Is Menards publicly traded?
Since Menard, Inc., is not publicly traded, it does not release sales figures. It is generally believed to be the third largest (by sales) home improvement company in the United States, behind The Home Depot and Lowe’s. Every Menards store shares a common structure.
Who owns Menards Home Improvement stores?
What is sold at Menards?
- Appliances. Save BIG money on all major and minor appliances at Menards!
- Bath. Save BIG on bathroom essentials from Menards!
- Building Materials. From the foundation to the roof, Menards has your home covered with quality building materials!
- Doors, Windows & Millwork.
- Electrical.
- Flooring & Rugs.
- Grocery & Home.
- Hardware.
How much is Menards worth?
The net worth of John Menard is around $10 billion as of February 2022, which he has earned by working as a billionaire and entrepreneur. He is the owner and founder of Menards, a home improvement chain in the Midwest. He owns around 89% of the Menard Inc., and it is one of the top 50 retailers in the US with annual revenue of $10 billion.
Who are Menards competitors?
Menards Email Formats
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- [email protected] What is Menards revenue? Menards revenue is $9.6 B How many employees does Menards have?
Is Menards publicly traded?
The nation's No. 3 home improvement retailer, Menards, is privately held; about 90 percent of the company belongs to founder John Menard Jr., a crusty patriarch who makes his employees – even those in the executive suite – clock into work.
What company owns Menards?
Menard, Inc.Menards is an American home improvement retail company headquartered in Eau Claire, Wisconsin. Menards is owned by founder John Menard Jr. through his privately held company, Menard, Inc....Menards.TypePrivate companyOwnerMenard, Inc.Number of employees45,000 (2020)Websitewww.menards.com9 more rows
Is Menards American owned?
A family-owned company started in 1958, Menards® is headquartered in Eau Claire, Wisconsin and has more than 300 home improvement stores located in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, West Virginia, Wisconsin, and Wyoming.
How much is the Menards family worth?
Menard, Jr. is an American entrepreneur and billionaire who a net worth of $20 billion. He is the founder and owner of Menards, a major Midwestern home improvement chain.
Is Menards a conservative company?
A supporter of conservative causes, Menard has donated to the political groups of the Koch brothers.
Is Menards a franchise?
Menard, Inc., a private, family-owned chain with 210 stores, ranks third among retail hardware and home improvement chains with an estimated $6.5 billion in sales in 2005. This 35-year-old operation also has its own lumber yards.
Where does the owner of Menards live?
Eau Claire, WisconsinHe's also a thoroughbred horse owner, with $13 million invested in 31 thoroughbreds, according to the Indianapolis Business Journal in December 2010. The billionaire lives in Eau Claire, Wisconsin with six children. 1940 John Robert Menard Jr. is born in Eau Claire, Wisconsin.
Is Midwest manufacturing owned by Menards?
Midwest Manufacturing produces building materials for the Menards chain, which recently opened a store in Lawrence.
Is Menards debt free?
The debt-free Menard Inc. is wonderfully profitable, booking $451 million of pretax profits for its fiscal year ended January 2000 and posting higher profit margins through the 1990s than Lowe's.
Who's the richest family in Wisconsin?
Richest billionaires in Wisconsin#7. S. ... #6. Helen Johnson-Leipold. ... #5. James Cargill II. ... #4. Judy Faulkner. ... #3. Herbert Kohler Jr & family. ... #2. Diane Hendricks. ... #1. John Menard Jr. - Net worth: $15.4 billion (#120 wealthiest in the world) ... You may also like: Where people in Wisconsin are moving to most.More items...•
How many billionaires live in Wisconsin?
Billionaires are ranked by net worth as of March 31. Forbes lists 8 billionaires in Wisconsin.
How much is Johnny Morris worth?
4.9 billion USD (2022)Johnny Morris / Net worthJohn L. Morris (born 1948) is an American billionaire businessman, and the founder, majority owner, and CEO of Bass Pro Shops, a hunting and fishing retail chain in the US and Canada. As of September 2021, his net worth was estimated at US$7.1 billion.
How many Menards stores did Menards own?
Menard opened his first hardware store in 1964. As of 2014, his company owned 287 Menards stores. As of 2005, Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in Wisconsin.
Why did Menard pay $1.6 million?
In a separate case, the Wisconsin Supreme Court forced Menard to pay $1.6 million to a former legal counsel to compensate for gender discrimination and gross underpayment. In April 2020, Menard was among several businessmen named to the economic advisory group established by President Donald Trump.
What is the Menard donation?
In 2015, Menard donated $10 million to support the Eau Claire Area YMCA. The gift will replace the current five-court LE Phillips Tennis Center that opened in 1972 to become an eight-court indoor tennis center known as the John and Fay Menard YMCA Tennis Center.
What is the name of the tennis center that John and Fay Menard donated to?
The gift will replace the current five-court LE Phillips Tennis Center that opened in 1972 to become an eight-court indoor tennis center known as the John and Fay Menard YMCA Tennis Center. A supporter of conservative causes, Menard has donated to the political groups of the Koch brothers.
How much was Menard fined?
Menard and his company were fined $1.7 million for 21 violations. In 2013 the IRS ordered Menard to pay $6 million in back taxes after he allegedly mischaracterized $20 million as salary, not dividends, deducting it as a business expense.
Who is Paul Menard's father?
He is a former INDYCAR racing team owner, and the father of former NASCAR Cup Series driver Paul Menard. He is the son of John Robert Menard Sr (1917–1988). As of 11 June 2021, Bloomberg Billionaires Index ranked him the 103rd-richest person in the world with a net worth of US$ 18.9 billion.
Who is John Menard?
John Menard Jr. John Robert Menard Jr. (born January 22, 1940) is an American billionaire businessman, and the founder and owner of Menards, a Midwestern chain of home improvement stores. He is a former INDYCAR racing team owner, and the father of former NASCAR Cup Series driver Paul Menard. He is the son of John Robert Menard Sr (1917–1988).
What is Menards?
Menards is an American home improvement retail company with 335 locations in 15 states around the midwest.
History of Menards
While attending the University of Wisconsin-Eau Claire in 1959, John Menard Jr., began financing his college education by building post-frame buildings.
Emergence into Auto Racing
Working with his then neighbor, Herm Johnson, founder John Menard got involved in sponsoring IndyCar racing in the 1980s.
Criticisms and Controversies
In 2007, the Milwaukee Magazine reported that Menards had been cited with more regulatory violations involving air and water pollution and hazardous waste disposal than any other company in the state of Wisconsin.
Menards Stock IPO?
As Menards is a private company, you cannot purchase shares of stock in the company.
Menards Stock – Estimated Value
Since Menards is not currently a publicly-traded company, there is not a price to report on how much a single stock in the company would cost.
Alternative Investments
So, you can’t buy stock in Menards, but you’re determined to buy equity in another home improvement company. What are some of your alternative options?
How many stores does Menards have?
Founded by John Menard Jr., the company operates over 300 stores in 14 states throughout the Midwest.
What is Menards home improvement?
Menards. Menard is the nation's third-largest home improvement chain behind Home Depot and Lowe's. Its stores sell lumber and home improvement products such as hardware, tools and paint. Menard is also involved in residential real estate development, with several large subdivisions under construction and development in Indiana and Illinois.
Where is Menard's store?
His stores, which compete with Home Depot and Lowe's, are concentrated in the middle of the U.S., spanning from Wyoming to Ohio. Menard first started a construction business in 1958, 20 years before Home Depot launched. Menard has developed a reputation for keeping a tight grip on his business, requiring even top executives to punch ...
Who is John Menard?
John Menard makes all the rules--and the billions--at his Midwestern hardware empire. Billionaire hardware mogul John Menard, Jr. and Indiana insurance exec Stephen Hilbert were friends for two decades and business partners for one. They shared vacations in St. Martin and trackside seats at NASCAR races.
What is the slogan of Menards?
Menards’ catchy slogan, “Save Big Money at Menards, ” seemed to jingle relentlessly from every radio and TV, worming its way into the heads of shoppers across America’s heartland. John Menard Jr. Racing spread the store’s name all the more. Team Menard Inc. won the Indy Racing League championship twice.
Who is John Menard?
John Menard Jr. (born 1940) is an American entrepreneur who is the founder and owner of Menards, a major Midwestern home improvement store chain. Menard is also a partner in Robby Gordon Motorsports with NASCAR owner/driver Robby Gordon, and is the father of NASCAR driver Paul Menard.
What did Menard donate to Luther Midelfort Hospital?
In January 2008, Menard gave $15 million to support Luther Midelfort Hospital. The donation will be used for a new emergency services department and to help Mayo Clinic educate and train health professionals.
How old was John Menard when he started selling pole barns?
He worked days on his fledgling business, nights at a local movie theater. It was 1960 and he was just 20 years old.
Why did John's pole building customers frequently ask to buy building materials?
John’s pole building customers frequently asked to buy building materials because lumberyards were closed on weekends. John opened Menards Cashway Lumber to serve them, and upon graduation from college in 1963, turned down a job with IBM to build his own company.
Where was John Menard born?
John Robert Menard Jr. was born in 1940 in Eau Claire, the eldest of eight children. His parents were teachers – John Menard Sr., a University of Wisconsin-Eau Claire math professor; his mother, Rosemary, at St. James the Greater, a Catholic grade school. Before John entered high school, the senior Menard left the university and moved ...
Who was John Menard Jr's marketing partner?
A former Menard racing partner, Cheever once spent an hour and half arguing with Menard over a $25 hotel bill, only to pay it himself. John Menard Jr’ marketing strategy was three-pronged, beginning with a weekly circular that featured low-priced and even free goods like a 75-cent extension cord.
When did Menards start?
Menards® started from an idea. In early 1958 , the farm industry was being revolutionized by more mechanized and convenient dairy systems, which created a demand for low-cost agricultural buildings to house stock and machinery. John Menard Jr., the founder of the company, noticed this need and began to develop an idea for a pole building business.
Where are Menards stores located?
Facilities have been opened in Holiday City, Ohio and Shelby, Iowa as well. These facilities have enabled the company to develop into one of the largest retail organizations in the industry. Today, Menards® is recognized as the retail home center leader of the Midwest with stores in 14 states.
What did John Menard Jr. do?
As a means to finance his education , John Menard Jr. decided to make his dream a reality. After picking up some building knowledge in the summer of 1958, he spent his days working on his first pole buildings and his nights working at a local movie theater while contracting other buildings to keep his crew working.
Who was the president of Menards?
The demand grew to such proportions that when John graduated from college and could devote all of his time to the business, Menards® was formed with John Menard Jr. as president and major stockholder.
What was the first piece of equipment used in the Menards?
This early success prompted the purchase of the first major piece of equipment: a 1946 Chevrolet truck. This truck and an old Ford tractor were the only equipment used throughout 1959.
Overview
John Robert Menard Jr. (born January 22, 1940) is an American billionaire businessman, and the founder and owner of Menards, a Midwestern chain of home improvement stores. He is a former INDYCAR racing team owner, and the father of former NASCAR Cup Series driver Paul Menard. He is the son of John Robert Menard Sr (1917–1988). As of 11 June 2021, Bloomberg Billionaires Index ranked him the 103rd-richest person in the world with a net worth of US$18.9 billion.
Life and education
The oldest of eight siblings in a Catholic family with German, French-Canadian, and Norwegian roots, Menard attended Eau Claire Regis High School. He graduated from the University of Wisconsin–Eau Claire with a degree in business and a minor in psychology. Menard began his career constructing pole buildings with friends from college. He made his home in Eau Claire, Wisconsin. Menard has six children, and married his third wife, Faiha Obaid, in 2008. He is Roma…
Menards
Menard opened his first hardware store in 1964. As of 2014, his company owned 287 Menards stores. As of 2005, Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in Wisconsin.
In 2013, Menard ousted a former investment partner, Stephen Hilbert, a 20% s…
Motorsports involvement
Paul Menard, John Jr.'s son, raced sixteen years in the NASCAR Cup Series, winning the 2011 Brickyard 400. Menard also owns an engine shop in the United Kingdom that produced engines for Team Menard and Robby Gordon Motorsports, the former of which, owned by Menard, won the 1997 and 1999 Indy Racing League championships.
Menards is a primary sponsor of the Team Penske #2 Ford Mustang. They are also primary spon…
Donations
In January 2008, Menard gave $15 million to support Eau Claire's Luther Midelfort Hospital. The donation was used for a new emergency services department and to help the hospital educate and train health professionals. In 2015, Menard donated $10 million to support the Eau Claire Area YMCA. The gift helped replace the five-court LE Phillips Tennis Center that opened in 1972 to become an eight-court indoor tennis center known as the John and Fay Menard YMCA Tennis C…
External links
• Forbes.com: Forbes World's Richest People