Meijer Net Worth (Updated 2026).

Meijer, a prominent name in the retail industry, was founded in 1934 by Hendrik Meijer and his father, Geert. The journey began in Greenville, Michigan, with a small grocery store called “Meijer Thrifty Acres.” The duo’s vision was to provide customers with a one-stop shopping experience, a concept that was quite innovative for its time.

Hendrik, often referred to as “Hank,” played a pivotal role in shaping Meijer into the retail giant it is today. He introduced the unique “Meijer Thrifty Acres” concept, which combined a grocery store with a pharmacy, a hardware store, and a garden center under one roof. This innovative approach to retailing quickly gained popularity, and by the 1960s, Meijer had expanded to over 20 stores across Michigan.

**Meijer’s Current Net Worth (2025)**

As of 2025, the latest available information estimates the current net worth of the Meijer family to be approximately $12.5 billion. This figure is a reflection of the family’s long-standing success in the retail industry, primarily through their ownership and operation of the Meijer supercenter chain.

**Career**

Fred Meijer, the patriarch of the Meijer family, founded the Meijer supercenter chain in 1934. Initially starting as a single store in Michigan, the company grew under Fred’s leadership, expanding its reach across the Midwest. Today, Meijer operates over 250 supercenters in six states, employing more than 70,000 team members. The family remains actively involved in the company’s operations, with current CEO Doug Meijer, Fred’s grandson, at the helm.

**Other Ventures**

Beyond their retail empire, the Meijer family has diversified their investments. They have interests in real estate, including the development of the Meijer Gardens botanical center and museum in Grand Rapids, Michigan. Additionally, they have made significant contributions to various philanthropic causes, with the Meijer Foundation focusing on art, culture, and environmental conservation.

**Assets**

The Meijer family’s assets are primarily tied to their ownership in the Meijer supercenter chain. However, their wealth also includes real estate holdings, primarily in the Midwest, and investments in various other businesses. Their philanthropic efforts are reflected in the Meijer Gardens and other cultural and environmental initiatives they support.

**Annual Income**

The Meijer family’s annual income is largely derived from their stake in the Meijer supercenter chain. In 2024, the company reported a revenue of over $17 billion. Given the family’s significant ownership in the company, their annual income would be a substantial portion of this figure, although the exact amount is not publicly disclosed.

Frequently Asked Questions about  Meijer

Frequently Asked Questions: Meijer Net Worth

1. What is Meijer’s net worth?

Meijer’s net worth is estimated to be around $10 billion.

2. Who founded Meijer?

Meijer was founded by Hendrick Meijer and his brother, Frederik Meijer, in 1934.

3. How many stores does Meijer operate?

Meijer operates over 250 stores in the Midwest region of the United States.

4. What is the headquarters location of Meijer?

The headquarters of Meijer is located in Walker, Michigan.

5. What are the store formats of Meijer?

Meijer operates both supercenters and grocery stores, with supercenters offering a wider range of products including clothing, electronics, and furniture.

6. When did Meijer start expanding outside of Michigan?

Meijer began expanding outside of Michigan in the 1980s, with the first store opening in Indiana in 1982.

7. What is Meijer’s market share in the Midwest?

Meijer holds a significant market share in the Midwest, with estimates ranging from 15% to 20%.

8. Does Meijer have any plans for further expansion?

Meijer has expressed interest in expanding into new markets, with a focus on the Midwest and Southeast regions of the United States.

9. What is Meijer’s policy on private labels?

Meijer offers a wide range of private label products under brands such as “Meijer” and “Meijer Simply Given,” focusing on quality and affordability.

10. How does Meijer contribute to the community?

Meijer is involved in various community initiatives, including food banks, education, and health and wellness programs, through its “Simply Give” and other community support efforts.