The estimated Doug McMillon net worth has reached at least $540 million as of late 2025, reflecting his substantial holdings in Walmart Inc. (WMT) and long-term leadership as CEO.
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Overview of the Net Worth Estimate
- According to QuiverQuant, McMillon owns approximately 4.8 million shares of Walmart as of October 29, 2025, with an estimated value of $541.1 million.
- GuruFocus reports as of November 14, 2025 that McMillon owns about 5,413,854 shares, valued at over $555 million based on the then-current share price.
- Earlier in 2025, multiple outlets placed his net worth in the range of $300 million to $507 million, acknowledging fluctuations due to stock price and equity holdings.
- The variation arises because McMillon’s wealth is heavily tied to Walmart stock performance and the value of equity awards, which can shift rapidly based on market conditions.
Key Components of His Wealth
| Component | Details |
|---|---|
| Stock holdings | Millions of shares of Walmart, forming the bulk of his net worth. |
| Executive compensation | Annual pay including salary, bonuses, stock awards. For example, in recent years total compensation exceeded ~$25 million. |
| Long-term career growth | McMillon joined Walmart as a summer associate in 1984 and rose to CEO in 2014. |
Why the Net Worth Estimate Matters
McMillon’s net worth is important for several reasons:
- It reflects investor confidence in Walmart’s future, since a large portion is in equity.
- It shows the financial rewards that accompany leadership of a global retail giant.
- It highlights how executive wealth can be tied to long-term service and company performance rather than purely cash salary.
What Affects the Net Worth Estimate?
Several factors cause his net worth to vary:
- Stock market fluctuations: Since most of his wealth is in Walmart stock, changes in share price directly impact his net worth.
- Insider share transactions: Filings show McMillon has sold shares periodically; for example, a sale of 19,416 shares on October 23, 2025.
- Equity awards and vesting: His compensation includes stock awards that may vest over time, affecting the estimate.
- Holdings disclosure delays: Public estimates assume no change in holdings unless filed, which means the actual figure could differ slightly.
Putting the Figures in Context
- McMillon’s net worth of ~$540 million places him well above many corporate executives, though it is modest compared to founders of tech firms.
- Earlier public estimates that placed his net worth at ~$300 million are now considered outdated given updated holdings and market values.
- For comparison, his compensation in a recent year was about $27 million, which underscores the importance of his equity holdings in building that larger net worth.
Bottom Line
As of November 2025, the most reliable data indicates that Doug McMillon’s net worth stands at approximately $540 million or higher, largely driven by his equity in Walmart. While estimates vary, the disclosed holdings and value of shares provide a strong basis for this figure.
If you’d like a breakdown of his compensation or how his net worth compares with other retail CEOs, I’d be happy to provide it—just let me know!