LeaderPortfolio
family
H
Rank #637
UNITED STATESFashion & RetailSupermarkets

Hank Meijer & family

Net Worth
$6.383B
0% (24h)
Hank Meijer, born in 1952, is the Executive Chairman of the Meijer supermarket chain. He comes from a family that founded the company in 1934 during the Great Depression. He joined the family business early in life and graduated from the University of Michigan with a degree in literature. The source of his wealth is primarily derived from the success of Meijer supermarkets. He has been instrumental in shaping the company's growth, and his career reflects a blend of business acumen and dedication to community values. His net worth is estimated at $6.3 billion.

The Full Dossier

Early Life and Education

Hank Meijer was born in Grand Rapids, Michigan, in 1952. He is the son of Frederik Meijer and Lena Rader, and the grandson of Hendrik Meijer, who founded the Meijer supermarket chain in 1934. Hank joined the family business at a young age, starting as a grocery clerk. He graduated from Creston High School and later earned a bachelor's degree in literature from the University of Michigan in 1973.

Rise to Success

After a brief career in journalism, Hank Meijer joined the family business in 1979. He rose through the ranks, becoming co-chairman and CEO. During his tenure as CEO, Meijer expanded, and the company maintained family ownership. He is currently the Executive Chairman of Meijer.

Key Business Strategies

Meijer's success is rooted in its pioneering concept of one-stop shopping, offering groceries and general merchandise. The company focuses on providing a comprehensive shopping experience, including fresh food, apparel, electronics, and pharmacy services. The company has continued strategic growth with store openings and planned expansions in the Midwest. Meijer has also implemented innovation, such as their smaller-format Meijer Grocery stores.

Philanthropy

Meijer has a history of community involvement and has been dedicated to enriching the communities they serve. Meijer donates a portion of its profits to strengthen its communities.

Career Timeline

2017

Executive Chairman

Transitioned to Executive Chairman of the Board.

1990

Co-Chairman and CEO

Assumed the role of co-chairman and CEO of Meijer.

1979

Joined Meijer

Began working in the family business.

1973

Graduated from the University of Michigan

Earned a degree in literature.

Philanthropic Impact

Community Enrichment$XB

Community Support

Meijer donates at least 6% of its profits to strengthen communities.

Wealth Trajectory