Charles Butt & family’s profile picture

Charles Butt & family

Charles Butt & family’s profile picture
Net worth 2018: $10.7 Billion
Residence: San Antonio, TX
Country: United States
BirthDay: 3 February 1938
Sigh: Pisces
Education: Bachelor of Arts / Science, University of Pennsylvania Wharton School
BIOGRAPHY

Charles Butt & family was bornon 3 February 1938 in San Antonio, TX, United States. Charles Butt & family is #147 in List Billionaires People In The World. Charles Butt started working for the family business, Texas grocery chain H-E-B, at age 8. Florence Butt, his grandmother, founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work. Her son Howard took over in the 1920s and expanded throughout Texas. Charles became chairman and CEO in 1971 and today is the majority shareholder. Two siblings and two nephews own stakes in the company as well. H-E-B has 316 stores in Texas, plus 52 stores in Mexico, and donates 5% of pretax profits to charity.

NET WORTH STATISTIC
2009

$4 Billion

2010

$5.3 Billion

2011

$5.7 Billion

2012

$6.9 Billion

2013

$8.5 Billion

2014

$9.8 Billion

2015

$10.7 Billion

2018

$10.7 Billion

TIMELINE
2016

Butt and his family were excluded from the annual Forbes list of the world’s top billionaires beginning in 2016

2012

In 2012, ExecReps ranked Butt as the #5 CEO on its Top Chief Executive List

2001

In November 2001, the Mexican government awarded Butt the Aguila Azteca medal for his philanthropic involvement and business dealings in Mexico

1938

Charles Clarence Butt was born on February 3, 1938, the son of Howard Edward Butt Sr

(3.4/167 votes)
Related Person
Johann Rupert’s profile picture
Johann Rupert
Net Worth is $6.95 Billion
Christy Walton’s profile picture
Christy Walton
Net Worth is $6.72 Billion
David Green’s profile picture
David Green
Net Worth is $6.71 Billion
Ralph Lauren’s profile picture
Ralph Lauren
Net Worth is $6.32 Billion
Ricardo Salinas Pliego’s profile picture
Ricardo Salinas Pliego
Net Worth is $6.18 Billion
Zhang Jindong’s profile picture
Zhang Jindong
Net Worth is $6.11 Billion