Hank & Doug Meijer Net Worth

Hank and Doug Meijer Net Worth

Real Name: Hank and Doug Meijer
Date of Birth: 1/1/1952
Place of Birth: Michigan

2019 Net Worth: $5 Billion Each/ $10 Billion Combined
2018 Earnings:

Profession: Owners of Meijer’s Grocery and Discount Store Chain

Hank and Doug Meijer Biography

Meijer’s Grocery store was founded in 1934 in Greenville, Michigan, by Hendrik Meijer, a Dutch immigrant barber who got into the grocery business during the Great Depression. Hank and Doug are his grandsons who are now the CEO and Co-Chair, respectively, of this huge chain of stores that offers gas stations, car washes, and has more than 213 stores.

Hank and Doug have had control of the family business since 1964 when their father retired. Meijer’s has tried to remain successful and flexible in their business plans such as opening  a small chain of clothing stores, called Tansy, then selling them. They also opened a handful of more upscale stores featuring more expensive, exotic foods called Meijer Marketplace in Chicago. The bulk of the company’s revenues, however, come from their 213 big box type stores in 5 Midwestern states with annual revenue in the area of $15 billion.

Hank and Doug have tried to keep their stores interesting, offering items most other stores did not at the time. Many stores built in the late 70’s and 80’s featured balconies which had barber shops, nail salons, and gas stations attached to the sides of the buildings. During the 1990’s, some stores featured McDonalds restaurants inside, and today some have Subway restaurants or Starbucks locations inside the store.

Hendrik G. Meijer, born in 1952, is the elder of the two brothers and is currently CEO and Co-chair. He is very passionate about history and has written a biography of US senator Arthur Venderberg, and another autobiography of his grandfather and namesake.

Doug Meijer, born in 1955, attended college at the University of Michigan, where he earned a Bachelor of Science degree. He went to work for the family business right out of college and is Co-chair of the company.

Both Hank and Doug have a net worth of approximately $5 billion each, or $10 billion combined. Having their finger on the pulse of the American shopper has really paid off for these brothers with outstanding earning power and net worth.

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