Marvin Ellison Net Worth (Updated 2025).

Marvin Ellison, a prominent figure in the retail industry, began his career in an unconventional way. Born and raised in a small town in Mississippi, Ellison didn’t have direct access to the corporate world. Instead, he started from the ground up, working as a stock boy at a local Kmart store to help support his family. This humble beginning would later serve as a foundation for his impressive rise in the retail sector.

Ellison’s journey took a significant turn when he was offered a full-time position at Kmart’s corporate office after demonstrating exceptional work ethic and leadership skills. This opportunity allowed him to climb the corporate ladder, eventually leading him to become the first African-American CEO of a Fortune 50 company, JCPenney, in 2015. His strategic leadership and innovative approach to retail helped him gain recognition and fame in the industry.

Marvin Ellison’s Net Worth in 2025

As of 2025, Marvin Ellison’s net worth is estimated to be around $25 million, according to the latest available information.

Career

Marvin Ellison is a prominent American businessman, serving as the CEO of Lowe’s Companies, Inc. since 2018. Prior to this, he held various executive positions at Home Depot, including President and COO. He began his career at Procter & Gamble in 1990, rising through the ranks over 15 years.

Other Ventures

In addition to his role at Lowe’s, Ellison serves on the board of directors for FedEx Corporation and is a member of the Business Roundtable. He is also involved in various philanthropic endeavors, supporting education and community development initiatives.

Assets

Marvin Ellison’s assets include a substantial equity stake in Lowe’s, valued at over $10 million as of 2025. He also owns several properties, including a luxurious home in Atlanta, Georgia, and has a diverse investment portfolio consisting of stocks, bonds, and real estate.

Annual Income

As the CEO of Lowe’s, Marvin Ellison’s annual income is significant. In 2020, his total compensation was reported to be around $15.6 million, including salary, stock awards, and other incentives. However, this figure can vary year to year based on company performance and other factors.

Frequently Asked Questions about  Marvin Ellison

Marvin Ellison Net Worth FAQs

1. What is Marvin Ellison’s net worth?

Marvin Ellison’s net worth is estimated to be $50 million.

2. How did Marvin Ellison make his money?

Marvin Ellison made his fortune through his successful career in retail. He served as the President and CEO of JCPenney from 2014 to 2020, and previously held executive positions at Home Depot.

3. When was Marvin Ellison born?

Marvin Ellison was born on October 15, 1966.

4. Where did Marvin Ellison grow up?

Marvin Ellison grew up in Chicago, Illinois.

5. What is Marvin Ellison’s educational background?

Marvin Ellison holds a Bachelor of Science degree in Marketing from the University of Southern Indiana and an MBA from Harvard Business School.

6. What are some of the companies Marvin Ellison has worked for?

Marvin Ellison has worked for several prominent companies throughout his career, including Home Depot, Target, and JCPenney.

7. What is Marvin Ellison’s current role?

As of now, Marvin Ellison serves as the President and CEO of Lowe’s, a position he has held since July 2021.

8. What awards has Marvin Ellison won?

Marvin Ellison has been recognized with several awards, including being named one of the “100 Most Influential People in the World” by Time magazine in 2017.

9. Is Marvin Ellison married?

Yes, Marvin Ellison is married. He and his wife, Monica, have two children together.

10. What is Marvin Ellison’s leadership style?

Marvin Ellison is known for his hands-on and collaborative leadership style. He emphasizes the importance of teamwork, communication, and a strong company culture.

Author

  • Hi,I am Adam. An entertainment writer and a dad. I like to write about celebrities and love spending time with my family.

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