CEO

Howard Schultz Net Worth

Howard Schultz Net Worth is
$3 Billion

Howard Schultz Biography

Howard Schultz was born on 19 July 1953, in Brooklyn, New York City USA into a relatively poor Jewish family, and is an entrepreneur and businessman, perhaps best known to the majority of people as the chairman, CEO and president of the popular coffee company and coffee-house chain called “Starbucks”.

A famous businessman, how rich is Howard Schultz? According to sources, Howard Schultz’s net worth is estimated to be an impressive $3 billion. Undoubtedly, the majority of Howard Schultz’s wealth comes from his involvement in the “Starbucks” company over more than 30 years, as well as other business ventures.

Howard Schultz Net Worth $3 Billion

Howard Schultz was educated at Canarsie High School, where as a teenager, Schultz was interested in various sports, including basketball and baseball, as a way of coping with troubling reality, that is, lack of money. Schultz went on to continue his studies at Northern Michigan University on an athletic scholarship, from which graduated with a degree in communications, the first in his family to attend university. After receiving his degree, Schultz began working for the document management company “Xerox”, where he rose from being a salesman to a sales representative. However, Schultz left his job at “Xerox” in 1979, to work for a Swedish manufacturer of coffee, “Hammerplast”, where he became US manager for the company in 1981.

Eventually, Schultz learned about “Starbucks”, founded in 1971 by Jerry Baldwin, Gordon Bowker and Zev Siegl. which was located in Seattle at the time, and as he expressed a desire to work for them, he was hired for the position of Director of Marketing. However, following a visit to coffee-mad Italy and after subsequent difference of opinion with the owners over becoming a chain of coffee houses, Schultz left the company in order to open his own cafe. As he did not have the money, Gordon Bowker and Jerry Baldwin offered their help and soon after Schultz opened his first store named “Il Giornale”. In 1988, the owners of “Starbucks” sold their business to Schultz – for $3.8 billion – and he adopted the “Starbucks” name, which would soon be recognized all around the world. Schultz’s business insights helped him expand the business firstly around California, where it became known as trendy and fashionable, then across the USA, before the company was floated on the NYSE in 1992, and the rest is a history. Since being acquired by Schultz, “Starbucks” has become one of the largest and most popular coffee-house companies in the world, with more than 23 000 stores owned in over 65 countries. “Starbucks” opened its first store abroad in Tokyo in 1996, which was a first successful step in establishing coffeehouses all around the world. Clearly “Starbucks” is the main source of Schultz’s net worth.

Scchultz actually took a break from direct involvement in “Starbucks” in 2000, partly to indulge his sports interest by acquiring the Seattle Supersonics basketball team, which he then sold at a profit in 2006. Concurrently, after the success of his first book, co-authored with Dori Jones Yang – “Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time”  released in 1997, he was working on his second book, “Onward: How Starbucks Fought for Its Life Without Losing Its Soul co-authored with Joanne Gordon and eventually published in 2011. Both added to his net worth.

“Starbucks” has continued to be a great business success under the direction of Howard Schultz, such that he was listed as  Business Person of the Year by Fortune magazine in 2011, and has been on the list since then – probably the highest accolade among several other awards over the last 15 years, including National Leadership Award, International Distinguished Entrepreneur Award, which he received in 2004, and FIRST Responsible Capitalism Award to name a few.

In his personal life, Howard Schultz married Sheri Kersch in 1982, and they have two sons.

Known for movies

Quick Facts

Net Worth$3 Billion
Date Of BirthJuly 19, 1953
Place Of BirthBrooklyn, New York City, New York, United States
ProfessionEntrepreneur, Businessperson, Television producer, Screenwriter
EducationNorthern Michigan University, Canarsie High School
NationalityAmerican
SpouseSheri Kersch Schultz
NicknamesHoward D Schultz , Howard D. Schultz
Wikipediahttps://en.wikipedia.org/wiki/Howard_Schultz
AwardsNational Leadership Award, International Distinguished Entrepreneur Award (2004), FIRST Responsible Capitalism Award
NominationsBusiness Person of the Year (Fortune magazine, 2011)


Filmography

Producer

TitleYearStatusCharacter
Dating Naked2014-2015TV Series executive producer - 21 episodes
Twinning2015TV Series executive producer
Are You the One?2014TV Series executive producer - 15 episodes
Are You the One? The Aftermatch Live2014TV Series executive producer
Lone Star Legend2013TV Series executive producer - 8 episodes
72 Hours2013TV Series executive producer - 8 episodes
Plastic Wives2013TV Movie executive producer
USA vs. the World2009TV Movie executive producer
The Moment of Truth2008TV Series executive producer - 46 episodes
Extreme Makeover2006-2007TV Series executive producer - 2 episodes
Las Vegas Law2006TV Series executive producer
Married in Vegas2005TV Movie executive producer
Next2005/ITV Series executive producer
Marc Salem's Out of His Mind2003TV Movie executive producer
Love Shack2002TV Series executive producer
Sex Wars2000TV Series executive producer
Happy Hour1999TV Series executive producer
The Last Tzaddik1998Short executive producer
Nowhere to Go1998producer
The Big Date1996TV Series executive producer
George & Alana1996TV Series executive producer - 2 episodes
Goodnight America1994TV Series executive producer
Jones & Jury1994TV Series executive producer
Bedroom Buddies1992TV Series executive producer
Studs1992TV Series executive producer - 1 episode

Writer

TitleYearStatusCharacter
Next2010TV Series based on the original format created by
Extreme Makeover2008-2009TV Series creator - 10 episodes
The Moment of Truth2008TV Series 18 episodes
Nothing But the Truth2007TV Series creator
Extreme Makeover2004-2007TV Series 6 episodes
Extreme Makeover UK2004TV Series creator

Miscellaneous

TitleYearStatusCharacter
Are You the One?2014TV Series concept by - 10 episodes

Self

TitleYearStatusCharacter
E! True Hollywood Story2007TV Series documentaryHimself
Source
IMDB Wikipedia
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