David William Grainger Net Worth is$1.1 Billion
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David William Grainger Ne Worth: David William Grainger is an American businessman who has a net worth of $1.1 billion. Mr. Grainger entered the billionaire circles thanks to W.W. Grainger, an industrial supply company set up by his father William W. Grainger in Chicago in 1927. Apart from being the biggest individual shareholder, David has been actively involved in the company's operations since 1952, after which shortly he started to serve as Director. He remained in that capacity until 2007. After he stepped down, a former sales manager blamed the company for over billing the US government in supply contracts. The company managed to settle the case with the government out of court for $6 million, without admitting any wrongdoing in the process. In February 2013 W.W. Grainger was rumored to be a on the list of possible buy-up targets for Warren Buffet's cash-filled Berkshire Hathaway. Also, the company's stock remained recession-proof during the financial crisis and the value of W.W. Grainger stock has almost tripled in the past five years.
W. W. Grainger, Inc. is a Fortune 500 industrial supply company founded in 1927 in Chicago. Grainger's catalog includes such offerings as motors, lighting, material handling, fasteners, plumbing, tools, and safety supplies. Revenue is generally from business to business sales rather than consumer sales.

The company was founded by William W. Grainger in 1927 in Chicago, Illinois. He established the company to provide an efficient solution for fulfilling business consumers' needs. The business was incorporated as W. W. Grainger, Inc., in 1928. Sales in the early days were generated primarily through mail order via post cards and a catalog. The MotorBook, as the catalog was originally called, was the basis for today's Grainger catalog. Grainger headquarters are now located in Lake Forest, IL.
In 1967, Grainger became a publicly traded company. Grainger is a profitable corporation and has increased dividends to its shareholders for 36 consecutive years. The company has grown consistently since becoming public and has passed $1 billion in annual sales in 1984 and $5 billion in sales in 2004. In 2012 it purchased Techni-tool, Inc. of Worcester, Pennsylvania.
The company is currently in the midst of a massive expansion, which includes the remodeling of existing locations as well as the company's entry into the Chinese market. Grainger also has a presence in Japan by acquiring a majority share of Japanese industrial supplier Monotaro in 2009. Grainger is expanding their product offering, in 2008 their new catalog featured over 183,000 products, and customers could purchase over 350,000 products on Grainger.com. In 2010, the catalog now carries over 400,000 products, and customers can purchase over 900,000 products on Grainger.com. This is partly due to feedback from customers that Grainger should carry an even broader supply of products.
A unique aspect that sets W. W. Grainger apart from other industrial supply companies is that they have an extensive,

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David William Grainger Latest News

Editorial | Another major gift

now overseen by William Grainger's son, David. The Grainger Foundation's donations have underwritten campus initiatives too numerous to mention. Perhaps best known to the general public is the ...
Posted: April 21, 2019, 5:12 am

University of Illinois lands $100 million gift to engineering school

... further strengthen one of the most distinguished engineering schools in the world," David W. Grainger, foundation chairman, said in a statement. In 1927, William Grainger founded W.W. Grainger, ...
Posted: April 15, 2019, 6:03 pm

Holten Richmond Middle School Honor Roll

High Honors: Cali Jane Abbatessa, Jay Patrick Aldrich, Alyssa Nicole Anderson, Michael Power Arcari, Kailey Lynn Bettencourt, Sadie Charlotte Bucco, David William Butler, William David Butler, Ryley ...
Posted: July 1, 2019, 5:01 pm
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