Rank #1336
Howard Butt III & family
Net worth $3.2B
Supermarkets · United States
- Born
- Apr 04, 1952
- Age
- 74
- Source
- Supermarkets
- Residence
- San Antonio, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Howard Butt III is CEO of Texas grocery store chain H-E-B and serves on the board.
- His uncle Charles Butt is the company's chairman.
- His brother, Stephen Butt, is H-E-B's President of Shareholder Relations and its Central Market division, focused on specialty foods, and serves on the board.
- The Butt family owns a majority of the $50 billion (sales) company.
- H-E-B has 455 stores in Texas and Mexico and employs 160,000 people.
- H-E-B gives 5% of pretax profits to charity each year.
- Butt's great-grandmother, Florence Butt, started the company in 1905.