John Robert Menard Jr. is an American business tycoon and an entrepreneur. John owns Menards, a Midwestern chain of home enhancement stores. Formerly he owned IndyCar racing team. He is the father of Paul Menard, a NASCAR Sprint Cup Series driver. John ranks at 136th spot in the list of richest people in the world, and he is the 68th richest individual in the United States.
Menard inaugurated his first hardware store in the year 1972. As of 2014, his company has owned 287 Menards stores. As of 2005, Menards made an estimated $5.5 billion in deals. Menard had the net worth of $8.6 billion in the year 2013, rendering to the Forbes 400, and he is the richest being in Wisconsin. Robert Menard is the current CEO of Menards.
John Robert Menard Jr. Personal Biography
Menard was born January 22, 1940 and is the eldest of eight siblings who lived in a Catholic family with German, French-Canadian, Norwegian roots, Menard attended Eau Claire Regis High School. Menard passed his graduation classes from the University of Wisconsin–Eau Claire with a notch in business and a minor in psychology. He made his home in Eau Claire, Wisconsin. Menard has six broods, and he wedded his third wife, Fay Obaid in 2008. In January 2008, Menard gave $15 million to support Eau Claire’s Luther Midelfort Hospital. The contribution will be recycled for a new backup services section and to benefit Mayo Clinic instruct and train fitness experts.
John Robert Menard Jr. Family
John Robert Menard Jr. married his third wife Fay Obaid in 2008. The couple has two children. He has kids from his previous two marriages which totals to six. Two of them are;
- Paul Menard,
- John Menard III
John Robert Menard Jr. Children
John Robert Menard Jr. has six children from three wives. Paul Menard (born August 21, 1980) is an American specialized typical car racing driver. He presently drives the No. 27 Chevrolet SS permanent for Richard Childress Racing in the Monster Energy NASCAR Cup Sequence. He also drives the No. 2 Chevrolet Camaro in the NASCAR Xfinity Series for RCR on a part-time basis.
Paul Menard Son of Robert Menard
Paul studied from University of Wincinson-Eau Claire. He is car racer and is involved in business as well. He is married to Jennifer and resides in Charlotte, North Carolina. On March 18, 2014, Jennifer gave birth to a girl. Paul Menard won the nationwide race at Michigan which led to his first NNS win since 2006 in June 2014.
John Robert Menard Jr. Net Worth
John Menard Jr. has a projected net wealth of $11.7 billion in January 2017, according to Bloomberg. His first hardware store opened in 1972 and it lingers to grow today with over 262 offroots. This hardware mogul truly owns the third largest home improvement retailing enterprise in the country. Menard is also maintaining an engine shop in the UK which specifies in making engines for Robby Gordon Motorsports and Team Menard.
In 2006, the EPA distributed an administrative order in contradiction of Menards for detrimental a stream in Sioux Falls, South Dakota, that ran through its assets by retaining a 66-inch storm sewer pipe on the stream for 1,350 linear feet and filling over top soil.
In 2007, he was the richest person in Wisconsin. He is one of the board associates of Polaris Industries which focuses in making snow mobiles and ATV. In 2011, Menards agreed to a reimbursement of $30,000 for irreverent state laws against lethal waste disposal. In 2007 herbicide was cast off into the ground on a parking island from a pallet that had been permitted to freeze in the winter.