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Jim Sinegal
Jim Sinegal Net Worth is $2 Billion. Jim Sinegal Salary is $350 Thousand Per Year. Costco mogul Jim Sinegal has an estimated net worth of $2 billion and a salary of $350,000 per year. Sinegal acquired his mammoth net worth as the founder and CEO of t. James D. Sinegal (born Janua...

Jim Sinegal Net Worth is $2 Billion. Jim Sinegal Salary is $350 Thousand Per Year.

Jim Sinegal Net Worth is $2 Billion. Jim Sinegal Salary is $350 Thousand Per Year. Costco mogul Jim Sinegal has an estimated net worth of $2 billion and a salary of $350,000 per year. Sinegal acquired his mammoth net worth as the founder and CEO of t James D. Sinegal is co-founder and former CEO of Costco, an international retail chain.
He was born January 1, 1936 into a Catholic working-class family in Pittsburgh, Pennsylvania and placed in a orphanage by his mother.. When he was 11, she adopted Sinegal and Giuseppe Siniscalli became his step father. Senigal's father was named Wright but he took his step-fathers last name instead. He attended Helix High School in La Mesa, California and earned an AA at San Diego City College in 1955. He earned a BA from San Diego State University in 1959.
After he started as a bagger at FedMart in 1954 he found he loved retailing. At FedMart, he worked his way up to executive vice president in charge of merchandising and operations. He was a vice president of merchandising for Builders Emporium 1977-1978, and an executive vice president for the Price Company 1978-1979. From 1979-1983 he worked with Sinegal/Chamberlain and Associates, a compan...
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Jim Sinegal Latest News

Jim Sinegal on Costco's "Promote From Within" Strategy and Why It Needs to Think Like a Small Company

Jim Sinegal is the founder, chairman, and former longtime CEO of Costco (Nasdaq: COST ) . Known for his integrity and fondness for Costco’s $1.50 hot dogs, Sinegal grew Costco from a single warehouse to a now-$39 billion chain. Last month, The Motley ...
Posted: June 21, 2012, 1:00 am

This Company Is a Lot Like American Express--Only Better

Jim Sinegal: We recently lowered our fair value for American Express (AXP), and the company's earnings this quarter illustrated a lot of the negative trends facing the company. First is the growing bargaining power of merchants. American Express lost its ...
Posted: January 25, 2016, 12:00 am

AmEx shares sink on weak outlook, spending cuts

News that the company plans $1 billion in spending cuts fell flat with investors who are looking for details on how AmEx can better exploit its affluent client base in the mobile era, said Morningstar analyst Jim Sinegal. "No one thinks that cutting costs ...
Posted: January 22, 2016, 2:29 pm

American Express under pressure after low earnings report

Equity analyst Jim Sinegal at Morningstar said American Express faces significant competitive challenges, as evidenced by the recent loss of its exclusive — and lucrative — partnership with Costco. “American Express — when it was negotiating ...
Posted: January 23, 2016, 7:08 am

A kind word for roughed-up banks

JPMorgan (NYSE:JPM) and PNC Financial (NYSE:PNC) trade for right around book value. Bank valuations are so cheap right now, says Morningstar's Jim Sinegal, that not a lot has to go right for an investor to make money. What about energy? Is it the new subprime?
Posted: January 29, 2016, 6:41 am
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