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Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952. [1] [2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman in 1976.
His son Charles Rudolph Walgreen Jr. (March 4, 1906 – February 10, 2007) and grandson Charles R. Walgreen III both shared his name and played prominent roles in the company he founded. His daughter, Ruth Walgreen, married Justin Whitlock Dart , who left the Walgreens company after they divorced and went on to control the rival Rexall Drug ...
Walgreens began in 1901, with a small food front store on the corner of Bowen and Cottage Grove Avenues in Chicago, owned by Dixon, Illinois native Charles R. Walgreen. [7] By 1913, Walgreens had grown to four stores on Chicago's South Side. It opened its fifth in 1915 and four more in 1916. By 1919, there were 20 stores in the chain.
As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue. [6] In fiscal year 2022, the company saw sales of $132.7 billion, up 0.1% from fiscal 2021, and saw net earnings increase to $4.3 billion.
Malcolm Stevenson Forbes (August 19, 1919 – February 24, 1990) [1] was an American entrepreneur and politician most prominently known as the publisher of Forbes magazine, which was founded by his father B. C. Forbes.
James Grant Forbes II (1879–1955), American lawyer, banker and businessman, son of Francis Blackwell Forbes and his wife Isabel Clark. Was born in Shanghai, China, where the Forbes amassed a fortune from the opium trade and merchant banking after the Opium Wars.
Walgreen Jr. started out as a buyer for the company. As head of the company he increased the profit and size of the drug store, encouraged new lines of products to be sold and changed the format from counter service to self-service. He relinquished his role in company in 1969 to his son Charles R. Walgreen III. [3] He died in 2007 at age 100. [3]
Forbes listed her as one of U.S. Richest Self-Made Women in 2015 with a net worth of $4.5 billion. [40] In June 2016, Forbes released an updated valuation of $800 million for Theranos, which made Holmes's stake essentially worthless, because other investors owned preferred shares and would have been paid before Holmes, who owned only common ...