John Menard, Jr.

About John Menard, Jr.

Who is it?: president and CEO, Menards
Birth Day: January 22, 1940
Birth Place: Eau Claire, Wisconsin, United States
Birth Sign: Aquarius
Education: University of Wisconsin-Eau Claire
Occupation: Entrepreneur
Known for: Founding Menards
Children: Paul Menard John Menard III

John Menard, Jr. Net Worth

John Menard, Jr. was bornon January 22, 1940 in Eau Claire, Wisconsin, United States, is president and CEO, Menards. John Menard's home improvement store chain has 306 stores and an estimated $9.5 billion in sales. It competes with Home Depot and Lowe's. His stores are concentrated in the middle of the U.S., spanning from Wyoming to Ohio in the northern half of the country. Menard turned down a job at IBM when he graduated college in 1963 -- he was already earning enough in his own business making agricultural buildings. In 1964, Menard opened his first store in Eau Claire, 14 years before Home Depot was founded.
John Menard, Jr. is a member of Fashion and Retail

💰 Net worth: $11.5 Billion (Updated at 22 June 2018)

2009 $5 Billion
2010 $5.2 Billion
2011 $4.5 Billion
2012 $6 Billion
2013 $7.5 Billion
2014 $7.9 Billion
2015 $9.2 Billion
2016 $9.4 Billion
2017 $10.2 Billion
2018 $11.04 Billion

Some John Menard, Jr. images

Biography/Timeline

1972

Menard opened his first hardware store in 1972. As of 2014, his company owned 287 Menards stores. As of 2005 Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in Wisconsin.

1997

In 1997, Menard was caught using his own pickup truck to haul plastic bags filled with chromium and arsenic-laden wood ash to his home for disposal with his household trash. Menard pleaded no contest to felony and misdemeanor charges involving records violations, unlawful transportation, and improper disposal of Hazardous waste. Menard and his company were fined $1.7 million for 21 violations.

2008

In January 2008, Menard gave $15 million to support Eau Claire's Luther Midelfort Hospital. The donation will be used for a new emergency services department and to help Mayo Clinic educate and train health professionals. In 2015, Menard donated $10 million dollars to support the Eau Claire Area YMCA. The gift will replace the current five-court LE Phillips Tennis Center that opened in 1972 to become an eight-court indoor tennis center known as the Menard Family YMCA Tennis Center.

2013

In 2013, Menard ousted a former investment partner, Stephen Hilbert, a 20% shareholder in MH Equity, for mismanaging assets and resources.