Rank #969
Richard Schulze
Net worth $4.4B
Best Buy · United States
- Born
- Jan 02, 1941
- Age
- 85
- Source
- Best Buy
- Residence
- Naples, Florida
- Citizenship
- United States
- Marital status
- Widowed, Remarried
- Children
- 10
- Education
- Diploma, High School
Net worth over time
Biography
- Richard Schulze worked as an electronics components manufacturer representative before opening his stereo equipment shop, Sound of Music, in 1966.
- He grew it into the chain of superstores he renamed Best Buy.
- He is chairman emeritus of Best Buy and its largest individual shareholder with a 7% stake.
- Schulze served as the company's CEO from 1983 to 2002 and stepped down as chairman in 2012, when a scandal erupted around his hand-picked CEO.
- Schulze aims to give away $1 billion of his fortune in his lifetime, through his family foundation.
- In 2019, Best Buy named Corie Barry as CEO. She became the first woman to lead the company in its 53-year history.
- Schulze and his wife Maureen both lost their first spouses to mesothelioma cancer and donated $6 million to Moffitt Cancer Center in 2018.
Financial assets
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