Who owns Costco right now?

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders as of September 2024 are: The Vanguard Group (9.40%) BlackRock (7.56%)

Who actually owns Costco?

Costco is a publicly traded company, meaning it is owned by its shareholders. There is no single owner.

Who is the biggest shareholder of Costco?

Costco Stock Ownership FAQ

Who owns Costco? Costco (NASDAQ: COST) is owned by 69.02% institutional shareholders, 0.84% Costco insiders, and 30.14% retail investors. Vanguard Group Inc is the largest individual Costco shareholder, owning 43.36M shares representing 9.78% of the company.

What nationality is the owner of Costco?

Walter Craig Jelinek (born August 8, 1952) is an American businessman who served as president and CEO of Costco from 2012 to 2023, when he succeeded the company's founder, James Sinegal.

What company did Costco merge with?

Over the next decade, both Price Club and Costco Wholesale continued to innovate and grow, and in 1993, the two mega-retailers merged, creating a gifted leadership team that soon made Costco the world's most successful warehouse club.

SHOCKED at Costco in Canada!

Is Costco owned by Walmart?

Sam's Club is a subsidiary of Walmart, while Costco is a publicly traded company. Costco is considered the original warehouse store, because it began a discount warehouse in 1976 under the name Price Club. Costco as it is known today, opened its doors for the first time in 1983–the same year as Sam's Club.

Who is the CEO of Costco?

Ron VachrisPresident, CEO and Director

Ron M. Vachris has been a director of the Company since February 2022, and Chief Executive Officer and President since January 2024. Mr. Vachris previously served as President and Chief Operating Officer from February 2022 to January 2024.

What is the religion of the owner of Costco?

Sinegal: I was raised and educated as a Catholic. I would not suggest to you that I am a practicing Catholic today, although I still consider myself a Catholic. I am involved in many Catholic charities, mainly because I have that background. I am a trustee on the board of Seattle University, a Jesuit University.

How much does Costco CEO earn?

Since becoming CEO of the wholesale club in January, Ron Vachris received a compensation package worth more than $12.2 million in the 2024 fiscal year, according to the company's latest proxy statement filed Wednesday with the SEC.

What does Costco stand for?

Although there's no official verification, it's generally accepted that Costco's name originates as an amalgamation of 'Cost Company. ' This is due to the brand's goal of helping customers save money and manage their spending.

Is Bill Gates a shareholder in Costco?

Bill Gates Costco Wholesale Corp

The first Costco Wholesale trade was made in Q3 2002. Since then Bill Gates bought shares ten more times and sold shares on four occasions. The investor sold all their shares in Q4 2012 and doesn't own any shares in Costco Wholesale anymore.

How much does a Costco membership cost?

Gold Star Membership: $65.00 Annual membership fee* Includes a free Household Card. Valid at all Costco locations worldwide.

How rich is the person who owns Costco?

The estimated net worth of James D Sinegal is at least $1.2 Billion dollars as of 2025-08-30. James D Sinegal is the Director of Costco Wholesale Corp and owns about 1,279,536 shares of Costco Wholesale Corp (COST) stock worth over $1.2 Billion. Details can be seen in James D Sinegal's Latest Holdings Summary section.

How many employees does Costco have?

We believe that people are at the heart of everything we do — our 310,000 employees, the communities we operate in, and our suppliers.

What is the most important item sold by Costco CEO?

But the wholesale chain's CEO says the items you pull off the warehouse's extra-large shelves are of secondary importance to what you carry in your wallet. "The most important item we sell is the membership card," Ron Vachris told Fortune in an interview last month.

Who is the highest paid CEO ever?

Tesla has again cemented Elon Musk's status as the highest-paid CEO in history, granting him a new $29 billion compensation package—now structured as 96 million restricted shares. The award comes after years of legal wrangling over his original 2018 mega-grant, which was twice struck down by Delaware courts.

What did Costco CEO say about hot dogs?

In 2009, the Seattle Times asked Costco co-founder (and then-CEO) Jim Sinegal, "If [the price of the hot dog] ever goes up, what will it mean?" Sinegal replied, "That I'm dead."

Who is the largest owner of Costco?

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders as of September 2024 are: The Vanguard Group (9.40%) BlackRock (7.56%)

Is the owner of Chick Fil A Mormon?

S. Truett Cathy was a devout Southern Baptist; his religious beliefs had a major impact on the company. The company's official statement of corporate purpose says that the business exists "To glorify God by being a faithful steward of all that is entrusted to us.

Is Ron Vachris Greek?

Kudos to Ron Vachris, this hard-working Greek-American compatriot! We are so proud of the work ethos, resilience, tenacity, and most of all philotimo shown by the new generations, the children of Greek immigrants.

Where is the largest Costco in the world?

In this case, though, the title for the state with the world's largest Costco goes to Utah. By an impressive margin, the Salt Lake City Costco takes the cake for the world's largest, coming in at a whopping 235,000 square feet.

Who are the famous Costco guys?

Andrew "A.J." Befumo Jr. (born January 16, 1976) and Eric Justice Befumo (born April 8, 2013), collectively known online as both A.J. & Big Justice and the Costco Guys, are American social media personalities based in Boca Raton, Florida.