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  3. www.businessinsider.com › meet-costco-cofounderMeet Costco Cofounder Jim Sinegal: Life, Career, Family

    Sep 16, 2020 · Sinegal had a net worth of more than $120 million in 2005 largely due to his stake in the warehouse retailer, according to The New York Times. By 2018, that stake was worth $263.2 million, The...

  4. www.celebritynetworth.com › jim-sinegal-net-worthJim Sinegal Net Worth | Celebrity Net Worth

    • What Is Jim Sinegal's Net Worth and Salary?
    • Costco Shares
    • Salary
    • Early Life
    • Costco
    • Hot Dog Quote
    • Personal Life

    Jim Sinegal is an American business executive who has a net worth of $500 million. Jim Sinegal has earned his fortune as the co-founder and former CEO of Costco, the largest membership retail chain in the United States. Sinegal co-founded Costco with Seattle retailer Jeff Brotman in 1983. He retired as CEO in 2012 and retired from the Board of Dire...

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    At the time he retired from the Board of Directors in 2018, Jim owned 1.3 million shares of Costco. At that time Costco stock was trading at around $200 a share, which meant his stake was worth $260 million. Up to that point Jim had already sold $120 million worth of shares over the prior two decades. It's not exactly clear what happened to those 1...

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    Jim Sinegal famously accepted a relatively modest annual salary compared to his Fortune 500 peers. Jim's base salary was $350,000. Many executives of similarly-sized companies spent more per year on personal security. In 2010, Sinegal earned $3.5 million with his stock options factored in. The median salary and compensation for other Fortune 100 CE...

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    James Sinegal was born on January 1, 1936, into a working-class Catholic family in Pittsburgh. His family moved to San Diego while he was in high school and he graduated from Helix High School. He got his AA degree at San Diego City College and his BA from San Diego State University in 1959. While he was in college, he got a job as a grocery bagger...

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    In 1983, Sinegal co-founded Costco with Seattle retailer Jeff Brotman. A decade later, Costco merged with the pioneer of the warehouse discount concept, the Price Company. Costco is now one of the largest retailers in the world. There are approximately 800 Costco stores in the world. In 1993, the growing competition was threatening both Costco and ...

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    Costco has famously kept the price of hot dogs from its restaurants locked at $1.50 even as inflation raised the prices of many other products. According to legend, one day Craig Jelinek approached Sinegal and complained that the company was losing money on every hot dog it sold. Here's how the conversation allegedly went, according to an interview...

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    Sinegal and his wife Janet met in college at SDSU. They have three grown children. They live in a waterfront mansion on Lake Washington where their neighbors include Steve Ballmerand John Nordstrom.

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  5. en.wikipedia.org › wiki › James_SinegalJames Sinegal - Wikipedia

    Investors who bought $10,000 of Costco stock in 1992 found it worth $43,564 just ten years later — a return of 354% (15.855%, annually). From 1985, when Costco went public, to 2020, the company's stock value increased 19,000%. In 2009, Sinegal was named a TopGun CEO by Brendan Wood International, an advisory agency. Retirement

  6. www.msn.com › en-us › moneyThe Man Behind Costco’s Empire Is a Billionaire - MSN

    From humble beginnings as a grocery bagger to becoming a billionaire business mogul, James Sinegal, co-founder and retired CEO of Costco Wholesale, has etched his name into the annals of American...

  7. wallmine.com › people › 6856James D Sinegal Net Worth (2024) | wallmine

    Sep 16, 2017 · The estimated Net Worth of James D Sinegal is at least $678 Million dollars as of 19 September 2017. James Sinegal owns over 30,000 units of Costco Wholesale Corp stock worth over $556,661,568 and over the last 21 years James sold COST stock worth over $121,303,080.

    Date
    Trans. Transaction
    Shares
    Price Per Share
    19 Sep 2017
    Sale
    30,000
    $192.06
    24 Mar 2017
    Sale
    100,000
    $166.35
    16 Dec 2016
    Sale
    65,000
    $164.07
    7 Oct 2016
    Sale
    20,114
    $149.02

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  8. www.seattletimes.com › business › retiring-ceo-ofRetiring CEO of Costco takes a look back on his legacy

    Dec 17, 2011 · T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt ; ... As Sinegal’s days of wearing the silver ID badge reserved for 25-year employees wane, he talks about how it ...

  9. www.businessinsider.com › costco-ceo-jim-sinegalsCostco CEO Jim Sinegal's Success Story - Business Insider

    Nov 27, 2012 · Retail. How The Costco CEO's College Job Turned Into His Big Break. Ashley Lutz. Nov 27, 2012, 12:23 PM PST. Costco founder Jim Sinegal is worth an estimated $150 million. His strategy and...

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