Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (2024)

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As the founder of home-improvement retailer Menards, John Menard Jr. is Wisconsin's richest billionaire with a net worth of $22.2 billion. I visited a Menards store in Milwaukee for the first time. In the parking lot, Menards pickup trucks were available to rent to bring home large purchases. I was surprised to find one-way gates at the entrance to help prevent theft. Walking in, I was immediately shocked by how large the store was. Our first stop was the grocery section, which sold snacks, beverages, and other basics. Grocery items at Menards were significantly cheaper than local grocery chains. I came across some unique products I'd never seen before, like Hydrox sandwich cookies. Menard Jr.'s involvement in racing was evident in the packaging of the locally brewed Sprecher root beer. Some aisles also featured photos of Menards race cars. The lighting section glowed with lightbulbs, chandeliers, and other fixtures. Counters, cabinets, and bathroom vanities looked ready to install. The lumberyard was big enough for multiple semi-trucks to load up on supplies. The outdoor-living section sold an impressive array of furniture. With spring arriving, the garden center was in full bloom. Menards had a little bit of everything, including shelves of "As Seen On TV" products. It even sold its own swag. Another characteristic of shopping at Menards is its mail-in rebate. While I'm not a DIY-er myself, I was impressed by Menards' low prices, huge stock, and unique policies. FAQs References

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Talia Lakritz

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (1)

  • Menards home-improvement stores earned John Menard Jr. his $22.2 billion fortune.
  • The Midwest chain is different from other stores, with mail-in rebates and no installation services.
  • I visited a Menards in Milwaukee and was surprised by its size and enormous selection.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (2)

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Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (4)

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If you've spent any time in the Midwest, chances are the "Save big money at Menards" jingle is permanently embedded in your brain.

Menards, the home-improvement chain founded by John Menard Jr., is known for its discounted prices, mail-in rebates, and quirky Midwestern charm. The company helped Menard Jr. achieve billionaire status with a net worth of $22.2 billion, according to Forbes, making him the richest person in the state of Wisconsin.

Last year, Menards earned $13.4 billion in revenue, Forbes reported, making it the third-largest home-improvement chain in the US behind Home Depot and Lowe's.

During a trip to my hometown in Wisconsin in May, I accompanied my dad, a frequent Menards shopper, on one of his trips to see what has made it such a successful business.

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As the founder of home-improvement retailer Menards, John Menard Jr. is Wisconsin's richest billionaire with a net worth of $22.2 billion.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (5)

Menard Jr. is the 89th richest person in the world, Forbes reported.

After spending a summer constructing pole buildings to put himself through college at the University of Wisconsin—Eau Claire, he started a construction company in 1958, according to Menards' official website. That led him to the building-materials business, and he opened the first Menards retail location in 1964.

Now with over 300 locations across 15 Midwestern states, the chain sells a wide variety of home-improvement tools and building materials as well as appliances, lighting, furniture, and groceries.

Menard Jr. is a controversial figure known for his frugality and iron-handed management style. A 2007 Milwaukee magazine profile reported that managers are fined $100 for every minute a store opens late, and Forbes reports that even top executives are still required to clock in.

In 1997, Menard Jr. was fined over $1.5 million and pleaded no contest to charges regarding illegal hazardous waste disposal. Prosecutors alleged he used his personal pickup truck to take dangerous chemicals from the business to deposit them in his household trash, the Milwaukee Journal Sentinel reported. Menards paid another $2 million in 2005 for violating state water-pollution laws in Wisconsin.

His personal conduct has also come under scrutiny with a 2013 lawsuit alleging he pressured the wife of one of his business partners to have sex with him and fired her husband when she refused. Menard Jr. denied any inappropriate conduct, his attorney told the Milwaukee Journal Sentinel.

Menard Jr. is also an avid race-car enthusiast, sponsoring Menards race cars at NASCAR and IndyCar events.

I visited a Menards store in Milwaukee for the first time.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (6)

The Menards store I visited in Milwaukee's Northridge neighborhood spans a whopping 162,300 square feet, the Milwaukee Journal Sentinel reported.

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In the parking lot, Menards pickup trucks were available to rent to bring home large purchases.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (7)

The pickup trucks cost $18.95 for the first 75 minutes, $6 for each additional 15 minutes, and 50 cents for each mile driven, according to the Menards website.

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I was surprised to find one-way gates at the entrance to help prevent theft.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (8)

Most stores I visit in the Midwest don't have extensive security measures. When I compared shopping at Target in New York City and Wisconsin, I found the New York location featured "secured shelves" and locked cases, while even limited-supply items were kept on open shelves in the Midwest.

Menard Jr. is known to be serious about anti-theft measures. He set a policy that store managers cannot build their own houses to prevent them from stealing supplies, Milwaukee magazine reported.

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Walking in, I was immediately shocked by how large the store was.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (9)

The aisles seemed to go on forever.

Our first stop was the grocery section, which sold snacks, beverages, and other basics.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (10)

Menards didn't have a produce section, but it did have a refrigerated section with gallons of milk and frozen food.

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Grocery items at Menards were significantly cheaper than local grocery chains.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (11)

For example, a family-size box of Honey Bunches of Oats cost $4.93 at Menards. At Metro Market, a Midwestern grocery chain, the same box cost $6.29. I see why my dad swears by it.

I came across some unique products I'd never seen before, like Hydrox sandwich cookies.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (12)

Oreos were created as an imitation of Hydrox cookies but eventually superseded them in popularity, making Hydrox look like the knockoff. I'd never even heard of Hydrox cookies until I saw them at Menards.

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Menard Jr.'s involvement in racing was evident in the packaging of the locally brewed Sprecher root beer.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (13)

The root beer was labeled as the official craft soda of the Automobile Racing Club of America's Menards Series. A 24-pack cost $19.99.

Some aisles also featured photos of Menards race cars.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (14)

Menard Jr.'s son, Paul Menard, raced in the NASCAR Cup Series.

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The lighting section glowed with lightbulbs, chandeliers, and other fixtures.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (15)

The items also featured QR codes to scan for online shopping.

Counters, cabinets, and bathroom vanities looked ready to install.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (16)

Unlike other home-improvement stores like Home Depot and Lowe's, Menards doesn't offer installation services. Instead, it directs customers to local service providers so the store doesn't act as a competitor to the contractors who shop there.

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The lumberyard was big enough for multiple semi-trucks to load up on supplies.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (17)

Milwaukee magazine reported that Menard Jr. used to recycle wood scraps and heat stores with the leftovers.

The outdoor-living section sold an impressive array of furniture.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (18)

The section also included grills, gazebos, and swing sets.

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With spring arriving, the garden center was in full bloom.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (19)

The gardening section sold potted plants as well as seeds, soil, outdoor decor, and gardening tools.

Menards had a little bit of everything, including shelves of "As Seen On TV" products.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (20)

The section featured Mike Lindell's MyPillow, Ped Egg callus removers, and portable handheld fans, among other items.

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It even sold its own swag.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (21)

I could see how Menards, a family-owned Midwestern brand, would inspire the kind of loyalty that would make people want to wear its hats.

Another characteristic of shopping at Menards is its mail-in rebate.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (22)

On the day I visited, Menards was offering an 11% rebate in the form of a merchandise credit check if you mailed in a receipt and a completed form. The rebate percentage fluctuates, but the system is a hallmark of the Menards shopping experience and helps keep its prices even lower.

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While I'm not a DIY-er myself, I was impressed by Menards' low prices, huge stock, and unique policies.

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (23)

Even long after I left the store, I couldn't get the "Save big money at Menards" jingle out of my head.

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Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire (2024)

FAQs

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire? ›

Take a look inside Menards, the Midwest home-improvement chain owned by Wisconsin's richest billionaire. Menards home-improvement stores earned John Menard Jr. his $22.2 billion fortune. The Midwest chain is different from other stores, with mail-in rebates and no installation services.

Where does the Menard family live? ›

Menard began his career constructing pole buildings with friends from college. He made his home in Eau Claire, Wisconsin. Menard has six children, and married his third wife, Faiha Obaid, in 2008.

Who owns Menards now? ›

Menards (/məˈnɑːrdz/ mə-NARDZ) is an American home improvement retail company headquartered in Eau Claire, Wisconsin. Menards is owned by founder John Menard Jr. through his privately held company, Menard, Inc.

How much is John Menards' net worth? ›

Is Menards owned by Home Depot? ›

Menards is the second oldest of the companies, having opened its first lumber store in 1964, and is still privately owned by the Menard family. Read Menards 360 here. And Home Depot, the biggest and youngest of the three, was an ambitious upstart in in the 1970s.

Who is the wealthiest person in Wisconsin? ›

Home improvement chain founder John Menard, Jr., is the richest person in Wisconsin.

What ethnicity is Menard? ›

The most commonly-observed ancestry found in people with the surname Menard is French & German, which comprises 36.0% of all ancestry found in people with the surname.

Is Menards a billion dollar company? ›

achieve billionaire status with a net worth of $22.9 billion, making him the richest person in the state of Wisconsin. Last year, Menards earned $13.4 billion in revenue, Forbes reported, making it the third-largest home-improvement chain in the US behind Home Depot and Lowe's.

How is Menards doing financially? ›

Over the past few years, Menards' retail sales have been gradually increasing, with a difference of almost three billion U.S. dollars between 2017 and 2022. In 2022, they amounted to about 13.38 billion U.S. dollars.

How much is Menards Corporation worth? ›

Net Worth Summary

The company has more than 300 stores in 15 US States, according to its website. Menard Inc. had revenue of $13.4 billion in 2022, according to the National Retail Federation's website.

How many millionaires live in Wisconsin? ›

29. Wisconsin. Bucolic Wisconsin's 138,283 millionaire households enjoy a relatively affordable cost of living, but taxes in the Badger State can be quite a burden. Wisconsin ranks among Kiplinger's least tax-friendly states, thanks to high income and property taxes.

Who is the richest woman in Wisconsin? ›

Worth $20.9 billion, Hendricks chairs one of the largest wholesale distributors of roofing, siding and windows in the U.S.; ABC Supply has more than 900 branch locations and had $20.4 billion in sales in 2023. According to Forbes magazine, Hendricks is a Wisconsin native who grew up on a dairy farm.

Who is the CEO of Menards? ›

The Menards Executive Team is rated a "C" and led by CEO John Menard.

Where is the largest Menards store located? ›

SOUTH BEND — The new Menards on the south side of South Bend officially opened today. Located at 4640 St. Joseph Street, the mega store features two floors, nine departments and a lumber yard. Store manager Laura Sthreindl could not provide an exact square footage, but said it's "the largest Menards mega store."

Where is the Menards headquarters located? ›

Where is John Menards' house? ›

Menards is a home improvement chain store. Founder and billionaire John Menard Jr. has a home in Eau Claire, Wisconsin.

What states is Menards in? ›

A family-owned company started in 1958, Menards® is headquartered in Eau Claire, Wisconsin and has more than 300 home improvement stores located in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, West Virginia, Wisconsin, and Wyoming.

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