Howard Schultz

$3.36 B

Ranked #1234 in World

About Howard Schultz

Howard D. Schultz, the renowned American business magnate, entrepreneur, and philanthropist, was born on July 19, 1953, in Brooklyn, New York, to Ashkenazi Jewish parents. Growing up in the Canarsie public housing projects, he graduated from Canarsie High School in 1971. Schultz attended Northern Michigan University from 1971 to 1975, where he earned a B.A. in communications. His remarkable career started as a salesman for Xerox in New York in 1976 before being recruited by French private equity firm PAI Partners in 1979. Schultz joined Starbucks in 1982 as the director of retail operations and marketing, where he played a pivotal role in its growth and success. He left Starbucks in 1985 to establish his own store, Il Giornale, which he later rebranded as Starbucks and expanded across the United States. Throughout his tenure at Starbucks, Schultz made significant contributions, including leading the company through the 2008 financial crisis. Beyond Starbucks, he also ventured into the sports industry, owning the Seattle SuperSonics and Seattle Storm. Schultz is an accomplished author, having written several books, and has been actively involved in political causes, including supporting candidates like Barack Obama and Hillary Clinton. While criticized for his stance on unions and fiscal matters, Schultz has also demonstrated a commitment to philanthropy through the Schultz Family Foundation. His remarkable achievements have earned him numerous awards and accolades, and he is widely recognized as a prominent figure in the business world.

Born

July 19, 1953 in Brooklyn, New York, U.S.

Age

72 years

Source Of Wealth

Starbucks

Industries

Food & Beverage

Citizenship

United States

Residence

Seattle, Washington

Education

Bachelor of Arts/Science, Northern Michigan University

Spouse

Sheri Kersch (Married: 1982)

Children

Howard D. Schultz was born on July 19, 1953, in Brooklyn, New York, to Ashkenazi Jewish parents. He grew up in Canarsie public housing projects and graduated from Canarsie High School in 1971. Schultz then attended Northern Michigan University from 1971 to 1975, where he was a member of the Tau Kappa Epsilon Fraternity. He graduated with a B.A. in communications.

Howard Schultz: Family

Howard Schultz is married to Sheri Kersch, and they have two children together. He is known to be a coffee aficionado, consuming four to five cups of coffee daily.

Howard Schultz: Career Highlights

Schultz's career journey began in 1976 when he worked as a salesman for Xerox in New York. In 1979, he was recruited by French private equity firm PAI Partners to serve as the general manager of Hammarplast, a Swedish kitchenware manufacturer's U.S. subsidiary.

In 1982, Schultz joined Starbucks as the director of retail operations and marketing. A pivotal moment in his career came during a buying trip to Milan, Italy, in 1983, where he was introduced to the concept of espresso beverages. Inspired by this experience, Schultz worked to persuade Starbucks owners Jerry Baldwin and Gordon Bowker to offer traditional espresso beverages.

However, Schultz left Starbucks in 1985 to open his own store, Il Giornale. Recognizing the potential of the Starbucks brand, he rebranded Il Giornale with the Starbucks name and expanded its reach across the United States. This led to Starbucks' initial public offering (IPO) on June 26, 1992.

Schultz stepped down as CEO of Starbucks in 2000, transitioning to the role of chief global strategist. He returned as CEO during the height of the 2008 financial crisis, implementing significant changes to revitalize the company. These included a mass firing of executives, store closures, and temporary closures of all U.S. locations for employee retraining in espresso making.

Schultz also redoubled the firm's commitment to fair trade and ethical sourcing policies for its coffee bean supply chain.

He stepped down as CEO again in December 2016, assuming the position of executive chairman. In March 2022, he returned to the role of CEO in an interim position following the departure of Johnson. However, he stepped down as interim CEO on March 20, 2023.

Howard Schultz: Companies

Schultz has been involved with several companies throughout his career. He is best known for his association with Starbucks, where he held various leadership positions, including CEO and executive chairman.

Additionally, Schultz led a group of investors who bought the Seattle SuperSonics and Seattle Storm in 2001. However, he sold the team in 2006 after failing to secure public funding for a new arena. He also owns venture capital firm Maveron and is the owner of a 77-meter luxury superyacht.

Howard Schultz: Major Achievements

Schultz's major achievements include transforming Starbucks from a regional coffeehouse chain into a global coffeehouse giant. He played a pivotal role in popularizing espresso beverages in the United States and expanding Starbucks' reach internationally.

Schultz is also recognized for his commitment to social responsibility and ethical business practices. He implemented fair trade and ethical sourcing policies for Starbucks' coffee bean supply chain and advocated for various social causes, such as veterans' affairs and youth employment.

Howard Schultz: Awards & Achievements

Schultz has received numerous awards and honors for his business achievements and philanthropic efforts. These include:

Ernst & Young Entrepreneur of the Year Award (1992)
Time magazine's "100 Most Influential People in the World" (2007)
Forbes' "World's Billionaires" list (2010)
National Medal of Freedom (2018)

Howard Schultz: Personal Life & Legacy

Schultz is known for his passion for coffee and his commitment to social responsibility. He is also an avid sports fan and has been involved in various philanthropic initiatives through the Schultz Family Foundation, which supports youth and veteran employment.

Schultz's legacy lies in his transformative impact on the coffee industry and his advocacy for ethical business practices.

He is widely regarded as a visionary leader who revolutionized the way people consume and experience coffee.

Howard Schultz: Trivia

Schultz is a noted coffee aficionado, drinking four to five cups of coffee every day.
He is the owner of a 77-meter luxury superyacht named "The Quest."
Schultz co-founded the Schultz Family Foundation, which supports youth and veteran employment.
He has authored several books, including "Pour Your Heart Into It" and "Onward."
Schultz is a vocal advocate for social responsibility and ethical business practices.

Wealth History

Timeline

July 19, 1953

Howard D. Schultz is born in Brooklyn, New York.

1971

Graduates from Canarsie High School.

1971-1975

Attends Northern Michigan University.

1976

Works as a salesman for Xerox in New York.

1979

Recruited by French private equity firm PAI Partners to be the general manager of Hammarplast.

1982

Hired at Starbucks as the director of retail operations and marketing.

1983

Exposed to coffee in Italy on a buying trip to Milan.

1985

Leaves Starbucks to open his own store, Il Giornale.

June 26, 1992

Starbucks has its initial public offering (IPO).

2000

Steps down as CEO of Starbucks, moving to the new position of chief global strategist.

2001

Leads a group of investors who buy the Seattle SuperSonics and Seattle Storm.

2006

Sells the Seattle SuperSonics and Seattle Storm to Clay Bennett.

2008

Files a lawsuit against Bennett to rescind the sale based on fraud and intentional misrepresentation.

August 2008

Drops the lawsuit against Bennett.

2008

Returns as CEO of Starbucks during the height of the 2008 financial crisis.

2011

Publishes the book 'Onward: How Starbucks Fought for Its Life Without Losing Its Soul'.

2012

Endorses Barack Obama in the United States presidential election.

2014

Publishes the book 'For Love of Country: What Our Veterans Can Teach Us About Citizenship, Heroism, and Sacrifice'.

December 2016

Steps down as CEO of Starbucks again, assuming the position of executive chairman.

2019

Publishes the book 'From the Ground Up: A Journey to Reimagine the Promise of America'.

March 2022

Returns to the role of CEO of Starbucks in an interim position following Johnson departing the position.

March 20, 2023

Steps down as interim CEO of Starbucks.

Howard Schultz : FAQs

What is Howard Schultz's current net worth?

Howard Schultz's current net worth is $3.36 billion.

What is Howard Schultz's current global rank among billionaires?

Howard Schultz holds the 1234th position globally among billionaires.

What is Howard Schultz's current ranking within the United States?

Howard Schultz holds the 449th position in United States.

What was the change in Howard Schultz's net worth compared to the previous year?

Howard Schultz's net worth increased by 89.17 million dollars compared to the previous year 2025, when his net worth was 3.27 billion dollars.

What are Howard Schultz's main sources of wealth?

Howard Schultz's main source of income comes from Starbucks.

In which industry does Howard Schultz primarily operate?

Howard Schultz is primarily involved in the Food & Beverage industry.

What is Howard Schultz educational background?

Howard Schultz holds a Bachelor of Arts/Science from Northern Michigan University.

How old is Howard Schultz?

Howard Schultz is 72 years old.

How many children does Howard Schultz have?

Howard Schultz has 2 children.

When and where was Howard D. Schultz born?

Howard D. Schultz was born on July 19, 1953, in Brooklyn, New York.

What high school did Howard D. Schultz graduate from?

Howard D. Schultz graduated from Canarsie High School in 1971.

Where did Howard D. Schultz attend college?

Howard D. Schultz attended Northern Michigan University from 1971 to 1975.

What was Howard D. Schultz's role at Starbucks?

Howard D. Schultz was hired at Starbucks in 1982 as the director of retail operations and marketing.

How many books has Howard D. Schultz authored?

Howard D. Schultz has written four books: 'Pour Your Heart Into It,' 'Onward,' 'For Love of Country,' and 'From the Ground Up'.

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