Founder and owner
Menards | Eau Claire
John Menard Jr., founder and owner of Eau Claire-based Menards, is the richest person in the state, with an estimated net worth of $22.9 billion. Among billionaires worldwide, he comes in 88th, according to Forbes.
He began building pole barns in 1958 to help fund his college education at the University of Wisconsin-Eau Claire. That business later evolved into building supplies company Menards Cashway Lumber, from which he sold lumber and building materials to the public. He then opened his first hardware store in 1972, and Menards was born.
Today, Menards is the nation’s third-largest home improvement chain behind Home Depot and Lowe’s. The company operates 351 stores in 15 states, has roughly 45,000 employees and reported $13.4 billion in revenue in 2023. Menard remains majority shareholder of the closely held business.
Menard donated $15 million in 2008 to support Luther Midelfort Hospital in Eau Claire, supporting a new emergency department. In 2015, he gave $10 million to the Eau Claire Area YMCA, establishing the John and Fay Menard YMCA Tennis Center. He has given $2.1 million to the University of Wisconsin-La Crosse’s business college, $2.4 million to UW-Stout’s foundation and $3 million to UW-Eau Claire’s Center for Constitutional Studies. Menard also gives regularly to conservative political groups, candidates, parties and committees.
He has been actively involved in auto racing for decades, and he sponsored the winning car at the 2019 Indy 500.
Education: Bachelor’s, University of Wisconsin-Eau Claire
2022 Wisconsin 275 Profile
Other Leading Industries | Retail
Founder and owner
Menards | Eau Claire
John Menard Jr. planted the first seeds of what would become Menards home improvement retail chain in 1958, selling pole buildings as a means to fund his education. When he graduated college, Menard was able to devote all of his energy to the business and purchased land in Eau Claire to set up a small office and shop. He opened his first business, building supplies company Menards Cashway Lumber, from which he sold lumber and building materials to the public. He opened his first hardware store in 1972, seven years ahead of the launch of Home Depot, which would become one of its chief competitors.
Today, Menards has more than 330 stores in 15 states. It reported revenue of $13.1 billion in 2021 and ranks No. 34 on the National Retail Federation’s Top 100 Retailers list.
Menard remains majority shareholder of the closely held business. With a reported net worth of $17.3 billion, Menard is the richest person in Wisconsin, according to Forbes’ World’s Billionaires List, coming in at No. 104.
Menard has been actively involved in auto racing for decades, and he sponsored the winning car at the 2019 Indy 500.
Menard donated $15 million in 2008 to support Luther Midelfort Hospital in Eau Claire, supporting a new emergency department. In 2015, he gave $10 million to the Eau Claire Area YMCA, establishing the John and Fay Menard YMCA Tennis Center.
He has given $2.1 million to the University of Wisconsin-La Crosse’s business college, $2.4 million to UW-Stout’s foundation and $3 million to UW-Eau Claire’s Center for Constitutional Studies. Menard also gives regularly to conservative political groups, candidates, parties and committees.
Education: Bachelor’s, UW-Eau Claire
