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Key Points
- Ellison’s stake in Lowe’s grew by $5.79 million over the past six trading days, driven by a 3.67% rise in the stock price.
- Lowe’s shares have gained 3.67% since June 18, pushing its market cap above $120 billion and benefiting long-term investors.
- Despite the rebound, Lowe’s stock remains down 11.44% year-to-date, underscoring investor caution in the broader retail sector.
Marvin Ellison, one of the most prominent Black CEOs in corporate America and the head of Lowe’s Companies Inc., has added more than $5.8 million to his net worth amid a sharp rebound in the company’s share price on the New York Stock Exchange (NYSE).
Ellison’s stake in Lowe’s climbs again
As chairman, president, and CEO of Lowe’s, the Fortune 50 home improvement retailer, Ellison holds 748,000 shares, representing 0.132 percent of the company’s outstanding stock. Over the past 6 trading days, the market value of his stake has risen from $157.7 million to $163.49 million, fueled by a 3.67 percent surge in Lowe’s share price.
This latest gain builds on a previous $9.1 million increase recorded between May 9 and May 20, during which the value of his holdings rose from $166.25 million to $175.35 million. The continued upward trajectory of Lowe’s stock highlights both the company’s resilience in a competitive retail environment and investor confidence in Ellison’s leadership.
Continued wealth surge amid market momentum
Lowe’s operates more than 2,200 retail locations and employs roughly 300,000 associates across the United States and Canada. It remains a dominant force in the home improvement retail sector, despite facing headwinds from inflation and evolving consumer behavior.
Its stock has climbed 3.67 percent over the past six trading days, rising from $210.83 on June 18 to $218.57. The gain lifted the company’s market cap past $120 billion and delivered solid returns to shareholders, Ellison among them.
Year-to-date decline tempers optimism
Despite recent gains, Lowe’s shares are still down 11.44 percent year-to-date, signaling ongoing caution among investors. A $100,000 investment in Lowe’s stock at the start of 2025 would now be worth $88,560, reflecting a paper loss of $11,440.
Nevertheless, Ellison’s consistent performance continues to attract attention. As one of the few Black Fortune 500 CEOs, his growing net worth and stewardship of Lowe’s underscore his rising stature in U.S. corporate leadership circles.
