Jim Sinegal Birthday Highlights
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Jim Sinegal Facts
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
About Jim Sinegal James D. Sinegal also known as Jim Sinegal, is a retired American businessman, co-founder, and former CEO of Costco Wholesale Corporations.Jim was born to a Catholic family on January 1, 1936. The billionaire businessman was born and raised in Pittsburgh, Pennsylvania.Jim Sinegal graduated from San Diego University with a Bachelor of Arts degree. He co-founded an international retail chain Costco Wholesale Corporations with Jeff Brotman in 1983 (a company that provides retail services for goods and services like pharmacies and gas stations).Discover more about Jim’s life, career, family, net worth, and other trivia.Jim Sinegal Net Worth, Earnings & Spending HabitsWhat is Jim Sinegal’s net worth?Jim Sinegal’s net worth is approximately $2 billion. Jim got his fortune from his company Costco while he was still working.How much does Jim Sinegal earn per year?Jim Sinegal, former CEO of Costco earned $350,000 per year during his tenure. His modest source of income has ranked him among one of the wealthiest businessmen in the world.Height, Age & Physical AttributesHow tall is Jim Sinegal?Currently, there is no information regarding Jim’s heightHow old is Jim Sinegal?On the first day of every new year, Jim celebrates his birthday. The former Costco CEO clocked 86 in January 2022.Childhood And EducationAmerican businessman and co-founder of Costco, James D. Sinegal, was born on January 1, 1936. Jim was born and raised by his Catholic parents in Pittsburgh, Pennsylvania. He started his elementary school education at St. Lawrence O’Toole Primary School. He attended Central Catholic High School, Pittsburgh, and Helix High School, La Mesa, California.In 1955, Jim earned an AA at San Diego City College. He graduated from San Diego University with a Bachelor of Arts degree in 1959. Not much is known about his family members.Family, Romance, And RelationshipsWho is Jim Sinegal’s partner?Jim Sinegal is married to Janet. Jim and Janet have been married for a long time and have three children together. One of his children, David Sinegal owns and operates the California-based Sinegal Estate Winfrey.Career And Professional HighlightsBest Known As…Jim Sinegal is best known as the co-founder of the international retail company Costco Wholesale Corporations.Jim began his first job at FedMart in 1955, where he fell in love with the retail business. At FedMart, Jim started as a grocery bagger. He worked actively and earned himself the position of executive vice president for the merchandising and operations department of the company. Later on, Jim moved to Builders Emporium, where he also served as the vice president of merchandising from 1977-1978. From 1978-1979, Jim also worked as an executive vice president at Price Company before moving to Sinegal/Chamberlin and Associates from 1979-1983.In 1976, Jim Sinegal co-founded Costco Wholesale with Seattle retailer Jeff Brotman. Costco Wholesale is an international retail chain dedicated to providing the best prices on brand-name merchandise. The company’s first location was in a converted airplane hangar in San Diego. At that time, the company was still under Price Club. Costco is currently one of the largest retailers in the world, ranking third in the world. Costco included fresh food, pharmacies, gas stations, and eye care clinics in its mix of goods and services, making it the first ‘warehouse club’ to do this.In 1993, Jim was invited to a partial merger with Price Company due to the threatening competition both Costco and Price Company were facing. The merger was sealed, and the new company name was PriceCostco, Inc. The incorporated company focused solely on expanding trades in other parts of the world. However, the merger did not last for long because Robert Price of Price Company and Jim Sinegal of Costco had different approaches to business and recovery policies. In 1994, the break-up was officially announced, with Price breaking out to become Price Enterprises. The incorporated name remained with Costco for a while until Sinegal changed the name to Costco Wholesale in 1997.Till he retired, Jim Sinegal was the CEO of the company. He was fond of traveling to every branch of the company yearly to inspect and check the company’s progress. While he was still in office, Jim had a kind-hearted management style which made many employees stay back to work for the company. He believes that when employees are well-treated, they serve customers rightly and happily. Sinegal provided high compensations and benefits for all his employees, thereby lowering the company’s employee turnover rate.Jim Sinegal retired as the CEO of Costco Wholesale after over three decades of working at the company. He handed over the baton of leadership to his Costco colleague Craig Jelinek on January 1, 2012, and served as the Company Advisor and Director. In January 2018, he tendered his retirement letter as a member of the Board of Directors.Other Interesting Jim Sinegal Facts And TriviaJim has an honorary doctorate from Dartmouth College.He is a devoted member of the Democrat and has hosted former US President Barack Obama at his home on two occasions. He also spoke at the Democratic National Convention in 2012.A documentary from CNBC stated that Costco’s stock value increased by 5000% from 1985 until Sinegal’s retirement. We would love your help! If you have a photo of Jim Sinegal, either of them alone or a selfie that you would be happy to share, please send it to [email protected].If you have knowledge or information that you think would help us improve this article, please contact us.
Jim Sinegal Birthday Highlights
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Jim Sinegal Facts
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
James D. Sinegal also known as Jim Sinegal, is a retired American businessman, co-founder, and former CEO of Costco Wholesale Corporations.
Jim Sinegal Birthday Highlights
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Jim Sinegal Birthday Highlights
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Birth Name James Sinegal
Place Of Birth Pittsburgh, USA Age 88 years old
Birth Date December 31 1935
Jim Sinegal Facts
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
Jim Sinegal Facts
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
Child Star? no Occupation Businessman Education & Qualifications San Diego University Net Worth $2,000,000,000
Current Partner Janet Children David Sinegal, Suzanne Sinegal McGill
