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Apart from being the previous owner of the Seattle SuperSonic team and co-founder of Maveron investment group, Howard Mark Schultz is best recognized as the Chief Executive Officer of world-renowned Starbucks.
Coming from a poor family, Schultz is the first member of his family to go to college. Right after graduation, he begun working for the Xerox Corporation as a sales person. Not long after, he was hired as the General Manager of Hammarplast, a Swedish drip coffee company. Later on, Schultz put up his own coffee shop and he named it "Il Giornale". Two years after, he acquired the original Starbucks for only $3.8 million. He renamed Il Giornale to Starbucks. The company expanded aggressively across the United States.
Apart from being a businessman, Schultz is also a writer. Among his published books include Onward: How Starbucks Fought for Its Life Without Losing Its Soul which he wrote with Joanne Gordon, and the other book is titled Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time which he co-wrote with Dori Jones Yang.
Howard Schultz has an estimated net worth of $3 billion as of November 2016 according to Forbes.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2014 |
Earnings |
Estimated annual earnings from Starbucks |
$20,000,000 |
2013 |
Earnings |
Amount received as corporate compensation at Starbucks |
$149,800,000 |
2013 |
Earning Turned Donation |
Amount donated to help the U.S. troops in Afghanistan |
$30,000,000 |
2012 |
Earnings |
Amount received as corporate compensation at Starbucks |
$117,000,000 |
2009 |
Salary |
Salary from managing Starbucks |
$1,300,000 |
2009 |
Earnings |
Total amount received as compensation by Schultz |
$22,000,000 |