CEO
Howard Schultz Net Worth
Howard Schultz's Net Worth as of 2024
$3 Billion
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.
Billionaires
Mark Zuckerberg Net Worth
Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!
So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.
Mark Zuckerberg Net Worth $56 Billion
Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.
Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.
Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.
Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.
In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.
Billionaires
Frank Lowy Net Worth
Frank Lowy was born on the 22nd October 1930 in Fiľakovo, now Slovakia, of Jewish origin and is an Australian entrepreneur. Lowy founded and led the Australian retail company the Westfield Group. According to US Forbes Magazine, Lowy is one of the richest Australians, having been active in business since 1952. Lowy was also the president of the Football (soccer) Federation of Australia from 2003until 2015.
How much is the net worth of Frank Lowy? It has been estimated by authoritative sources that the overall size of his wealth is as much as $5.1 billion, as of the data presented in the middle of 2017 Westfield Corporation is the major source of Lowy net worth. It should be noted that Frank has been listed in Financial Review Rich List every year since 1983. In 2010, he became the richest person in Australia with the estimated net worth of A$5.04 billion at the time.
Frank Lowy Net Worth $5.1 Billion
To begin with, the boy was born in Slovakia, but lived in a ghetto in Hungary in the time of World War II. In 1946, he managed to escape and reached France, where he boarded a ship and wanted to reach Palestine, but was caught and detained by the British in a camp in Cyprus. However, he managed to serve in the Jewish paramilitary organization Golani Brigade, and participated in the Israeli – Arab War in 1948.
His family was based in Hungary and had a small business, and in 1952, Lowy joined them and they all migrated to Australia. In 1960, he founded the company which is currently entitled Westfield Corporation Limited, in Sydney, Australia, developing shopping centers which even operated in the US from 1977. The company continued to specialize in shopping centres, and the Westfield Group now owns and operates shopping centres in Australia, New Zealand, the UK and the US. All the shopping centres are advertised with the brand Westfield or Westfield Shoppingtown. Those have added significant sums to the overall size of Frank Lowy net worth.
From the beginning of the company until 2010, Lowy held the position of executive chairman of the Westfield Group; currently, he serves as the non – executive chairman. From 2008 to 2010, he and his company became the focus of a US tax investigation, after Swiss and Liechtenstein accounts were discovered – no wrong-doing was discovered.
Additionally, he served as the director of the Reserve Bank of Australia from 1995 to 2005. Significantly involved in the development of soccer in Australia, Lowy was the president of the Football Federation Australia from 2003 to 2015, succeeded by his son.
He was appointed a Companion of the Order of Australia in 2000, and in 2005, Lowy received the Woodrow Wilson Award for Corporate Citizenship. Several years later, the businessman was honoured with the Henni Friedlander Award, among a number of other awards and honours.
Finally, in the personal life of Frank Lowy, he is married to Shirley Lowy, who he met in 1951. They have three sons: Peter, Steven, and David who took over the lead of Westfield. Currently, Frank resides in Point Piper, Sydney, Australia. Since 2003, he is also owner of the mega-yacht Ilona. It is Lowy’s fourth yacht, and he has travelled around the world four times. However, the family is involved in philanthropy too, with a particular interest in cancer research and treatment.
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