Doug McMillon and Joaquin Duato: Careers, Net Worth and Connection

When someone searches “Doug McMillon and Joaquin Duato,” the same point applies here as in our earlier piece: these are two well-known business figures from completely different industries, and there is no verified relationship, business deal, or partnership between them. Doug McMillon is the former president and CEO of Walmart, the world’s largest retail company, while Joaquin Duato is the current chairman and CEO of Johnson & Johnson, the globally known healthcare company. One belongs to the American retail world, the other to the global pharmaceutical and healthcare industry. In this article, we’ll look at both individuals’ backgrounds, career details, and net worth separately.

Who Is Doug McMillon? Background and Career

Doug McMillon, whose full name is Carl Douglas McMillon, was born in 1966 in Memphis, Tennessee. When he was 16, his family moved to Bentonville, Arkansas, the birthplace of Walmart. Doug began working at Walmart in 1984 as an hourly associate, doing work like unloading trailers. He earned a bachelor’s degree in accounting from the University of Arkansas and an MBA from the University of Tulsa.

Through hard work over time, he rose through several key roles at the company, including president and CEO of Walmart International and Sam’s Club. In February 2014, he became president and CEO of Walmart, only the fifth CEO in the company’s history. Under his leadership, Walmart transformed into a modern, technology-driven omnichannel retailer, and the company’s stock grew significantly. On January 31, 2026, Doug McMillon retired from the CEO role, and John Furner took over as CEO starting February 1, 2026. McMillon remained on the board until June 2026 and will stay connected to the company as an advisor until January 2027.

Who Is Joaquin Duato? Background and Career

Joaquin Duato Boix was born in 1962 in Spain. He comes from a family with deep ties to medical science, which instilled in him a passion for healthcare. His education includes an MBA from ESADE Business School in Barcelona and a Master’s in International Management from the Thunderbird School of Global Management in Phoenix. Duato speaks English, Spanish, and Italian.

His career began in 1989 at Janssen Pharmaceuticals, part of Johnson & Johnson, in Spain. In 2002, he moved to the United States and continued working across several divisions of the company, including pharmaceuticals, consumer health, and global supply chain. After more than three decades with the company, Duato became CEO of Johnson & Johnson in January 2022 and took on the role of chairman in January 2023. He holds dual citizenship in Spain and the United States. In 2023, Spain’s King Felipe VI honored him with the Order of Civil Merit.

Net Worth of Both

Here, the same honest point from the earlier article needs repeating: there is no single, reliable, and definitive figure available for either person’s net worth.

For Doug McMillon, different websites give wildly different figures: some sources say $107 million, others $120 million, some $200–240 million, and others up to $270 million. These are all general estimates, not figures from an official or reliable source like Forbes’ billionaires/millionaires list. One thing that is confirmed, however: in 2022 alone, his annual compensation was approximately $25.7 million, based on salary, bonus, and stock.

For Joaquin Duato, the situation is even less clear. Some low-quality websites incorrectly claim he is the CEO of Merck, which is completely wrong; he is actually the CEO of Johnson & Johnson. Net worth estimates also vary wildly, from $50 million to $500 million, which shows these are just guesses, not verified data. A somewhat more reliable reference point: in 2023, his total compensation was approximately $26.6 million, and he is reported to hold more than 33,000 shares of Johnson & Johnson stock.

Why Is There No Connection Between Them?

Doug McMillon’s field is the American retail industry, while Joaquin Duato’s field is the global healthcare and pharmaceutical industry. Nothing in the available information shows that the two ever worked together on a business deal, a joint project, or had any personal relationship. Both have served on their respective companies’ boards, committees, and industry organizations, but their paths never crossed.

Conclusion

Overall, Doug McMillon and Joaquin Duato are successful, influential figures from two different industries. McMillon started as an ordinary employee at Walmart and worked his way up to lead the world’s largest retail company, while Duato moved from Spain to the United States and eventually took the helm of a global healthcare giant like Johnson & Johnson. No reliable, definitive figures exist for either person’s net worth, and looking for any real connection between them would not be accurate either.

Frequently Asked Questions

Is there any business relationship between Doug McMillon and Joaquin Duato?

No, based on available information, there is no verified business relationship or partnership between the two.

Is Doug McMillon still Walmart’s CEO?

No, he retired on January 31, 2026, and John Furner took over as CEO starting February 1, 2026.

When did Joaquin Duato become CEO of Johnson & Johnson?

He became CEO in January 2022 and also took on the role of chairman in January 2023.

What is each person’s net worth?

No single, definitive figure is available. Estimates for McMillon range from $107 million to $270 million, while estimates for Duato range from $50 million to $500 million.

What country is Joaquin Duato from?

He was born in Spain and now holds dual citizenship in both Spain and the United States.