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Charles Butt Net Worth

Charles Butt Net Worth

Net Worth: $6.64 Billion

Statistics
  • Source of Wealth Supermarkets
  • Marital Status Single
  • Full Name Charles Clarence Butt
  • Nationality United States
  • Date of Birth February 3, 1938
  • Occupation Businessman
  • Education University of Pennsylvania Wharton School (BAASc)
  • Children None
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About Charles Butt

American businessman and grocer, Charles Butt, and family has a net worth of $6.64 billion in July 2017, according to Bloomberg. Charles Butt best known for the HEB supermarket chain in Texas and northern Mexico.  The Texas-born Charles Butt started working as a bag boy at the age of eight in his father’s supermarket. His grandmother Florence Butt, founded H.E. Butt Grocery in 1905 from a small house in Kerrville, Texas. Charles Butt graduated from University of Wharton School with a Bachelor of Arts / Science and earned a Master of Business Administration from Harvard Business School. He took over the family’s H-E-B supermarket chain in 1971.The H-E-B grocery chain now boasts an annual sales of over $15 billion and has stores in Louisiana and Mexico with headquarter in San Antonio. The firm’s Central Market gourmet and organic line increasingly competes with Whole Foods. H-E-B donates 5% of pretax profits to charity. The HEB brand has expanded into several different varieties over the years, including the Central Market brand, a Whole Foods inspired supermarket chain featuring a wide variety of gourmet options, cooking classes.