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Key Points
- Marvin Ellison’s Lowe’s stake rose nearly $26 million in 35 days as shares climbed from $215 to $249.70.
- Lowe’s stock rally pushed Ellison’s holdings to $186.78 million, with the company’s market cap surpassing $140 billion.
- Investors show confidence in Ellison’s leadership, keeping Lowe’s shares positive year-to-date despite inflation and shifting consumer demand.
Marvin Ellison, one of the most prominent Black executives in corporate America and the chairman, president, and CEO of Lowe’s Companies Inc., has seen his wealth surge by more than $25 million following a strong rally in the home improvement retailer’s stock.
Ellison’s Lowe’s stake jumps $26 million
Ellison directly owns 748,000 shares of Lowe’s, equal to about 0.132 percent of the company’s outstanding stock. The recent stock rally has boosted the value of his holdings from $160.82 million to $186.78 million, a gain of nearly $26 million in just 35 days.
This marks the second sharp increase in his fortune in recent months. Between June 18 and June 25, Ellison’s stake rose by another $5.8 million, reflecting steady investor optimism in the company’s long-term strategy.
Lowe’s stock momentum boosts market value
Lowe’s operates more than 2,200 retail locations and employs roughly 300,000 associates across the U.S. and Canada, making it one of the largest players in the home improvement sector. Despite challenges from inflation and shifting consumer behavior, the company remains a dominant force in retail.
Shares of Lowe’s on the New York Stock Exchange (NYSE) have advanced 16.14 percent in just over a month, rising from $215 on July 15 to $249.70. The rally lifted the company’s market capitalization above $140 billion, rewarding investors and boosting Ellison’s fortune.
Ellison’s leadership drives confidence
Year-to-date, Lowe’s shares have gained 1.18 percent, a modest but positive return amid a volatile market for retail and consumer-focused companies. A $100,000 investment at the start of 2025 in Lowe’s stock would now be worth about $101,180.
The continued climb in Lowe’s stock price underscores both the company’s operational strength and investor confidence in Marvin Ellison’s leadership. His growing stake not only reflects his success as one of the few Black CEOs leading a Fortune 50 company but also highlights the broader momentum driving one of America’s top home improvement retailers.
