CHARLES BUTT • Net Worth $10 Billion • House • Yacht • Private Jet

Name:Charles Butt
Net Worth:$ 10 billion
Source of Wealth:HEB Grocery
Born:February 3, 1938
Age:
Country:USA
Wife:n/a
Children:n/a
Residence:San Antonio, Texas, USA
Private Jet:Bombardier Challenger 300 (N797CB)
YachtRebecca

Meet Charles Butt: The Visionary Behind HEB

Charles Butt is a prominent figure in the grocery industry, best known as the Chairman and majority shareholder of HEB, a privately-owned supermarket chain. Born in February 1938, he is the son of Howard Edward Butt Sr. and the grandson of HEB founder Florence Butt. While he is not married and does not have children, Butt has become a well-respected figure in the industry, thanks to his leadership and vision.

Key Takeaways:

  • Charles Butt is the Chairman and majority shareholder of HEB Grocery.
  • He has a net worth of $10 billion.
  • Butt owns the luxury yacht Rebecca and a Bombardier Challenger 300 private jet.
  • He is known for his philanthropy, including donations to the San Antonio Food Bank and the Hurricane Harvey Relief Fund.
  • Butt resides in a modest house in San Antonio, Texas.

HEB’s Success

HEB was founded by Florence Butt in 1905 and later expanded by Howard E Butt in 1926. Today, the company operates more than 380 stores and employs over 101,000 people. It realizes more than US$23 billion in annual sales and is listed at #12 on Forbes’ America’s Largest Private Companies. As the Chairman of the company since 1971, Butt has been instrumental in driving HEB’s growth and success.

Net Worth

Butt is also recognized as the richest man in San Antonio, Texas, with an estimated net worth of US$10 billion. His success in the grocery industry and HEB’s profitability have made him a highly respected figure among his peers.

Dedication to Philanthropy and Community

Butt and his family are also known for their philanthropic activities. HEB donates 5% of its profits to charity, and Butt has been involved in several charitable organizations, including the San Antonio Food Bank and the Butt Family Foundation. He was awarded the Aguila Azteca medal by the Mexican government in November 2001 for his philanthropic activities in Mexico.
In 2017, Butt donated several million dollars to the Hurricane Harvey Relief Fund in Houston, showcasing his commitment to helping his community. His dedication to philanthropy and community involvement has made him an inspiration to many.

Overall, Charles Butt’s success in the grocery industry and HEB’s growth and profitability are a testament to his leadership and vision. His philanthropic activities further showcase his dedication to improving the lives of those around him, making him a highly respected figure both in the industry and his community.

Sources

https://www.forbes.com/profile/charlesbutt

https://en.wikipedia.org/wiki/CharlesButt

https://en.wikipedia.org/wiki/H-E-B

https://careers.heb.com/about-heb/

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Yacht Rebecca Owner

Charles Butt


Charles Butt House

Luxury Yacht Rebecca


Rebecca is a stunning sailing yacht built at the renowned Pendennis shipyard in 1999, designed by the world-renowned yacht designer German Frers. With a length of 42 meters, the yacht boasts an exceptional attention to detail and expertise in luxury yacht design.

The interior of Rebecca is just as impressive, with accommodations for up to eight guests and a crew of eight, ensuring that every guest is attended to by an experienced and professional team. The yacht’s elegant designs provide a comfortable and relaxing atmosphere for guests to unwind in.

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