#1312
Howard Butt III & family
United States 74 years old
Overview
- Source of Wealth
- Supermarkets
- Industry
- Fashion & Retail
- Residence
- San Antonio, Texas
- Marital Status
- Married
- Children
- 3
Biography
Howard Butt III is CEO of Texas grocery store chain H-E-B and serves on the board.
His uncle Charles Butt is the company's chairman.
His brother, Stephen Butt, is H-E-B's President of Shareholder Relations and its Central Market division, focused on specialty foods, and serves on the board.
The Butt family owns a majority of the $50 billion (sales) company.
H-E-B has 455 stores in Texas and Mexico and employs 160,000 people.
About
H-E-B gives 5% of pretax profits to charity each year.
Butt's great-grandmother, Florence Butt, started the company in 1905.