Rank #1234
Jean Coutu & family
Net worth $3.5B
Drugstores · Canada
- Born
- May 29, 1927
- Age
- 99
- Source
- Drugstores
- Residence
- Montreal
- Citizenship
- Canada
- Marital status
- Married
- Children
- 5
- Education
Net worth over time
Biography
- The billionaire in the white lab coat, Jean Coutu founded the Canadian drugstore chain that bears his name.
- In 2017 Coutu agreed to sell the publicly-traded company to European supermarket giant Metro for $4.5 billion in cash and stock.
- Son of a pediatrician, he opened his first pharmacy in 1969, offering low prices, good customer service and extended hours.
- Coutu, who was chief executive until 2002 and then again from 2005 to 2007, grew The Jean Coutu Group by acquiring many of his competitors.
- The company was once a leading shareholder of U.S. drug store operator Rite Aid but sold the last of its stake in 2013.
Financial assets
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