Howard Schultz
Overview
- Source of Wealth
- Starbucks
- Industry
- Food & Beverage
- Residence
- Seattle, Washington
- Education
- Northern Michigan University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 2
Assets
- Starbucks Corp.14,665,984 shares @ --SBUX-US
Biography
Howard Schultz took charge of Starbucks in the 1980s and turned a regional coffee company into one of the world's top brands.
Schultz expanded Starbucks from 11 stores to more than 35,000 worldwide and made it a social hub for many Americans.
He served three stints as CEO, most recently stepping down in early 2023.
Schultz explored a 2020 presidential bid, but said in September 2019 that he would not run because it would risk the re-election of Donald Trump.
His Schultz Family Foundation invests in training and hiring veterans and youths, helping veterans ensure a smooth transition back into civilian life.
Through his VC firm Maveron Capital, Schultz invests in other consumer businesses such as Groupon, Madison Reed, Allbirds and Lucy.
About
Schultz grew up in a Brooklyn housing project. When he was 7, his dad, a cloth diaper delivery driver, fell on the job; he had no insurance or salary.
The first person in his family to graduate from college, Schultz attended Northern Michigan University on a football scholarship.