Greg Penner Net Worth, Career, Source of Income and Biography
Greg Penner is an American venture capitalist and business mogul, prominent for his role as chairman of Walmart Inc., one of the world’s largest retail companies, since 2015.
He’s also well known as the co-owner and CEO of the Denver Broncos of the National Football League (NFL).
Greg Penner is the grandson-in-law of the founder of Walmart, Inc., Sam Walton. He’s also a managing partner at Madrone Capital Partners, a private equity firm.
Greg Penner is filthy rich and a successful businessman who has made a name for himself in the world of business and has accumulated a fortune worth billions of dollars.
In this article, we’ll reveal Greg Penner’s net worth, career, investment, partnership, and source of income.
Profile summary
- Full name: Gregory Boyd Penner
- Nickname: Greg Penner
- Date of birth: December 18, 1969
- Place of birth: United States of America
- Profession: businessman and venture capitalist
- Current residence: Atherton, California
- Net worth: $6 billion
Early life and education
Greg Penner was born on December 18, 1969, in the United States. He was born to his parents, Clifford and Joyce Penner, who were renowned sex therapists based in Pasadena, California.
They have published several sex advice books based on a Christian perspective.
Greg pursued and earned a B.S. degree in international economics at the University of Georgetown in 1994.
However, he furthered his educational pursuits at the Stanford Graduate School of Business, where he bagged an MBA degree in business administration in 1997.
After graduating from the university, he started working at Goldman Sachs before joining Walmart Inc. in 2000, where he was appointed chairman and has been playing the role since 2015.
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Career
Greg Penner kicked off his career journey soon after bagging an MBA degree at the Stanford Graduate School of Business.
He started working at Goldman Sachs & Co. as a financial analyst. He was also a general partner of the peninsula capital.
In 2000, Greg Penner joined Walmart Inc. and started working as a store employee.
Greg has been instrumental to the growth and transformation of Walmart with his highly driven, disciplined, and ambitious personality, which he inculcates in his work to get things done.
Greg served and held a variety of roles at Walmart. Starting as a store employee and eventually becoming the SYP and CFO of Walmart Japan until 2005.
Greg Penner was elected to the Walmart board of directors for the first time in 2008. Since then, he has been serving as a member of the finance committee and strategic planning before being named vice chairman in 2014.
However, in 2015, Greg Penner was named and became the chairman of Walmart Inc. after the retirement of his father-in-law, Rob Walton.
Greg Penner is also the founder of Madrone Capital Partners,an investment firm located in Menlo Park, California.
He has also served as a member of the board of directors of several companies, including 99Bii Corporation (Shanghai), E Harmony Inc., co-chair of the Charter School Growth Fund,Baidu Inc. (from 2004–2014), and the board of directors of Hyatt Hotels Corporation (from 2007–2014).
On August 9, 2022, the NFL owners approved the purchase of the Denver Broncos by a syndicate consisting of Greg Penner, his wife, Carie Penner,S. Robson Walton,Condoleezza Rice, Melody Hobson, and Sir Lewis Hamilton.
Greg Penner was announced as the new CEO of the team, taking over from Joe Ellis.
Greg Penner is the operating head of the franchise and will have the primary responsibility for the Broncos daily football and business operations in collaboration with his partners in the Walton Penner family ownership group.
Greg Penner is a hardworking individual and venture capitalist who has made significant impact in the world of business and various investments.
Source of Income
Greg Penner’s primary source of income is his role as chairman of Walmart Inc.
In addition to his salary from Walmart, Greg also earns income from his other investments and business ventures.
He’s one of the owners of the Denver Broncos football team in the NFL, which has become a fast-growing sport with a global following.
He’s also the founder of Madrone Capital Partners, which provides him with additional income.
Greg Penner has also served as the general partner in the investment management firm.
Overall, Greg Penner’s net worth is estimated to be in the billions, as he experienced tremendous financial growth from his enterprises and investments.
Relationship
Greg Penner is married to Carrie Penner, the daughter of S. Robson Walton, the former chairman of Walmart.
They both met in their undergraduate days at Georgetown University and have been married since 2003.
Greg and Carrie have four children together, and they live happily with their kids in Atherton, California.
In terms of Greg’s professional relationships, he’s known for his close working relationship with his father-in-law and former CEO of Walmart Inc.
Greg has also worked closely with Rob Walton and other members of the Walton family, who are major shareholders of Walmart, including the members of the Denver Broncos franchise.
Greg Penner is known for his strong relationships and philanthropic work, actively giving and helping different people in different sectors, including education and agriculture.
Greg Penner Net Worth
As of 2023, Greg Penner net worth is estimated to be around $6 billion.
His net worth has the potential to continue growing as Greg’s investments and businesses continue to grow and evolve.
The specific figure will also depend on the valuation of Walmart and the other companies he’s involved with.
However, it’s clear that Greg has amassed quite a fortune, and he’s a successful businessman who’s an iconic business figure and a source of inspiration to up-and-coming entrepreneurs.
