Who is Charles Butt?
He is the Chairman and majority shareholder of the grocery chain HEB. He was born in February 1938. He is not married and doesn’t have children. He is the son of Howard Edward Butt Sr. He is the grandson of HEB founder Florence Butt.
HEB is a privately owned supermarket chain. The company was founded by Florence Butt in 1905. In 1926 a second store was opened by Howard E Butt.
The company now has more than 380 stores. And realizes more than US$ 23 billion in annual sales. The company has 101,000 employees. The company is listed #12 on Forbes’ America’s Largest Private Companies.
Butt became chairman of the H.E. Butt Grocery Company in 1971. How Much is HEB worth? Around US$ 10 billion.
Charles Butt Net Worth
The Heb owner’s net worth is estimated at US$ 10 billion. He is the richest man in San Antonio, Texas.
The Butt family are active philanthropists. They donate 5% of the profits to charity. In November 2001, the Mexican government awarded Butt the Aguila Azteca medal. Dor his philanthropic activities in Mexico.
In 2017 he donated several million to Houston’s Hurrican Harvey Relieve Fund.
Charles Butt House
He lives in a relatively modest house (for one of the richest men in the USA) in San Antonio, Texas.