How rich is Charles Butt?
Charles Butt Net Worth:
|Birth date:||February 3, 1938|
|Birth place:||San Antonio, Texas, United States|
|Education:||Harvard Business School|
|Nationality:||United States of America|
|Children:||Howard Edward Butt Sr.|
|Parents:||Mary Elizabeth Butt|
Charles Butt biography:
The Appeal of Charles Butt
American businessman and grocer, Charles Butt, and family has a net worth of $6.4 billion as of March 2012, according to FORBES.Charles Butt best known for the HEB supermarket chain in Texas and northern Mexico. The Texas-born Charles Butt began working as a bag boy at the age of eight in his father’s supermarket. His grandmotherFlorence Butt, founded H.E. Butt Grocery in 1905 from a small house in Kerrville, Texas. Charles Butt graduated from University of Wharton School using a Bachelor of Arts / Science and earned a Master of Business Administration from Harvard Business School. Charles took over the household ‘s HEB supermarket chain in 1971.The H E B grocery chain now boasts an annual sales of over $15 billion and has shops in Louisiana and Mexico with headquarter in San Antonio. The company’s Central Market gourmet and organic line increasingly competes with Whole Foods. H-E-B contributes 5% of pretax profits to charity. The HEB brand has grown into several different varieties over the years, including the Central Market brand, a Whole Foods inspired supermarket chain featuring a wide range of gourmet alternatives, cooking categories.
Charles Clarence Butt (created February 3, 1938) is an American grocer who took over his family’s San Antonio-based H-E-B supermarket chain in 1971. The privately held company now has more than 300 shops and $17 billion in sales, based on Forbes magazine.
He earned a Master of Business Administration from Harvard Business School. He became president of the H.E. Butt Grocery Company in 1971. On November 14, 2001, the Mexican government given Butt the Aguila Azteca medal for his philanthropic involvement and company deals in Mexico. In the year 2012, ExecReps ranked Charles Butt as the #5 CEO on ExecRank’s Top Chief Executive List.