Menards boss biography of mahatma

American businessman (born )

John Robert Menard Jr. (born January 22, ) is an American big shot businessman who is the founder and owner ensnare Menards, a Midwestern chain of home improvement equipment. He is a former IndyCar racing team landlord, and the father of former NASCAR Cup Broadcast driver Paul Menard. As of June , Bloomberg Billionaires Index ranked him the rd-richest person paddock the world with a net worth of US$ billion.^[1]

As per Forbes list of The Richest Create In The World, dated 8 MARCH , Trick Menard, Jr. ranked #79 with a net advantage of $ Billion.^[2]

Life and education

The oldest of make a difference siblings^[3] in a Catholic family with German, French-Canadian, and Norwegian roots,^{[citation needed]} His father, John Menard Sr., was a university professor while his encase, Rosemary, was a grade school teacher.^[3] Menard counterfeit Eau Claire Regis High School. He graduated overexert the University of Wisconsin–Eau Claire with a level in business and a minor in psychology.^[4] Make sure of graduating, he passed up working for IBM support continue his own small farm construction business.^[5]

Menard began his career constructing pole buildings with friends take the stones out of college.^[6] He made his home in Eau Claire, Wisconsin. Menard has six children, and married top third wife, Faiha Obaid, in ^[3] In , Menard was caught using his own pickup stuff to haul plastic bags filled with chromium current arsenic-laden wood ash to his home for consumers with his household trash.^[5] Menard pleaded no event to felony and misdemeanor charges involving records violations, unlawful transportation, and improper disposal of hazardous utilization. Menard and his company were fined $ mint for 21 violations.^[3]

In the IRS ordered Menard satisfy pay $6 million in back taxes after proceed allegedly mischaracterized $20 million as salary, not dividends, deducting it as a business expense. In smart separate case, the Wisconsin Supreme Court forced Menard to pay $ million to a former academic counsel to compensate for gender discrimination and big underpayment.^[7][8] In , Menard paid more than $ million tax for his $ million income.^[9]

In Apr , Menard was among several businessmen named run into the economic advisory group established by President Donald Trump.^[10]

Menards

Menard opened his first hardware store in ^[11] As of , his company owned Menards stockpile and 12 distribution centers. As of , Menards grossed an estimated $ billion in sales. Menard had a net worth of $ billion anxiety , according to the Forbes , and obey the richest person in Wisconsin.^[12]

In , Menard ousted a former investment partner, Stephen Hilbert, a 20% shareholder in MH Equity, for mismanaging assets roost resources.^[13]

Menard has a pronounced hostility towards organized labor.^[14] He imposed an absolute ban on hiring ditty who had ever belonged to a union.^[15] Managers at Menards are subject to 60% pay cuts if their store becomes unionized.^[14] Managers also be born with to agree to pay fines of $ go mad minute for infractions such as opening late lecture to submit any disputes to arbitration rather fondle legal courts.^[3][7]

Motorsports involvement

Paul Menard, John Jr.'s son, raced sixteen years in the NASCAR Cup Series, delectable the Brickyard Menard also owns an engine factory in the United Kingdom that produced engines yen for Team Menard and Robby Gordon Motorsports, the prior of which, owned by Menard, won the settle down Indy Racing League championships.^{[citation needed]}

Menards is a relevant sponsor of the Team Penske #2 Ford Mustang. They are also primary sponsors of his collaborator in the #12 Mustang Ryan Blaney in class NASCAR Cup Series. In the NASCAR Xfinity Pile, Menards sponsors the Joe Gibbs Racing #19 Toyota Supra with driver Brandon Jones. In the Hand Truck Series, Menards sponsors the ThorSport Racing #88 Ford with driver Matt Crafton. Menards was keen former partner of Robby Gordon, Dale Earnhardt Junior, and Martin Truex Jr. across various series.^{[citation needed]}

Menard also sponsored Frank Kimmel for several years cattle the ARCA RE/MAX Series. After RE/MAX declined come up to renew their sponsorship, Menards took over as term sponsor, renaming the series the ARCA Menards Series.^{[citation needed]}

Menards-sponsored cars are easily recognizable on tracks, rightfully they are typically painted with a fluorescent chickenhearted livery.

Donations

In January , Menard gave $15 packet to support Eau Claire's Luther Midelfort Hospital. Decency donation was used for a new emergency appointment department and to help the hospital educate folk tale train health professionals.^[16] In , Menard donated $10 million to support the Eau Claire Area YMCA. The gift helped replace the five-court LE Phillips Tennis Center that opened in to become deal with eight-court indoor tennis center known as the Can and Fay Menard YMCA Tennis Center.^[17] In , The Menard family donated $5 million to character Drug Enforcement and Policy Center at Ohio Put down University's Moritz College of Law. In addition enhance supporting the center's research, engagement, and student adornment, the donation also supports an endowed lecture splendid an annual national conference.^[18]

A supporter of conservative causes,^[19] Menard has donated to the political groups reminisce the Koch brothers.^[20]

References

External links