Howard Schultz Net Worth is$1.2 Billion
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Profession: Entrepreneur, Chief Executive Officer, Businessperson
Date of Birth: Jul 19, 1953
Nicknames: Howard D Schultz
Ethnicity: Jewish people
Country: United States of America
What is Howard Schultz's net worth? Howard Schultz's net worth is $1.2 billion dollars. 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 "caf'e-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. He is also the former owner of the Seattle Supersonics basketball team.
Howard Schultz (born July 19, 1953) is an American business magnate. He is best known as the chairman and CEO of Starbucks and a former owner of the Seattle SuperSonics. Schultz co-founded Maveron, an investment group, in 1998 with Dan Levitan.
In 2006, Forbes magazine ranked Schultz as the 354th richest person in the United States, with a net worth of $1.1 billion.
Howard Schultz was born to a German-Jewish family on July 19, 1953 in Brooklyn, New York, the son of ex-US Army trooper and then truck driver Fred Schultz, and his wife Elaine. 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. 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. He has two children, named Eliahu Jordan, who goes by Jordan, and Addison.
After graduating, he worked as a salesperson for Xerox Corporation. In 1979 he became a general manager for Swedish drip coffee maker manufacturer, Hammarplast. In 1981, Schultz visited a client of Hammarplast, a fledgling coffee-bean shop called Starbucks Coffee Company in Seattle which he joined as the Director of Marketing a year later. On a buying trip to Milan, Italy for Starbucks, Schultz noted that coffee bars existed on practically every street. He learned that they not only served excellent espresso, they also served as meeting places or public squares; they were a big part of Italy's societal glue, and there were 200,000 of them in the country.
On his return, he tried to persuade the owners (including Jerry Baldwin) to offer traditional espresso beverages in addition to the whole

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Howard Schultz Latest News

Can You Upgrade Your Brand's Customer Service?

If the top people can't passionately believe in the customer experience, the company will never embody it. Howard Schultz (Starbucks), Tony Hsieh (Zappos), Richard Branson (Virgin Airlines), Steve Job...
Posted: December 9, 2018, 7:07 am

Starbucks doing better than ever after Howard Schultz

Load Error Despite negative publicity in 2018 that stemmed from the arrests of two black customers in a Philadelphia store in April, worries about more competition from Dunkin' and McDonald's and ther...
Posted: November 29, 2018, 8:45 am

Iconic Leader and Visionary Entrepreneur Howard Schultz to Bid Farewell to Starbucks after 40 Years

SEATTLE (June 4, 2018) – Starbucks Corporation (NASDAQ: SBUX) today announced that Howard Schultz is stepping down as executive chairman and member of the Board of Directors and will be honored with t...
Posted: June 4, 2018, 1:51 pm
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