Doug McMillon Biography: Children, Wikipedia, Net Worth, Age, Parents, Height, Wife, Children

Carl Douglas McMillon is an American businessman currently serving as the president and chief executive officer (CEO) of Walmart Inc.

He also sits on the retailer’s board of directors. McMillon began his career at Walmart as a summer associate in high school and later became the company’s fifth CEO in 2014.

Before assuming the CEO role, he led Walmart’s Sam’s Club division from 2005 to 2009 and Walmart International from 2009 to 2013.

Profile

• Full Name: Carl Douglas McMillon
• Stage Name: Doug McMillon
• Born: October 17, 1966
• Age: 58 years old
• Birthplace: Memphis, Tennessee, U.S.
• Nationality: American
• Occupation: American businessman
• Height: 1.78 m
• Parents: Morris McMillon ,Laura McMillon
• Siblings: Lori Haynie
• Spouse: Shelley McMillon
• Children: Blake McMillon ,Spencer McMillon
• Relationship: Married
• Net Worth: $407 million and $440 million

Early Life And Education

Carl Douglas McMillon was born on October 17, 1966, in Memphis, Tennessee, United States.

He is the eldest of three children born to Laura and Morris McMillon, a dentist who served in the Vietnam War.

Doug has two siblings: Lori Haynie, an executive officer at Mahco Inc., and a brother whose name is not widely reported.

McMillon earned a Bachelor of Science in Business Administration from the University of Arkansas in 1989.

After completing his undergraduate studies, he pursued a Master of Business Administration (MBA) at the University of Tulsa, graduating in 1991.

He is of Caucasian ethnicity and has practised Christianity as his religion.

Career

Doug McMillon began his career with Walmart in 1984 as an hourly associate unloading trailers. Over the years, he progressed through various roles, including store assistant and buyer for fishing tackle.

McMillon attended the University of Arkansas, earning a bachelor’s degree in 1989, then pursued an MBA at the University of Tulsa.

After completing his studies, he rejoined Walmart as an assistant manager in Tulsa, Oklahoma, eventually becoming the CEO of Sam’s Club in 2005.

As CEO of Sam’s Club, McMillon focused on marketing to small business customers and introduced “treasure hunt” items like luxury goods alongside bulk products to compete with Costco.

In 2009, he transitioned to lead Walmart International, focusing on improving existing markets and expanding Walmart’s presence globally. His leadership helped the international division grow significantly, with sales surpassing those of Walmart’s U.S. operations by 2013.

In 2014, McMillon became Walmart’s fifth CEO, taking over the company during a time of slowing growth and increased competition from rivals such as Amazon and Costco. He prioritized raising wages for hourly workers and enhancing Walmart’s e-commerce capabilities.

Under his leadership, Walmart invested $2.7 billion in wage increases and benefits, affecting 40% of the company’s U.S. workforce.

McMillon has also taken stances on social and political issues, such as urging Arkansas’ governor to veto a controversial “religious freedom” bill and halting the sale of Confederate flag merchandise.

He also introduced changes to Walmart’s gun sales policy and led the company to stop selling ammunition for handguns and military-style weapons in 2019.

In 2023, McMillon’s compensation was $27 million, highlighting his significant role in Walmart’s ongoing transformation.

Social Media

• Instagram handle: @dougmcmillon
• Facebook handle: Doug McMillon

Personal Life

Doug McMillon, the American businessman and CEO of Walmart Inc., is married to Shelley McMillon.

The couple resides in Bentonville, Arkansas, and has two sons, Blake McMillon and Spencer McMillon.

Net Worth

Doug McMillon’s net worth is estimated to be between $407 million and $440 million as of early 2025.

His wealth primarily comes from his substantial ownership of approximately 4.8 million Walmart shares, valued at around $438 million.

Additionally, his salary as CEO significantly contributes to his financial status.