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- Howard Schultz, Starbucks ' former longtime CEO and chairman, is a self-made billionaire who revolutionized the coffee industry. His net worth has been estimated at $3.4 billion.
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3 days ago · PROFILE. Howard Schultz. $3.4B. $1M (0.03%) Real Time Net Worth. as of 10/30/24. #1027 in the world today. Photo by Jamel Toppin/The Forbes Collection. From the Editor. Howard Schultz took...
Following large-scale distribution deals, Starbucks became the largest coffee-house chain in the world. Schultz took the company public in 1992 and used a $271 million valuation to double their store count in a series of highly publicized coffee wars. He stepped down as CEO in 2000, succeeded by Orin Smith.
- What Is Howard Schultz's Net Worth?
- Early Life and Education
- Career Beginnings
- Starbucks Early Years
- Starbucks Expansion
- Final Years as Starbucks CEO
- Basketball Team Ownership
- Books
- Political Views
- Other Ventures
Howard Schultz is an American billionaire entrepreneur who has a net worth of $3.5 billion. Howard Schultz is best known for serving as the CEO of the coffee chain Starbucks. He first held that position from 1986 to 2000, and then again from 2008 to 2017 and again in an interim capacity in 2022. Beyond Starbucks, Schultz owned the Seattle SuperSoni...
Howard Schultz was born on July 19, 1953 in the Brooklyn borough of New York City to Jewish parents Elaine and Fred. Growing up poor, he was raised in the Canarsie public housing projects. Schultz attended the Boys' Club of New York as a youth, and went to Canarsie High School. Following his graduation in 1971, he attended Northern Michigan Univers...
Remaining in Michigan after graduating from college, Schultz took a job at a ski lodge for a year. Subsequently, he moved back to New York City and became a salesman for Xerox. Following that gig, Schultz was recruited by the Swedish kitchenware manufacturer Hammarplast to become the general manager of its American division. At the company, he was ...
At the age of 29 in 1982, Schultz was hired by Starbucks as the director of marketing and retail operations. The next year, after coming back from a buying trip to Milan, Italy, he tried to persuade Starbucks owners Jerry Baldwin and Gordon Bowker to begin selling traditional espresso beverages in addition to the whole bean coffee and tea leaves th...
In the new millennium, Schultz worked to significantly expand the global market reach of Starbucks, with the company opening numerous stores in China. After serving as the chief global strategist for eight years, he returned in early 2008 to the position of CEO. During this time, Starbucks was being heavily criticized for its employee labor conditi...
In December of 2016, Schultz again left his CEO post at Starbucks, and became executive chairman. A year-and-a-half later, he announced his retirement from active management of the company. However, Schultz returned as an interim CEO in March of 2022 after Kevin Johnsonleft the position.
Beyond his work at Starbucks, Schultz has been involved in the executive world of professional basketball. In early 2001, he led a group of investors in the purchase of the NBA's Seattle SuperSonics and the WNBA's Seattle Storm. During his ownership of the former team, Schultz was widely criticized for running the franchise more like a business tha...
Schultz has penned a number of books on business. His first, "Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time," was co-written by Dori Jones Yang and published in 1997. His next book was 2011's "Onward: How Starbucks Fought for its Life Without Losing its Soul," co-written by Joanne Gordon. Next, with Rajiv Chandrasekaran, ...
A neoliberal technocrat, Schultz supports free trade, tax reform, gun control, and a balanced budget. He is notably anti-union, having cracked down on unionization at Starbucks since the 80s. Schultz is known to be a deficit hawk in terms of the economy, and a liberal hawk in terms of foreign affairs. He has publicly considered running for US presi...
Among his other ventures, Schultz and investment banker Dan Levitan founded the venture capital firm Maveron in 1998. The group mostly invests in startups and consumer-focused companies. By the summer of 2014, Maveron was worth $1.3 billion in assets under management.
- Celebrity Net Worth
Dec 13, 2017 · The chain reported net revenues of $22.4 billion in 2017, and the company's market cap is roughly $84 billion. Schultz's net worth is roughly $3 billion.
Sep 14, 2023 · Howard Schultz has an estimated net worth of $3.2 billion, per Forbes. Schultz is also the founder of the venture capital firm Maveron, where he has invested in several major companies...
- Sam Silverman
- Content Strategy Editor
Jan 28, 2019 · Howard Schultz, Starbucks' former longtime CEO and chairman, is a self-made billionaire who revolutionized the coffee industry. His net worth has been estimated at $3.4 billion.
Oct 22, 2015 · He's now responsible for Starbucks, one of the world's most beloved brands, and worth at least $3 billion as chairman and CEO of the Fortune 500 company. But it wasn't an easy path to the top.
