| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $150 million | $800,000 | August 1952 | California | Male | N/A | Businessman | American |
What is Craig Jelinek’s Net Worth?
Craig Jelinek, an American businessman, has a net worth of $150 million. He accumulated his fortune through his long career at the discount club Costco. As of this writing, Jelinek is the largest individual stockholder of Costco, owning 333,000 shares, which accounts for approximately 0.08% of the company’s total shares outstanding.
Highlights
– Craig Jelinek’s net worth is $150 million.
– He is the CEO of Costco, a role he took on in 2012.
– Jelinek owns 333,000 shares of Costco, making him the company’s largest declared individual stockholder.
– His salary is $800,000.
Early Life
Craig Jelinek was born in August 1952 in California. He graduated from Antelope Valley High School in 1970 and later enrolled at San Diego State University, where he completed his education in 1975. Coincidentally, Jelinek’s future mentor at Costco, Jim Sinegal, also attended San Diego State University, graduating in 1959.
Career
Early in his career, Jelinek worked at FedMart, a chain of discount department stores where Jim Sinegal had also previously worked. In 1984, Jelinek joined Costco as the manager of warehouse operations. He witnessed the company’s growth and success, as Costco went public in 1985 and became one of the world’s largest retailers.
In 1993, Costco and Price Club merged and formed PriceCostco, which eventually rebranded to Costco in 1997. Jelinek’s contributions to the company led to his promotion as head of operations and merchandising in 2004. Finally, in 2012, he became the CEO of Costco, taking over from Jim Sinegal upon his retirement.
Under Jelinek’s leadership, Costco continued its remarkable growth and became the second-largest retailer in the world in 2015. It expanded its product offerings and emerged as the leading retailer of organic foods, choice and prime beef, wine, and rotisserie chicken.
Personal Life
There is limited information available about Craig Jelinek’s personal life. However, his dedication and success in his professional career are evident through his achievements at Costco.
Net Worth Over Time
Craig Jelinek’s net worth has fluctuated over time, primarily influenced by the performance of his stock holdings in Costco. As of this writing, his net worth is estimated at $150 million. In April 2022, when Costco’s stock briefly reached $600 per share, Jelinek’s stake was valued at $200 million. In recent years, the value of his stake has ranged between $100 and $150 million.
Components of Net Worth
Apart from his base salary of $800,000, Craig Jelinek also receives additional income in the form of bonuses and stock grants. In 2018, for instance, his total compensation included $97,000 in bonus, $6.3 million in stock grants, and $200,000 in retirement contributions.
It’s important to note that all net worth figures are estimates calculated using publicly available information. While efforts are made to ensure accuracy, there may be variations based on additional private tips and feedback received from the individual or their representatives.
In conclusion, Craig Jelinek’s net worth is estimated at $150 million, primarily derived from his successful career at Costco. As the CEO and largest individual stockholder of the company, he has played a significant role in its growth and profitability.