Charles Butt Net Worth is$6.4 Billion
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Profession: Businessperson, Grocer
Date of Birth: 1940
Country: United States of America
Charles Butt, an American businessman best known for the HEB supermarket chain in Texas and northern Mexico, has a net worth of $6.4 billion. His net worth speaks to the success his family had in the supermarket industry, and in 1971 he took over the family grocery store business. The stores name comes from the initials of Howard E. Butt, son of the founder of the family grocery store (and Charles Butts father). Since then, the business has continued to grow into one of the largest privately held companies in America and the largest one in the state of Texas. The HEB brand is known for its competitive pricing and customer service, as well as its commendable donations to charity, consistently donating five percent of its earnings before taxes to charities in the community. The HEB brand has expanded into several different varieties over the years, including the Central Market brand, a Whole Foods inspired supermarket chain featuring a wide variety of gourmet options, cooking classes, and even a caf with live music performed on certain nights of the week. All of these innovations (or skilled replications) of what a supermarket can be can in some way be credited to Charles Butt.
Charles Clarence Butt (born February 3, 1938) is an American grocer who took over his family's San Antonio-based H-E-B supermarket chain in 1971. The privately held company now has more than 300 stores and $17 billion in sales, according to Forbes magazine.
Butt graduated from University of Pennsylvania's Wharton School with a Bachelor of Arts / Science. He earned a Master of Business Administration from Harvard Business School. He became president of the H.E. Butt Grocery Company in 1971.
On November 14, 2001, the Mexican government awarded Butt the Aguila Azteca medal for his philanthropic involvement and business dealings in Mexico.

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Charles Butt Latest News

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H-E-B's Charles C. Butt ranked in 'best CEO' survey by employees

Charles C. Butt has been ranked number 16, just ahead of Google's CEO, in Glassdoor's 2017 Highest Rated CEOs survey. The results are based on employee reviews, including the "quality and consistency of reviews" on Glassdoor's website. Butt received a 97 ...
Posted: June 23, 2017, 8:47 pm

Killeen student to receive scholarship, ongoing training to become teacher

The Raise Your Hand Texas Foundation announced Wednesday that Ellison High School student Trey Fisher is among 100 recipients of the Charles Butt Scholarship for Aspiring Teachers. Fisher will receive an $8,000 scholarship each year of college, as well as ...
Posted: May 23, 2018, 12:39 pm
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