Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#117 John Menard Jr $11.7B

Random fact: Son Paul had his first NASCAR Spirit Cup win in 2011.

Overview

Menard is the founder and majority shareholder of Menard Inc., the Eau Claire, Wisconsin-based company that owns the Menard home improvement chain. Founded in 1960, the closely held business controls more than 280 stores in 14 states in the U.S. It had revenue of $10.2 billion in 2015, according to the National Retail Federation.

As of July 23, 2017:
Last change +$87.4M (+0.8%)
YTD change +$82.2M (+0.7%)
Industry Retail
Biggest asset Menard Inc.
Citizenship United States
Age 71
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

John Menard Jr's net worth of $11.7B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Menard's fortune is derived from his 89 percent ownership of Menard Inc., according to a 2008 U.S. Tax Court filing. It's the 45th biggest retailer in the U.S. according to the National Retail Federation Top 100 Retailers list for 2016.

Menard had revenue of $10.2 billion in 2015, according to the National Retail Federation's website. The company's valuation is based on the average enterprise value-to-Ebitda multiple of two publicly traded peer companies: Home Depot and Lowe's.

The value of his cash holdings is based on an analysis of dividends, taxes and market performance.

Jeff Abbott, a spokeswoman for Menard Inc., said Menard declined to comment on his net worth calculation.

Biography

Birthdate: 1940
Family: Divorced, 6 children
Education: 1963, University of Wisconsin-Eau Claire Foundation Inc, Bachelor's Degree

John Robert Menard Jr., the eldest of eight children, was born in Eau Claire, Wisconsin, in 1940. His father taught math at the University of Wisconsin-Eau Claire, and his mother was a Catholic grade-school teacher. The family moved to the countryside to build one of the state's largest dairy herds before he entered high school, according to the Milwaukee Magazine. His father hired a company to build a pole barn where Menard worked during the summer. After two years working with the pole barn company, John got his own team and began his construction career to help pay for his education at the University of Wisconsin-Eau Claire in 1959.

Menard opened his first hardware store in 1960. He leveraged the contacts he made in the construction business to help the company expand. Today, Menards is the third-largest home-improvement chain in the U.S. with more than 280 stores in 14 central U.S. states.

A racing fan, Menard bought his first racing car in 1979. His son, Paul, races for a NASCAR team that the company co-sponsors. He won the Spirit Cup at the Brickyard 400 in 2011. He's also a thoroughbred horse owner, with $13 million invested in 31 thoroughbreds, according to the Indianapolis Business Journal in December 2010.

The billionaire lives in Eau Claire, Wisconsin with six children.

Milestones
  • 1940 John Robert Menard Jr. is born in Eau Claire, Wisconsin.
  • 1959 Begins career in the construction business to help pay for college.
  • 1960 Enters the retail hardware business by founding Menard Inc.
  • 1963 Graduates from the University of Wisconsin-Eau Claire.
  • 2004 Charlie Menard wins 2004 NASCAR Late Model championship.
  • 2008 Donates $15 million to Eau Claire's Luther Midelfort Hospital.
  • 2011 Son Paul's racing team wins the Brickyard 400.
  • 2012 Retires from the board of Polaris Industries.