BillionaireNet
family
D
Rank #604
UNITED STATESFashion & RetailSupermarkets

Doug Meijer & family

Net Worth
$6.192B
0% (24h)
Doug Meijer, a key figure in the American retail industry, is the co-chairman of the Meijer supermarket chain, which was founded in 1934. Born in 1955, he holds a Bachelor of Arts/Science from the University of Michigan. Doug has played a pivotal role in the growth and success of Meijer, expanding the company's reach and market share. He, along with his brothers Hank and Mark, serves on the board of directors. Doug is known for his commitment to philanthropy and community service, and he has openly discussed his ongoing struggle with depression since 2011. Doug's net worth is estimated at $6.4 billion, ranking him among the wealthiest individuals globally.

The Full Dossier

Early Life

Douglas Meijer was born in 1955 in Greenville, Michigan. He is the grandson of Hendrik and Gezina Meijer, who founded the Meijer supermarket chain in 1934. Doug's father, Frederik Meijer, later expanded the business. He grew up in Grand Rapids, Michigan, where Meijer headquarters is located. Doug graduated from the University of Michigan with a degree in business administration.

Rise to Success

Doug Meijer joined the family business and rose through the ranks, eventually becoming the co-chairman of the company. He served as co-CEO with his brother Hank from 1990 to 2017, during a period of significant expansion. Under his leadership, Meijer has grown to become one of the largest supermarket chains in the United States, with 500 stores across the Midwest and estimated revenues of $22 billion.

Key Business Strategies

Meijer's key business strategies include pioneering the supercenter model, which combines groceries with general merchandise. The company focuses on providing a one-stop shopping experience for customers. Meijer has also expanded its retail presence through new supercenters and smaller-format grocery stores. The family-owned company focuses on long-term growth and community initiatives.

Philanthropy

Doug Meijer and his family are committed to philanthropy through family foundations. They support hunger relief programs and organizations addressing mental health. The Simply Give program reached a $100 million donation milestone.

Career Timeline

2017

Stepped Down as Co-CEO

Ended his tenure as co-CEO of Meijer.

1990

Co-CEO

Became co-CEO of Meijer.

1976

Education

Graduated from the University of Michigan with a bachelor's degree in business administration.

1955

Born

Douglas Meijer was born.

1934

Meijer Founded

Hendrik Meijer founded the US supermarket chain Meijer in Greenville, Michigan.

Philanthropic Impact

Hunger Relief$100M

Simply Give Program

Supports hunger relief.

Wealth Trajectory