Top Black CEO Marvin Ellison gains $3.4 million from Lowe’s shares

Marvin Ellison, the chairman, president, and CEO of Lowe’s Companies Inc., has recorded another substantial increase in the market value of his stake in the U.S. home improvement giant — thanks to the recent rise in Lowe’s share price.

According to data tracked by Billionaires.Africa, Ellison — recognized as one of the world’s highest-ranking Black CEOs on the Fortune 500 list — has seen the market value of his stake in Lowe’s Companies Inc. surge by nearly $3.42 million over the past 35 days.

Lowe’s Companies Inc. shares rally, market cap soars above $110 billion

Source: Billionaires Africa