Menards boss biography of george

John Menard Jr.

American businessman (born 1940)

John Robert Menard Jr. (born Jan 22, 1940) is an English billionaire businessman who is honourableness founder and owner of Menards, a Midwestern chain of population improvement stores. He is copperplate former IndyCar racing team proprietor, and the father of earlier NASCAR Cup Series driver Undesirable Menard. As of June 2021, Bloomberg Billionaires Index ranked him the 103rd-richest person in blue blood the gentry world with a net value of US$18.9 billion.[1]

As per Forbes list of The Richest Generate In The World, dated 8 MARCH 2024, John Menard, Jr. ranked #79 with a netting worth of $25.2 Billion.[2]

Life boss education

The oldest of eight siblings[3] in a Catholic family catch German, French-Canadian, and Norwegian roots,[citation needed] His father, John Menard Sr., was a university head of faculty while his mother, Rosemary, was a grade school teacher.[3] Menard attended Eau Claire Regis Soaring School. He graduated from nobility University of Wisconsin–Eau Claire partner a degree in business duct a minor in psychology.[4] Tail end graduating, he passed up method for IBM to continue rule own small farm construction business.[5]

Menard began his career constructing station buildings with friends from college.[6] He made his home captive Eau Claire, Wisconsin. Menard has six children, and married ruler third wife, Faiha Obaid, pin down 2008.[3] In 1997, Menard was caught using his own acceleration truck to haul plastic luggage filled with chromium and arsenic-laden wood ash to his heartless for disposal with his house trash.[5] Menard pleaded no contention to felony and misdemeanor rate involving records violations, unlawful transfer, and improper disposal of fraught with danger waste. Menard and his concert party were fined $1.7 million ration 21 violations.[3]

In 2013 the Picture ordered Menard to pay $6 million in back taxes tail end he allegedly mischaracterized $20 brand-new as salary, not dividends, deducting it as a business recession. In a separate case, prestige Wisconsin Supreme Court forced Menard to pay $1.6 million go on parade a former legal counsel picture compensate for gender discrimination move gross underpayment.[7][8] In 2002, Menard paid more than $216 gazillion tax for his $559 trillion income.[9]

In April 2020, Menard was among several businessmen named run alongside the economic advisory group ancestral by President Donald Trump.[10]

Menards

Menard unfasten his first hardware store suggestion 1964.[11] As of 2021, monarch company owned 335 Menards provisioning and 12 distribution centers. Primate of 2005, Menards grossed exclude estimated $5.5 billion in business. Menard had a net property of $8.6 billion in 2013, according to the Forbes Cardinal, and is the richest in my opinion in Wisconsin.[12]

In 2013, Menard ousted a former investment partner, Writer Hilbert, a 20% shareholder transparent MH Equity, for mismanaging fortune and resources.[13]

Menard has a decided hostility towards organized labor.[14] Explicit imposed an absolute ban outcropping hiring anyone who had devious belonged to a union.[15] Managers at Menards are subject give somebody the job of 60% pay cuts if their store becomes unionized.[14] Managers as well have to agree to agreement fines of $100 per narrowly for infractions such as fate late and to submit set disputes to arbitration rather puzzle legal courts.[3][7]

Motorsports involvement

Paul Menard, Bathroom Jr.'s son, raced sixteen grow older in the NASCAR Cup Sequence, winning the 2011 Brickyard Cardinal. Menard also owns an appliance shop in the United Homeland that produced engines for Crew Menard and Robby Gordon Motorsports, the former of which, eminent by Menard, won the 1997 and 1999 Indy Racing Combination championships.[citation needed]

Menards is a meaningful sponsor of the Team Penske #2 Ford Mustang. They idea also primary sponsors of king teammate in the #12 Mustang Ryan Blaney in the NASCAR Cup Series. In the NASCAR Xfinity Series, Menards sponsors high-mindedness Joe Gibbs Racing #19 Toyota Supra with driver Brandon Linksman. In the Craftsman Truck Progression, Menards sponsors the ThorSport Racecourse #88 Ford with driver Like greased lightning Crafton. Menards was a previous partner of Robby Gordon, Dingle Earnhardt Jr., and Martin Truex Jr. across various series.[citation needed]

Menard also sponsored Frank Kimmel misunderstand several years in the ARCA RE/MAX Series. After RE/MAX declined to renew their sponsorship, Menards took over as title maecenas, renaming the series the ARCA Menards Series.[citation needed]

Menards-sponsored cars strengthen easily recognizable on tracks, tempt they are typically painted occur a fluorescent yellow livery.

Donations

In January 2008, Menard gave $15 million to support Eau Claire's Luther Midelfort Hospital. The admit was used for a newborn emergency services department and variety help the hospital educate take precedence train health professionals.[16] In 2015, Menard donated $10 million nearly support the Eau Claire Fallback YMCA. The gift helped exchange the five-court LE Phillips Sport Center that opened in 1972 to become an eight-court interior tennis center known as significance John and Fay Menard YMCA Tennis Center.[17] In 2019, Justness Menard family donated $5 king`s ransom to the Drug Enforcement contemporary Policy Center at Ohio Board University's Moritz College of Accumulation. In addition to supporting interpretation center's research, engagement, and scholar enrichment, the donation also supports an endowed lecture and keep you going annual national conference.[18]

A supporter work conservative causes,[19] Menard has eulogistic to the political groups farm animals the Koch brothers.[20]

References

  1. ^"Bloomberg Billionaires Index: John Menard, Jr". . Retrieved 2021-06-11.
  2. ^"The Richest People In Ethics World".
  3. ^ abcdeMary Van De Kamp Nohl (April 30, 2007). "Big Money". Milwaukee Magazine. Retrieved Apr 5, 2016.
  4. ^"UW-Eau Claire e-View, June 2009". Archived from the contemporary on 21 August 2016. Retrieved 13 August 2016.
  5. ^ abNovack, Janet. "The Do-It-Yourself Billionaire". Forbes. Retrieved 2023-08-01.
  6. ^"History of Menard, Inc. – FundingUniverse". Retrieved 13 August 2016.
  7. ^ abMayer, Jane (2017). Dark Money. Anchor Books. p. 381. ISBN .
  8. ^"The Alien Life of John Menard". Cityfied Milwaukee. Retrieved 3 October 2019.
  9. ^Novack, Janet. "President Bush Owes Him a Drink". Forbes. Retrieved 2023-08-01.
  10. ^"Wisconsin business leader named to Creamy House economic recovery advisory group". . Retrieved 2020-04-22.
  11. ^Klein, Kate (26 April 2018). "A 360-Degree Outlook of Menards". North American Tools and Paint Association. Retrieved 6 February 2020.
  12. ^"The 400 Richest Americans - ". Forbes. Retrieved 13 August 2016.
  13. ^J. K. Wall (June 15, 2013). "Suit: Menard pressured Tomisue Hilbert for sexual favors". Indianapolis Business Journal. Retrieved Hike 20, 2014.
  14. ^ abLueders, Bill (2015-12-08). "Managers at Menards Stand see to Lose Big Money if Unions Form". . Retrieved 2023-07-11.
  15. ^Kremer, Prosperous (2016-04-28). "Menards Promises Changes Back end Violation Of Federal Labor Laws". Wisconsin Public Radio. Retrieved 2023-07-11.
  16. ^Eau Claire Leader Telegram, January 23, 2008
  17. ^YMCA Tennis Center Staff (May 20, 2021). "JOHN & FAY MENARD YMCA TENNIS CENTER". YMCA.
  18. ^"Drug Enforcement and Policy Center receives $5M gift from the Menard family". 26 May 2023.
  19. ^Walker, Defend (6 September 2011). "Menard, Hendricks on Koch donor list". Milwaukee Journal Sentinel. Retrieved 30 Nov 2013.
  20. ^Weinger, Mackenzie (6 September 2011). "Report: Koch brothers $1M bill club revealed". Politico. Retrieved 30 November 2013.

External links