Who is Howard Schultz?
He is a US-based billionaire. He was born in 1954. He is married to Sheri Schultz, they have 2 children. He was Chairman of Starbucks Coffee
Starbuck is the world’s largest coffeehouse chain. The company has more than 30,000 locations in 70 countries. The company was founded in 1971 and was bought by Schultz in 1980. Schultz focussed on a quick expansion of the company. Starbucks realizes more than $26 billion in annual sales and has a net profit of $3.5 billion. The group has more than 345,000 employees. It is stock-listed in NYC.
Schultz owns more than 30,000,000 shares in the company and he has options on 5,000,000 shares. With a share price of around $100 (Dec 2020), these shares are worth $ 3.5 billion.
Schultz is the owner of the private equity firm Maveron, which invests more than $1.3 billion. Investments include Ebay, Drugstore.com and the e-commerce company zulily.
Schultz’s net worth is estimated at $ 5 billion.
Howard and his wife Sheri are active philanthropists through their Schultz Family Foundation. They support military veterans and fight youth unemployment.