Howard Schultz is a very famous businessman who was the owner of Seattle SuperSonics. He has served as the chief executive officer of Starbucks. He has ventured into many other businesses and is the co-founder of the investment group, Maveron. In addition to this, he has also served as a member of Square, Inc. Keep reading to know more about the net worth of Howard Schultz in 2020.
Early Life & Biography
Howard Schultz was born in July 1953 in New York City. His mother was Elaine Lederman and his father was Fred Schultz. He is a Jewish, and his father used to work in the U.S. Army who later worked as a truck driver. He spent his childhood in New York City Housing Authority along with his siblings Michael and Ronnie. He comes from a poor family and used to escape in many types of sports.
In 1971, he graduated from Canarsie High School. Later, he went to Northern Michigan University on an athletic scholarship. In doing so, Schultz became the first person from his family to enter college. In there, he was a member of the Tau Kappa Epsilon.
Howard Schultz has been successfully married to his wife Sheri Kersch since 1982. They have been together for almost 36 years. They have two children named Jordan and Addison Schultz. His son, Jordan works with The Huffington Post as a sportswriter. Howard supports same-sex marriage and is the founder of the Schultz Family Foundation. His foundation supports the ‘Onward Youth’ and ‘Onward Veterans’.
Career, Award & Nominations
Soon after completing his college, Howard Schultz in the Xerox Corporation as a salesman. His hard work and dedication, made him become a sales representative. He became the general manager of Hammarplast in 1979. In 1982, he joined the Starbucks Coffee Company as a marketing director. He remained with the company till 1985. He then raised money to create the store called “Il Giornale”. It used to sell ice cream and also had opera singing on the back. Later, it was named as Starbucks.
From 1986 to 2000, Schultz served as the CEO of Starbucks. From 2008 to 2017, he again served as the CEO of the company and was later named as the executive chairman of the company. In 2007, Schultz was conferred with the FIRST Responsible Capitalism Award. He was also named as the Businessperson of the Year in 2011 by Fortune.
In addition to these, he was previously the owner of Seattle SuperSonics of the National Basketball Association. He was the owner of Seattle Storm of the WNBA. He sold the team in 2006 to Clay Bennett. In 2017, he won the National Equal Justice Award by the NAACP Legal Defense Educational Fund. He has also received the International Distinguished Entrepreneur Award in 2004. Schultz has been very vocal about the national economy of the United Kingdom.
Net Worth & Earnings
Think how much will a person have who done many endeavours during his entire career? He has successfully owned sports team and has served as the CEO of Starbucks. He has been on the boards of many companies. The businessman has got a net worth of over $3 billion. He has received several honours and has also written many books. His books are “Put Your Heart Into It”, “Onward”, and “For Love of Country”. According to Forbes, he is one of the richest persons in the USA.
Howard Schultz is a very famous man who has been bestowed with several awards. He is very influential and there are speculations that he might run for the President of the United States in the near future. We hope that this businessman could well explore other things by becoming a politician.