a strong foundation in the healthcare industry.