What is Brett Biggs' salary as Walmart's chief financial officer steps down?

Amber Peake November 30, 2021
What is Brett Biggs’ salary as Walmart’s chief financial officer steps down?

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Walmart chief financial officer and executive vice-president Brett Biggs has announced he is stepping down from his role at the multinational retail giant.

Following the news, some are curious to know Brett Biggs’ salary at Walmart as well as his net worth.

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Brett Biggs is leaving Walmart

It was announced yesterday (Monday, 29 November) that Walmart’s executive vice-president and chief financial officer Brett Biggs is stepping down from his role after 22 years.

Biggs, who has held the executive vice-president and chief financial officer roles since 2015, will remain part of the popular retailer’s leadership for another year during a transition period that will end on 31 January 2023.

Biggs will continue representing the company as a board member on Walmart’s FinTech startup joint venture with Ribbit Capital, Arkansas Business reports. The company said it would consider internal and external candidates before naming a successor.

The Walmart executive addressed his departure via a statement in a press release on Monday saying he feels now is the “right time to transition to the next chapter”.

Pittsburgh, USA March 4, 2021 Walmart store in Richland Township north of Pittsburgh
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What is Brett Biggs’ salary?

According to Arkansas Business, the Walmart executive’s current salary is $934,721, which works out at roughly $3,900 a day.

However, as published in Walmart’s most recent proxy statement, Biggs’ total compensation for the last reported year was $9.1 million, an increase of 3.7% from the previous year. He had a salary of $934,721, stock awards of $5.8 million and a bonus of $1.8 million.

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Walmart executive’s net worth explored

With an annual income reported to be in the millions, it’s no surprise Brett Biggs is estimated to have a net worth of more than $50 million.

According to Wall Mine, the Walmart executive is said to have a net worth of $62 million, although other sites claim his net worth is closer to $50 million ($49.9 million).

Before joining Walmart in 2000, Biggs held various M&A and corporate finance positions with Leggett & Platt, Phillips Petroleum Co and Price Waterhouse, Business Wire reports. He also sits on the board of governors for the Red Cross.

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Amber is an entertainment journalist with a love for anything showbiz, celeb or reality TV. After graduating with a degree in Journalism at Brunel University she became a Showbiz Reporter at Express.co.uk. Having written for both HITC and The Focus, Amber is now a staff writer for The Focus covering the latest celeb and entertainment trends.