Michael Duke

Michael Duke Net Worth

Michael Duke is the CEO of Wal-Mart Stores, the world's largest retailer with nearly $470 billion in sales in 2012 and 2.2 million employees. As the leader of the company, Duke has the power to make or break a company by deciding to stock its product. His influence is immense and his impact on the retail industry is undeniable.

Age, Biography and Wiki

Who is it? CEO, Wal-Mart StoresCEO, Wal-Mart Stores
Birth Day December 07, 1949
Birth Place United States
Age 73 YEARS OLD
Birth Sign Capricorn
Alma mater Georgia Tech
Employer Walmart
Board member of Consumer Goods Forum

💰 Net worth: $9 Million (2024)

Michael Duke, recognized as the CEO of Wal-Mart Stores in the United States, is projected to have a net worth of $9 million by 2024. With his esteemed leadership position in one of the largest retail corporations in the world, Duke has made significant strides in cementing his financial success. Throughout his career, he has demonstrated exceptional business acumen and strategic decision-making abilities, propelling the growth and profitability of Wal-Mart. As a result, his net worth is expected to continue to rise steadily in the coming years, solidifying his status as a highly accomplished and respected figure in the business world.

Biography/Timeline

1971

Duke also serves on the board of Directors for the Retail Industry Leaders Association and Arvest Bank's community advisory board. He formerly held positions with a number of Retailers, including Federated Department Stores, May Department Stores, and Venture Stores. Duke earned a BS in Industrial Engineering from the Georgia Institute of Technology in 1971, where he joined the Delta Sigma Phi Fraternity, and now serves as a member of the institution's advisory board. He sits on the Board of Directors of the Consumer Goods Forum.

1995

Duke joined Wal-Mart in 1995, serving as the executive in charge of the company's international operations. He became the CEO of Wal-Mart in February 2009.

2010

In 2010 he set goals to make Wal-Mart Energy efficient as possible and to open Wal-Marts in countries like Russia. In 2012, his salary was $18.2 million. In 2013, press reports indicated that the total value of Duke's pension, deferred compensation and other retirement accounts totaled over $113 million.

2012

Duke said in 2012 that his biggest regret as CEO was not investing more in e-commerce to better compete with Amazon. "I wish we had moved faster. We've proven ourselves to be successful in many areas, and I simply wonder why we didn't move more quickly. This is especially true for e-commerce," Duke said at the time. "Right now we're making tremendous progress, and the Business is moving, but we should have moved faster to expand this area."

2013

Duke ranked No. 10 on Forbes list of The World’s Most Powerful People in 2013. That same year, Wal-Mart ranked No. 15 on Forbes list of Most Patriotic Brands—and the only retailer on the list—as voted by U.S. consumers. As of November 25th, 2013, Duke's tenure as CEO ended with his sudden replacement decided by Walmart's Board.

Some Michael Duke images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.