Who Owns Dollar General?

Dollar General is a store that operates in thousands of locations, offering everything from grocery items to clothing and electronics, but many people still don’t know- who owns Dollar General.

Who Owns Dollar General

In this guide, we have compiled all information on Dollar General which will provide you insight into who owns Dollar General, who its competitors are, and what products it offers.

So, let’s begin the guide.

About Dollar General

Dollar General is a popular retail chain that operates 19,147 stores across the United States. It’s known for its affordable prices and wide range of products.

The story of Dollar General started way back during the Great Depression when Jamer Luther Turner began buying and liquidating the bankrupt general stores.

Then, in October 1939, James and his son Cal Turner opened J.L Turner and Sons, which grew into 35 departmental stores across Tennessee and Kentucky.

Everything changed for the co-founder Cal Turner when his father died and he decided to publicly trade the company in 1968.

Today the company has 170,000 employees. It generated a $3.3 billion operating profit in the fiscal year 2022. Dollar General still operates on it original concept of selling goods for a dollar or less.

Who Owns Dollar General?

Dollar General is a publicly traded company, so around 95% of Dollar General shares are held by private equity institutions and mutual funds.

The current CEO of the company is Jeffrey Owen. The CFO and the company’s executive vice-president is John Garrett.

Who Are The Competitors Of Dollar General?

Who Are The Competitors Of Dollar General

Dollar General is one of the many stores that operate on the concept of offering low prices to its customers.

However, there are some stores that also operate with the same idea and are the main competitors of the company.

Here are 10 main competitors of the Dollar General:

  1. Dollar Tree (DLTR)
  2. Walmart
  3. Target
  4. Five Below (FIVE)
  5. Coupang (CPNG)
  6. Fastenal (FAST)
  7. Tractor Supply (TSCO)
  8. Yum China (YUMC)
  9. AutoZone (AZO) and
  10. Walgreens Boots Alliance (WBA). 

Is Dollar General a Public Or Private Company?

Dollar General is a publicly traded company on the New York Stock Exchange (NYSE). It is traded under the ticker symbol ‘DG’. The company went public in the year 1968 after the death of its co-founder, J.L Turner.

The Dollar General Corporation remained on public exchange until 2007. Then again, in 2009, the company went public to raise funds and expand. In the same year, Kohlberg Kravis Roberts (KKR) retained a significant ownership.

As of 2023, Dollar General has a market capitalization of $28.57 billion and operates thousands of its stores across the United States.

What Are The Annual Earnings Of A Dollar General Store Owner?

What Are The Annual Earnings Of A Dollar General Store Owner

Based on the information available in the market, we have compiled the data, which states that the average yearly pay for a Dollar General store owner in the United States is approximately $20,000.

However, this figure is average, and individual earnings might differ based on factors like location, customer base, marketing, and experience.

Are Dollar General Stores Company-Owned or Franchised?

Dollar General Stores are all company-owned and operated by the company only and not franchised. This means that all the profits and revenue generated by its stores stay within the company.

Currently, Dollar General Store has no plans to offer franchising options. Therefore, if you are an investor looking to own a Dollar General Franchise, you need to explore other options.

Who Are The Largest Shareholders Of Dollar General?

According to CNN Business, the company’s largest shareholders are all private equity institutions.

The top 10 Owners of Dollar General Corp are listed below:

Total value ($)Shares
bought / sold
The Vanguard Group, Inc.7.91%17,339,1822,927,894,273+7,291+0.04%
Capital Research & Management Co….6.88%15,087,8552,547,735,195+5,926,555+64.69%
Capital Research & Management Co….4.92%10,787,7031,821,611,529+5,979,461+124.36%
BlackRock Fund Advisors4.59%10,065,4931,699,659,148-1,549,691-13.34%
SSgA Funds Management, Inc.4.44%9,737,2321,644,228,996-28,101-0.29%
T. Rowe Price Associates, Inc. (I…2.94%6,443,6661,088,077,441-4,542,724-41.35%
Geode Capital Management LLC1.92%4,214,491711,658,950+50,717+1.22%
JPMorgan Investment Management, I…1.61%3,535,701597,038,471+870,126+32.64%
BlackRock Advisors LLC1.27%2,791,110471,306,835+798,413+40.07%
Longview Partners LLP1.24%2,710,691457,727,282+2,710,691

Other than these private institutions, there are 17 Dollar General Directors and executive officers who also own the largest number of company shares.

Among these directors, Todd J. Vasos holds the highest shares, which is 118,635 shares of Dollar General Corp (DG) as of 2023, with a value of $19 Million.

What Are Some Self-Owned Brands Of Dollar General?

What Are Some Self-Owned Brands Of Dollar General

The Dollar General Store sells its products from some of the most trusted American brands, which include Coca-Cola, Unilever, Kellogg’s, Nestle, and Clorox.

In addition to this, the general store also operates some self-owned brands, which are listed below:

  1. Clover Valley
  2. Root-To-End
  3. Breeze
  4. Office Hub
  5. Comfort Bay
  6. DG Home
  7. DG Health
  8. Believe Beauty
  9. Scent Happy
  10. Forever Pals

The company also has several other self-owned brands other than the above-mentioned brands.


Dollar General is a popular discount store that offers its products at very affordable prices. It also has its own self-owned products. The company doesn’t offer franchising, but despite this fact, Dollar General is a flourishing enterprise.

Its ownership structure has allowed it to operate its business independently and successfully. It’s not owned by any specific company but rather by private equity institutions like Citigroup Private Equity, Kohlberg Kravis Roberts (KKR), and many others.

So, whether you want to grab a quick snack or buy some personal care products, Dollar General is your go-to store.


Is Dollar General a Chinese owned company?

No, Dollar General is not owned by China. However, the company buys a large portion of its merchandise from the country. This is because China is the largest supplier of low-cost products.

Is Dollar General owned by Walmart?

Dollar General is not owned by Walmart. It is owned by private equity institutions like GS Capital Partners, Citigroup Private Equity, etc.

Which state has the most number of Dollar General Stores?

The state which has the most number of Dollar General stores is Texas. It has 1,791 stores, which is 9% of all Dollar General stores in the USA.

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