Lowes Net Worth (Updated 2025).
Lowe’s, a prominent name in the home improvement industry, traces its roots back to 1946 when it was founded by Lucius S. Lowe in North Wilkesboro, North Carolina. Lucius, a former banker, started the business with a single hardware store, focusing on providing quality products and exceptional customer service to the local community.
The company’s growth began to accelerate in the 1960s under the leadership of Lucius’ son, Jim Lowe. Jim expanded the business by opening more stores across the Southeast and implementing innovative strategies, such as the introduction of self-service displays and the first garden center in the industry. This customer-centric approach and forward-thinking strategy laid the foundation for Lowe’s to become the national retailer it is today.
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Lowes’s Current Net Worth (2025)
As of 2025, the latest available information estimates that Lowes’ current net worth is approximately $100 billion. This figure is subject to change due to fluctuations in the market and other financial factors.
Career
Lowes, a prominent figure in the home improvement industry, is the CEO and President of Lowe’s Companies, Inc. He has held this position since 2018, leading the company’s strategic direction and operations. Prior to this role, he served in various executive positions within the company, including Executive Vice President of Store Operations and President of the U.S. Retail business.
Other Ventures
In addition to his role at Lowe’s, Lowes is also involved in several other ventures. He serves on the board of directors for the National Retail Federation and is a member of The Business Council. He is also actively involved in various philanthropic initiatives, including the Lowe’s Charitable and Educational Foundation, which supports communities through various programs.
Assets
Lowes’ assets primarily consist of his ownership in Lowe’s Companies, Inc. As of 2025, he owns approximately 1% of the company’s shares, which is valued at around $10 billion. He also owns several properties, including a residence in North Carolina, valued at over $5 million.
Annual Income
As the CEO of Lowe’s Companies, Inc., Lowes’ annual income is substantial. In 2020, his total compensation was reported to be $21.8 million, including his base salary, stock awards, non-equity incentive plan compensation, and other compensation. This figure can vary from year to year based on the company’s performance and other factors.
Frequently Asked Questions about Lowes
**Frequently Asked Questions: Lowe’s Net Worth**
1. What is Lowe’s net worth?
Lowe’s net worth is estimated to be over $80 billion.
2. How does Lowe’s compare to its main competitor, Home Depot, in terms of net worth?
While both companies are significant in the home improvement industry, Home Depot’s net worth is estimated to be higher than Lowe’s, with a net worth of over $150 billion.
3. What are the main sources of revenue for Lowe’s?
Lowe’s generates revenue primarily through the sale of home improvement products and services. This includes building materials, appliances, and home decor, as well as services like installation and repair.
4. How many stores does Lowe’s operate worldwide?
As of 2021, Lowe’s operates over 2,100 home improvement and hardware stores in the United States, Canada, and Mexico.
5. What is the average annual revenue of Lowe’s?
Lowe’s average annual revenue is over $70 billion.
6. How many employees does Lowe’s have?
Lowe’s employs over 300,000 people worldwide.
7. When was Lowe’s founded and by whom?
Lowe’s was founded in 1946 by Lucius Smith Lowe in North Carolina, USA.
8. What is the current CEO of Lowe’s?
Marvin R. Ellison is the current President and CEO of Lowe’s, a position he has held since July 2018.
9. How has the COVID-19 pandemic affected Lowe’s business?
The COVID-19 pandemic has led to an increase in demand for home improvement products and services, which has positively impacted Lowe’s business. However, it has also presented challenges such as supply chain disruptions and increased safety measures for employees and customers.
10. What are some of Lowe’s recent initiatives or projects?
Lowe’s has recently launched several initiatives, including a commitment to achieve net-zero greenhouse gas emissions by 2050, a partnership with the National Trust for Historic Preservation to support historic homes, and an expansion of its online and in-store shopping experiences.
