Richard Schulze
$4.4B
Born
Jan 02, 1941
Age
84
Source of Wealth
Best Buy
Residence
Naples, Florida
Citizenship
United States
Marital Status
Widowed, Remarried
Children
10
Education
Diploma, High School
- 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.
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