What is the salary of the CEO of Costco? (2024)

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What is the salary of the CEO of Costco? ›

For Craig Jelinek's final year as Costco CEO, the 71-year-old is going out with a financial bang. Jelinek's base salary for 2023 was $1.1 million, add to that stock awards of nearly $15 million and other compensation, for a total package worth a very respectable $16.8 million, per Costco's most recent proxy filings.

W Craig Jelinek's Net Worth

W Craig Jelinek has an estimated net worth of $211 Million. This is based on reported shares in COSTCO WHOLESALE CORP /NEW.

Walmart CEO Doug McMillon received $26.9 million in total compensation last fiscal year. The median compensation for Walmart employees was $27,642, per the company's annual proxy statement. Since 2009, McMillon has been paid $136 million for his work as a Walmart executive.

The estimated average pay for Vice President at this company in California is $142,584 per year, which meets the national average.

The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.

The ownership structure of Costco (COST) stock is a mix of institutional, retail and individual investors. Approximately 45.96% of the company's stock is owned by Institutional Investors, 0.82% is owned by Insiders and 53.22% is owned by Public Companies and Individual Investors.

Chris Kempczinski got a raise before he got a new title. The CEO and now chairman of McDonald's was paid $19.2 million last year in salary, bonuses and stock, according to federal securities filings. That was an 8% increase over 2022.

Amazon CEO Andy Jassy's compensation for 2023 totaled $29.2 million, including his base pay, the value of shares that vested during the year, and security costs, according to a new filing by the company. That was down 12% from $33.2 million in compensation in 2022.

Brian Cornell, chairman and chief executive officer of Target Corp., saw his compensation package decrease by 10.6 percent to $17.7 million last year from $19.8 million in 2021 as his bonus and incentive pay declined.

Can you make a living at Costco? ›

Working at Costco isn't typically considered a sustainable career, but the company has better wages and benefits than some of its competitors. According to ZipRecruiter, the average hourly pay for a Costco employee in the U.S. is $20.52 per hour, or $42,688 per year, which is about the same as a teacher's.

As a result, Costco's average sales per warehouse amounted to 252 million U.S. dollars that year. The average number of sales at Costco has risen in recent years from 155 million U.S. dollars per warehouse in 2012 to 252 million U.S. dollars per warehouse in 2023.

Additionally, Costco offers bonuses for employees after five years. If you have been working at Costco for five years or longer, you can receive an average of $4,000 in bonuses annually.

As of May 3, 2024, the average hourly pay for a Costco Employee in the United States is $22.20 an hour.

Yes, but it may be more difficult to find employment at Costco without completing high school or getting your GED. Is Costco hard to get hired? Costco is not hard to get hired at, but it does require some preparation. You'll need an up-to-date resume and references from previous employers to apply for a job there.

You can read more about our editorial guidelines and our products and services review methodology. 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 retail history.

Costco's profits in fiscal 2023 amounted to $6.29 billion. As it turns out, though, $4.58 billion of that profit -- 73% of the total -- had nothing to do with product sales. That money came from the membership fees that customers pay just to enter Costco's retail warehouse locations.

Costco has a market cap or net worth of $339.27 billion as of May 8, 2024. Its market cap has increased by 54.99% in one year.

Costco gross profit for the twelve months ending February 29, 2024 was $30.837B, a 9.02% increase year-over-year. Costco annual gross profit for 2023 was $29.704B, a 7.73% increase from 2022. Costco annual gross profit for 2022 was $27.572B, a 9.22% increase from 2021.