Hank and Doug Meijer Net Worth $5 Billion
Hank and Doug Meijer are the Co-Chairmen of Meijer, Inc. and they have an estimated net worth of $5 billion as of March 2013. In the “Forbes 40” list, they’re rated 69th. They’re recorded 248th among the World Billionaires. Hank are a part of the richest individuals in Michigan. Hank and Doug are the grandsons of Henrik Meijer who appetizer the grocery store chain during the great depression. Their dad, Frederik Meijer worked at the first location when he was 14. Their father went to take on the family business and grew it into a massive grocery store empire. The Meijer brothers got their estimated net worth of $5 billion when they took within the organization from their dad in 1990 who stayed active in the business until his death November 2011. Founded in 1934, Meijer, Inc. is a grocery chain based in Michigan. It initiated the superstore in 1962 when its combined grocery store and department stores began managing beneath the Thrifty Acres banner. In 2012, the company’s sales were around $15 billion and the majority of these came from its 190 Meijer stores in five states. The company has been fairly successful before the early 90’s when WalMart came to be their adversary. To be able to stay competitive, it’s been restructuring, changing its picture, shuffling employees, and laying off others since the early 2000’s.