Black executive Marvin Ellison gains $9 million from stock rally

Key Points

• Marvin Ellison’s stake in Lowe’s has surged by $9.1 million in the past 11 days, driven by a sharp rise in the company’s share price.
• Lowe’s market capitalization has surpassed $133 billion, following a 5.48% share price increase, reflecting strong investor sentiment.
• Despite recent gains, Lowe’s stock remains down 5.01% year-to-date, with cautious investor sentiment still weighing on its longer-term performance.

Marvin Ellison, one of the most prominent Black CEOs in corporate America and the current chairman, president, and CEO of Lowe’s Companies Inc., has seen a notable increase in the value of his equity stake in the company, fueled by a sharp rise in its share price on the New York Stock Exchange (NYSE).

Marvin Ellison’s stake in Lowe’s jumps by $18.3 million

As chairman, president, and CEO of Lowe’s, the Fortune 50 home improvement giant, Marvin Ellison owns about 748,000 shares, roughly 0.132 percent of the company’s outstanding stock. Over the past 11 days, the market value of his stake has climbed by $9.1 million, reflecting investor optimism and improved market sentiment surrounding the company.

This latest gain builds on a previous $9.2 million increase recorded between April 21 and May 8, during which the value of his holdings rose from $159.15 million to $168.35 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.

Surging shares lift Lowe’s market cap past $133 billion

Lowe’s Companies Inc., a major player in home improvement and a Fortune 50 company, operates a vast network of over 2,200 stores with around 300,000 associates in the United States and Canada. Under Ellison’s leadership, the company thrived, achieving a revenue of $86.4 billion in 2023 and handling over 17 million customer transactions weekly.

Lowe’s shares on the New York Stock Exchange (NYSE) have climbed 5.48 percent, rising from $222.26 on May 9 to $234.43. This rally has pushed the company’s market capitalization beyond $133 billion, delivering strong returns to investors, among them, CEO Marvin Ellison.

As a result of the share price surge, the value of Ellison’s stake has increased by $9.10 million, growing from $166.25 million to $175.35 million. The boost further solidifies his standing among the wealthiest corporate executives in the United States.

Year-to-date performance

Despite the recent rally, Lowe’s shares have seen a decline of  5.01 percent in terms of year-to-date performance, showing that investors remain cautious. For investors, a $100,000 investment in Lowe’s stock at the start of 2025, would now be worth around $94,990 today, a paper loss of about $5,010.