Frederik G.H. Meijer’s profile picture

Frederik G.H. Meijer

Frederik G.H. Meijer’s profile picture
Net worth 2018: $5 Billion
Country: United States
Children: 3
BIOGRAPHY

Frederik G.H. Meijer was born in United States. Frederik Meijer's Michigan-based chain has moved away from its superstore roots this year, investing in a handful of smaller, more upscale grocery stores called Meijer Marketplace. The 77-year-old company still derives the bulk of its revenues, estimated at $14.2 billion for 2010, from its big-box stores across five states. Meijer's father Hendrik immigrated from the Netherlands in 1900s and opened North Side Grocery in 1934, when Frederik was 14. The duo launched Meijer Thrifty Acres in 1962 and pioneered one-stop shopping, now the staple of competitors like Wal-Mart. Frederik Meijer took over after father's death in 1964. He handed over the business reins to sons Doug and Hank in 1990 but remains chairman.

NET WORTH STATISTIC
2010

$4.9 Billion

2011

$5 Billion

2018

$5 Billion

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