Richard Schulze Net Worth

Net Worth: $2.6 Billion
  • Source of Wealth:

    Best Buy
  • Birth Place:

    Saint Paul, Minnesota
  • Marital Status:

    Married (Sandra Schulze)
  • Full Name:

    Richard M. Schulze
  • Nationality:

    United States
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About Richard M. Schulze

American businessman Richard Schulze has an estimated net worth of $2.6 billion as of April 2016 according to Forbes. Dick Schulze is known to be the founder and ex-chairman of Best Buy.

Richard Schulze was born in 1941 in Saint Paul, Minnesota. Though he was a high school dropout, he has proven himself worthy when he founded Best Buy. He was the company's Chief Executive Officer until 2002 and later on, served as the Chairman of the Board.

With his $2.7 billion, he was named by Forbes as America's 157th richest person. It was in May 2012, when he announced that he'd be stepping down as Chairman of Best Buy when Brian Dunn, his handpicked Chief Executive Officer was proven to have a relationship with a female employee.

In August of the same year, he attempted to buy out Best Buy. In March 2013, it was announced that Schulze will be rejoining Best Buy as the chairman emeritus. He is known to support many health causes. In fact, he donated $11 million to the Mayo Clinic for cancer treatment and $13 million to the Minnesota Medical Foundation for research on Type I diabetes.

Richard Schulze is currently married to Sandra Schulze. He has ten children.