Howard Schultz (born July 19, 1953) is an American businessman. He is executive chairman of Starbucks and a former owner of the Seattle SuperSonics. He was a member of the Board of Directors at Square, Inc. In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. In 2016, Forbes magazine ranked Schultz as the 595th richest person in the United States, with a net worth of $2.9 Billion as of September 2016.
On December 1, 2016, Schultz announced his resignation as CEO of Starbucks, effective April 2017. He will become executive chairman, with Kevin Johnson to become CEO.
Early life and education
Schultz was born to a Jewish family on July 19, 1953 in Brooklyn, New York, the son of ex-United States Army trooper and then truck driver Fred Schultz, and his wife, Elaine (Lederman). With his younger sister, Ronnie, and brother, Michael, he grew up in the Canarsie Bayview Houses of the New York City Housing Authority. As Schultz’s family was poor, he saw an escape in sports such as baseball, football, and basketball, as well as the Boys and Girls Club. He went to Canarsie High School, from which he graduated in 1971. In high school, Schultz excelled at sports and was awarded an athletic scholarship to Northern Michigan University – the first person in his family to go to college. A member of Tau Kappa Epsilon, Schultz received his bachelor’s degree in Communications in 1975.
Schultz in April 2011
|Born||July 19, 1953
Brooklyn, New York, United States
|Alma mater||Northern Michigan University|
|Occupation||Executive Chairman, Starbucks|
|Net worth||US$ 3.1 billions (Forbes – April 2017)|
|Spouse(s)||Sheri Kersch Schultz (m. 1982)|
|Children||Eliahu Jordan Schultz
Addison Kersch Schultz