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

City’s 300th birthday to benefit East Side park

A personal donation of $1 million by H-E-B Chairman and CEO Charles Butt puts redevelopment of an East Side city park halfway on track for completion in summer 2018, as part of San Antonio’s yearlong tricentennial celebration. To continue reading this ...
Posted: October 13, 2016, 6:48 pm

Butt’s Million-Dollar Gift to Revitalize Eastside Park by 2018

In an effort to enhance the quality of life for the San Antonio community and continue the momentum of the Eastside’s revitalization, H-E-B Chairman and CEO Charles Butt has pledged a personal donation of $1 million to the redevelopment of the park ...
Posted: October 12, 2016, 10:40 pm

Crowd Power: Tech Bloc fundraising for $10M local tech high school, aims to leverage Weston grant

Local grocery retailer H-E-B and company chairman Charles Butt donated $3.6 million to jumpstart the school earlier this year. It's a race to graduate students proficient with information technology skills, like computer programming, said Pedro Martinez ...
Posted: October 25, 2016, 1:48 am
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