Corie Barry, the CEO of Best Buy Co., Inc., is one of the most prominent leaders in the retail and consumer technology industry. With her extensive experience and strategic vision, she has played a significant role in transforming Best Buy into one of the leading providers of consumer technology products and services in North America.
Who Is Corie Barry?
Corie Barry is the Chief Executive Officer (CEO) of Best Buy Co., Inc., a Fortune 500 company and one of the largest consumer electronics retailers in the United States. She is also a member of Best Buy’s Board of Directors. Barry is known for her innovative leadership and her role in driving Best Buy’s strategic transformation.
Professional Background
Barry joined Best Buy in 1999 and has held various executive roles over the years. Her career trajectory within the company demonstrates her deep understanding of the retail and technology sectors. Some of her notable roles at Best Buy include:
- Chief Financial and Strategic Transformation Officer: In this role, Barry oversaw major areas such as digital and technology, global finance, investor relations, and strategic transformation initiatives.
- Chief Financial Officer (CFO): She was appointed CFO in 2016, where she managed financial strategies and operations.
- Chief Strategic Growth Officer: Barry focused on expanding Best Buy’s growth opportunities and ensuring long-term success.
- Interim President of Best Buy’s Services Organization: She temporarily led the company’s services division, further broadening her leadership experience.
Before joining Best Buy, Barry worked as an auditor at Deloitte & Touche, gaining valuable financial and operational expertise.
Education
Barry holds bachelor’s degrees in Accounting and Management from the College of St. Benedict, where she now serves as a trustee on the board.
Corie Barry’s Role as Best Buy CEO
Corie Barry became the CEO of Best Buy in June 2019, making her the company’s first female CEO. Under her leadership, Best Buy has continued to thrive in the competitive retail and technology markets, with a focus on innovation, customer experience, and digital transformation.
Barry has been instrumental in advancing Best Buy’s Building the New Blue growth strategy, which aims to modernize the company’s operations, expand its e-commerce capabilities, and strengthen its position in the health and wellness market. Today, Best Buy employs over 85,000 people in North America and generates annual revenue exceeding $43 billion.
Corie Barry’s Salary and Total Compensation
Corie Barry’s salary and total compensation reflect her leadership role and the significant responsibilities she holds as CEO of a Fortune 500 company.
2024 Compensation
- Base Salary: $1.3 million.
- Total Compensation: $16 million, representing a 12% increase from the previous fiscal year.
- The majority of her compensation came from stock awards, which are tied to the company’s performance.
2025 Compensation
- Base Salary: $1.35 million.
- Total Compensation: $16.15 million.
- Similar to 2024, stock awards formed the largest portion of her earnings.
2023 Compensation
- Total compensation in 2023 was $14.4 million, showing consistent growth in her earnings over the years.
How Is Corie Barry’s Compensation Structured?
Corie Barry’s compensation is performance-driven, with a significant portion of her earnings tied to stock awards and bonuses. This structure ensures that her financial incentives align with the company’s overall performance and shareholder value.
Breakdown of Compensation
- Base Salary: This is the fixed portion of her pay, which increased slightly from $1.3 million in 2024 to $1.35 million in 2025.
- Stock Awards: The largest component of her compensation, reflecting Best Buy’s focus on rewarding long-term performance.
- Bonuses and Incentives: Additional earnings based on achieving specific financial and strategic goals.
- Other Compensation: Includes retirement contributions, health benefits, and other perks.
Corie Barry’s Net Worth
Corie Barry’s net worth has grown significantly during her tenure as CEO of Best Buy. Her wealth is primarily derived from her salary, stock holdings, and performance bonuses.
Estimated Net Worth
- As of August 2025, Corie Barry’s net worth is estimated to be $66 million.
- This figure includes her earnings from Best Buy, stock awards, and her role on the Board of Directors for Domino’s Pizza.
Stock Holdings
- Barry owns a substantial amount of Best Buy stock, which has contributed significantly to her net worth.
- Her stock awards are tied to the company’s performance, incentivizing her to drive growth and profitability.
How Does Corie Barry’s Salary Compare to Other CEOs in Retail?
Corie Barry’s total compensation is competitive when compared to other CEOs in the retail and consumer electronics sectors.
Industry Comparisons
- Amazon CEO (Andy Jassy): In 2024, Jassy earned a total compensation of approximately $212 million, significantly higher than Barry’s $16 million.
- Walmart CEO (Doug McMillon): McMillon’s total compensation in 2024 was reported at $25.7 million, also higher than Barry’s earnings.
- Target CEO (Brian Cornell): Cornell earned $19.8 million in total compensation in 2024, slightly more than Barry.
While Barry’s salary is lower compared to some of her peers, it reflects Best Buy’s size and market position relative to these retail giants. Additionally, her compensation has steadily increased, indicating her growing impact on the company’s performance.
Best Buy’s Financial Performance Under Corie Barry
Corie Barry’s leadership has been instrumental in driving Best Buy’s financial success and adapting the company to a rapidly changing retail landscape.
Key Financial Metrics (2024–2025)
- Annual Revenue: Over $43 billion, showcasing consistent growth.
- E-Commerce Growth: Significant investments in online shopping platforms and digital transformation.
- Market Expansion: Focus on health and wellness technology, including partnerships and acquisitions in the healthcare sector.
Barry’s ability to navigate challenges, such as the COVID-19 pandemic and shifts in consumer behavior, has been widely recognized. Her strategic initiatives, including the expansion of Best Buy Health, have positioned the company for long-term success.
Public Perception of Corie Barry’s Salary
Executive compensation often sparks public debate, and Corie Barry’s salary is no exception. While some view her pay as a reflection of her leadership and the company’s success, others raise concerns about income inequality.
Support for Barry’s Pay
- Advocates argue that her compensation is justified given her critical role in transforming Best Buy and driving its financial success.
- Her performance-based pay ensures that her earnings are tied to the company’s outcomes, benefiting shareholders and employees alike.
Criticism of Executive Pay
- Critics highlight the significant disparity between Barry’s pay and the average employee salary at Best Buy.
- Barry’s pay is estimated to be 339–429 times higher than that of a line-level employee, raising questions about income inequality.
Historical Trends in Best Buy CEO Salaries
Corie Barry’s earnings have steadily increased during her tenure as CEO, reflecting her growing impact on Best Buy’s success.
Compensation Over the Years
- 2019: Barry became CEO in June 2019, with her initial compensation reflecting her transition into the role.
- 2023: Total compensation was $14.4 million, marking a significant increase from previous years.
- 2024: Total compensation rose to $16 million, a 12% increase from 2023.
- 2025: Her earnings reached $16.15 million, continuing the upward trend.
Leadership Impact and Corporate Responsibility
Corie Barry’s leadership extends beyond financial performance. She has been a strong advocate for diversity, sustainability, and corporate responsibility.
Diversity and Inclusion
- Barry has prioritized creating a diverse and inclusive workplace at Best Buy.
- The company has launched initiatives to support underrepresented groups and promote equity across its workforce.
Sustainability Efforts
- Best Buy has invested in sustainable practices, including reducing its carbon footprint and promoting eco-friendly products.
- Under Barry’s leadership, the company has set ambitious goals for environmental sustainability.
Community Engagement
- Best Buy is committed to supporting local communities through charitable initiatives and programs that provide technology access to underserved populations.
- Barry has emphasized the importance of corporate responsibility in improving lives and fostering community development.
Key Takeaways
Corie Barry’s salary and net worth reflect her significant contributions to Best Buy and the retail industry. Her total compensation of $16.15 million in 2025 and estimated net worth of $66 million highlight her impact on the company’s financial success and strategic growth.
Barry’s pay structure is heavily performance-based, ensuring that her financial incentives align with Best Buy’s goals and shareholder interests. While her compensation has attracted both support and criticism, it is clear that her leadership has been instrumental in driving the company’s transformation and long-term success.
FAQs
- Who is the CEO of Best Buy?
Corie Barry is the CEO of Best Buy Co., Inc. She has held the position since June 2019.
- What is Corie Barry’s annual salary?
In 2024, her base salary was $1.3 million, and her total compensation was $16 million.
- How much is Corie Barry’s net worth?
As of August 2025, her net worth is estimated to be $66 million.
- How does Corie Barry’s salary compare to other retail CEOs?
While Barry’s salary is competitive, it is lower than CEOs of companies like Amazon and Walmart.
- What factors influence Corie Barry’s compensation?
Her pay is tied to company performance, stock awards, and strategic achievements.
Conclusion
Corie Barry’s journey from an auditor at Deloitte to the CEO of Best Buy is a testament to her leadership and business acumen. Her salary and net worth reflect her ability to drive innovation, growth, and transformation in one of the largest consumer electronics retailers in the world.