Howard Schultz (born July 19, 1953) is an American businessman. He is executive chairman of Starbucks and a former owner of the Seattle SuperSonics. He was a member of the Board of Directors at Square, Inc. In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. In 2016, Forbes magazine ranked Schultz as the 595th richest person in the United States, with a net worth of $2.9 Billion as of September 2016.
On December 1, 2016, Schultz announced his resignation as CEO of Starbucks, effective April 2017. He will become executive chairman, with Kevin Johnson to become CEO.
Early life and education
Schultz was born to a Jewish family on July 19, 1953 in Brooklyn, New York, the son of ex-United States Army trooper and then truck driver Fred Schultz, and his wife, Elaine (Lederman). With his younger sister, Ronnie, and brother, Michael, he grew up in the Canarsie Bayview Houses of the New York City Housing Authority. As Schultz’s family was poor, he saw an escape in sports such as baseball, football, and basketball, as well as the Boys and Girls Club. He went to Canarsie High School, from which he graduated in 1971. In high school, Schultz excelled at sports and was awarded an athletic scholarship to Northern Michigan University – the first person in his family to go to college. A member of Tau Kappa Epsilon, Schultz received his bachelor’s degree in Communications in 1975.
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Schultz in April 2011
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| Born | July 19, 1953 Brooklyn, New York, United States |
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| Alma mater | Northern Michigan University |
| Occupation | Executive Chairman, Starbucks |
| Salary | US$ 21,775,001 |
| Net worth | US$ 3.1 billions (Forbes – April 2017) |
| Spouse(s) | Sheri Kersch Schultz (m. 1982) |
| Children | Eliahu Jordan Schultz Addison Kersch Schultz |
| Website | Starbucks |
Howard Schultz net worth and salary: Howard Schultz is an American billionaire entrepreneur who has a net worth of $3 billion. Born in Brooklyn, New York, Howard Schultz grew up in a poor family. He proved to be an excellent athlete and subsequently received an athletic scholarship to Northern Michigan University. He graduated in the early 70s with a degree in Communications and began working for Xerox. He left Xerox to become a manager for a Swedish coffee manufacturer. While working there, he was introduced to a group of Seattle-based coffee makers that had started a company called Starbucks Coffee Company. He became their Director of Marketing. He suggested that they take their coffee company in the same direction as the coffee shops of Italy, but they were not interested in creating a “café-like” culture. He started his own coffee shop, Il Giornale, and ultimately bought Starbucks from the original owners. He grew the company to the billion-dollar industry it is today. As of this writing, Starbucks has a market capitalization north of $55 billion dollars. In September 2013, Howard angered some gun owners by asking people to not bring guns into Starbucks locations. He is also a supporter of raising minimum wages. In June 2014, Schultz announced that every Starbucks employee will be able to take free online college classes from Arizona State. He is also the former owner of the Seattle Supersonics basketball team.
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