Greg Penner Net Worth: How Rich is the Businessman Actually?

Greg Penner is a 52 years old American venture capitalist and businessman. He is the grandson-in-law of the founder of Walmart, Sam Walton. On June 5, 2015, he was named the chairman of Walmart. Greg Penner net worth is estimated at over $1 billion as of 2022.

Greg is expected to be the day-to-day boss along with his wife, Carrie of The Denver Broncos. The football franchise was purchased by Rob Walton for $4.65 billion in June 2022, where Greg and his wife, Carrie are minority investors.

Early life & Career Beginnings

Greg Penner was born on December 18 in the year 1969 in the United States. He was born to Clifford and Joyce Penner, who were sex therapists. Greg studied International economics at Georgetown University. Then, he attended Stanford University and earned an MBA degree.

After completing his University education, Greg started working at the early-stage venture capital fund, Peninsula Capital as a General partner. He has previous work experience at Goldman, Sachs & Co. in the corporate finance department. He served in the company during the 1990s.

Greg Penner Net Worth & Career

In 2000, he began working for Walmart as the SVP of Finance and Strategy. Afterward, he served as the SVP and CFO of Wal-Mart Japan until 2005.

Greg then founded an investment management firm, the Madrone Capital Partners. He served as the general partner in the investment management firm. Penner has been serving at Walmart for over 20 years now. He has served in numerous positions at Walmart including the senior vice-present and CFO. Greg was elected to the Walmart Board for the first time in 2008. Since then, he has been serving as a member of the Finance Committee and Strategic Planning.

Other than his experience at Walmart, he has been a board member of Baidu, Inc. since 2004. Previous to that, he served on the board of directors at the Hyatt Hotels Corporation from the year 2007 to 2014. In addition, he has been the board member of the companies, 99Bill Corporation (Shanghai) and eHarmony, Inc. In 2015, he was named the chairman of Walmart after Rob Walton retired from the position.

Greg became a minority investor to purchase the football franchise, The Denver Broncos in June 2022. Rob Walton, the heir of Walmart agreed to purchase the Denver Broncos for $4.65 billion on Tuesday night, June 8. Rob is the controlling owner to purchase the team who would pay at least 30% of the price which is around $1.395 billion. In regards to the purchase of the Denver Broncos, his son-in-law, Greg Penner, and daughter, Carrie Walton-Penner joined the ownership group as the minority investors.

After the purchase of the Denver Broncos, Greg and Carrie are expected to be running the football franchise being the Bronco’s bosses. The four major owners that would play big roles on the Broncos moving forward are RobsonWalton, Mellody Hobson, Greg, and Carrie Penner. However, the NFL owners are still yet to approve to sale. Though, it would be just a formality as the purchase is already confirmed.

Personal Life

Greg Penner is married to Walmart’s heir, Robson Walton’s daughter, Carrie Walton. The pair met at Georgetown University in the early 1990s and late 1980s. Both attended Stanford University and earned Master’s degrees in 1997. As per the reports, they share four kids together. He currently resides with his family in Atherton, California.

Greg Penner Net Worth

Greg Penner’s personal wealth is estimated to be around more than $1 billion as of 2022. According to the annual proxy statement to SEC, he received total compensation of $500,160 in the fiscal year 2021.