Date of Birth: January 1, 1936
Zodiac Sign: Capricorn
Date of Death: [Leave blank, as James Sinegal is alive]
Biography
James Sinegal, co-founder of Costco Wholesale Corporation, is a prominent American businessman renowned for revolutionizing the retail industry. Born in Pittsburgh, Pennsylvania, Sinegal’s career began humbly as a bagger at FedMart in 1954. His work ethic and keen understanding of retail operations saw him rise through the ranks, eventually managing Price Club locations. In 1983, alongside Jeffrey Brotman, Sinegal co-founded Costco with a vision of providing high-quality goods at low prices. Under his leadership, Costco grew into a global retail powerhouse, known for its membership model, competitive pricing, and employee-centric policies. Sinegal served as CEO until his retirement in 2012 but remains a significant figure in retail history for his innovative approach and ethical business practices.
5 Interesting Facts about James Sinegal
1. James Sinegal co-founded Costco Wholesale Corporation in 1983.
2. Under Sinegal’s leadership, Costco became the first company to grow from zero to $3 billion in sales in less than six years.
3. Sinegal is known for his modest salary as CEO, earning $350,000 per year, a stark contrast to other executives in similar positions.
4. He emphasized employee satisfaction, providing higher wages and benefits compared to industry standards.
5. In 2009, Sinegal was listed as one of the world’s best CEOs by Barron’s.
5 Most Interesting Quotes from James Sinegal
1. “You have to take the shit with the sugar.”
2. “If you’re going to say to your workers that you value them, then you have to show them that you value them.”
3. “We’re not going to be driven by what Wall Street says.”
4. “Obey the law. Take care of our members. Take care of our employees. Respect our suppliers. Reward our shareholders.”
5. “We have always said that we want to be a place where people can come and make a career.”
Highest Net Worth Achieved
The highest net worth achieved by James Sinegal is approximately $2 billion.
Children
James Sinegal has three children: David Sinegal, Monica Sinegal, and Kelly Sinegal.
Relevant Links
1. [James Sinegal on Forbes](https://www.forbes.com/profile/james-sinegal/
2. [Costco Wholesale Corporation](https://www.costco.com/
5. [Biography on Costco’s Success](https://www.businessinsider.com/how-costco-became-a-giant-2013-10
