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Howard Schultz Net Worth

How rich is Howard Schultz?

Howard Schultz net worth:
$3 Billion

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Howard Schultz Net Worth, Biography, Wiki 2017-2016

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.


More about Howard Schultz:

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Producer

Producer

TitleYearStatusCharacter
Dating Naked 2014 TV Series executive producer announced
Are You the One? 2014 TV Series executive producer - 15 episodes
Lone Star Legend 2013 TV Series executive producer - 8 episodes
72 Hours 2013 TV Series executive producer - 8 episodes
Plastic Wives 2013 TV Movie executive producer
USA vs. the World 2009 TV Movie executive producer
The Moment of Truth 2008 TV Series executive producer - 46 episodes
Extreme Makeover 2006-2007 TV Series executive producer - 2 episodes
Las Vegas Law 2006 TV Series executive producer
Married in Vegas 2005 TV Movie executive producer
Next 2005 TV Series executive producer
Marc Salem's Out of His Mind 2003 TV Movie executive producer
Love Shack 2002 TV Series executive producer
Sex Wars 2000 TV Series executive producer
Happy Hour 1999 TV Series executive producer
The Last Tzaddik 1998 Short executive producer
Nowhere to Go 1998 producer
The Big Date 1996 TV Series executive producer
George & Alana 1996 TV Series executive producer - 2 episodes
Goodnight America 1994 TV Series executive producer
Jones & Jury 1994 TV Series executive producer
Bedroom Buddies 1992 TV Series executive producer
Studs 1991 TV Series executive producer

Writer

Writer

TitleYearStatusCharacter
Next 2010 TV Series based on the original format created by
Extreme Makeover 2008-2009 TV Series 10 episodes
The Moment of Truth 2008 TV Series 18 episodes
Nothing But the Truth 2007 TV Series creator
Extreme Makeover 2004-2007 TV Series 6 episodes
Extreme Makeover UK 2004 TV Series creator

Miscellaneous

Miscellaneous

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

Self

Self

TitleYearStatusCharacter
E! True Hollywood Story 2007 TV Series documentary Himself

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